CIT Group Inc. announced the appointment of Jerry Younts to its Commercial Services team as a senior business development officer.

According to a story originally published at Textile World, Younts will be responsible for offering factoring and asset-based financing services to furniture, textile, floor covering manufacturers and importers, and other clients, primarily in the Southeastern United States.

“CIT is continuing to build a best-in-class team to provide factoring and other financing options to Southeastern manufacturers and importers,” said Mike Hudgens, Southeast regional manager for CIT’s Commercial Services group. “We are pleased to welcome Jerry to our lineup of experts.”

Younts has had a long and successful career as a factoring professional and is well known to core companies in the market. At one time or another, he has held senior leadership positions at some of the most recognized companies in the factoring industry.

Most recently, he was employed as a senior vice president at BB&T Commercial Finance, and has prior experience at Bridge Bank, Accord Financial, Capital Business Credit, and Barclays Commercial Corporation.