direct capital corporation

Founded in 1993, Direct Capital Corporation established itself as a leading nationwide provider of financing and leasing solutions for small and medium-sized businesses (SMBs). The company was known for its proprietary technology platform that streamlined the lending process, making it faster and more efficient for businesses to secure capital. In 2014, Direct Capital was acquired by CIT Group, a move that significantly expanded CIT's small business and middle-market lending capabilities. Following CIT's merger with First Citizens Bank in 2022, the services and expertise of the former Direct Capital are now integrated into the commercial financing division of First Citizens Bank.