BizSugar.com › Finance › Small and Midsize Businesses at Risk as Fate of CIT Remains Unknown

The anxiety level is on the rise again for the nearly one million small and midsize businesses (SMBs) that rely on CIT for access to capital. Recent headlines detail the latest in the century old stalwart's struggles to avoid bankruptcy including a second restructuring. Meanwhile, CEO Jeffery Peek has announced his resignation at year end.