The lender does not provide eligibility requirements. In response to a customer complaint on Trustpilot, a CIT representative said that credit decisions are primarily based on verifying identity and banking history, but they didn't elaborate. If you were declined, the denial letter should explain why. You can contact the company directly if you need more information. Fortunately, there are many lenders to consider if CIT doesn't work for your needs. You can try another commercial lender, like Wells Fargo, or apply one of the many alternative lending options. Many online lenders provide equipment financing and working capital loans. Some online lenders and lending marketplaces (like UCS) also facilitate SBA loans. In addition, you might be interested in other small business loans options, such as: Business term loans. Business lines of credit. Invoice factoring. Merchant cash advances. Revenue-based financing. Bad credit business loans. ERTC advances.