First Citizens Bank announced that CIT Commercial Services has provided $100 million in financing to Wiesner Products, a leading designer, importer and distributor of men’s, women’s and children’s apparel and accessories.

Located in New York, Wiesner Products supplies licensed and private-label clothing and accessories brands to leading retailers such as Ross Stores, TJX Companies, Burlington, Five Below, Walmart, Target and Amazon. Wiesner aims for strategic growth through acquisitions and addition of new product categories that improve its product range and market reach.

“We are excited to offer this financing solution to support Wiesner Products’ expansion and operational needs,” said Mike Hudgens, president of CIT Commercial Services. “Our expertise in factoring allows us to deliver tailored financial solutions that help companies like Wiesner maximize liquidity and drive growth.”

“This financing strengthens our financial position and gives us the flexibility needed to execute our strategic plans,” said Charles Mizrahi, president of Wiesner Products. “CIT Commercial Services and First Citizens Bank’s extensive industry knowledge and tailored factoring solutions make them an ideal partner as we continue expanding our market reach.”

CIT Commercial Services, a subsidiary of First Citizens Bank, is one of the nation's leading providers of factoring, credit protection, accounts receivable management, supply chain finance and lending services to domestic middle-market companies.