BusinessWeek: CIT's Fate Worries Retailers and 'Factor' Industry

"Lender CIT, which failed to secure a second federal bailout, is a big player in the business of extending credit based on receivables."

BusinessWeek article: http://www.businessweek.com/smallbiz/content/jul2009/sb20090717_348242.htm

The frantic efforts in recent days to keep CIT out of bankruptcy throws a spotlight on the shrinking pool of financing available to small and mid-sized businesses (SMBs).