CIT Group’s Ch. 11 leaves lending hole

NEW YORK Restaurant operators, already scrambling to fund growth, may need to reach deeper into their bag of tricks as CIT Group Inc., a large industry lender, has filed for Chapter 11 bankruptcy protection from creditors.

While the New York-based CIT Group said that a prepackaged plan for reorganization, approved by 90 percent of its creditors, will help it continue to provide funding to its small and middle market clients, many restaurateurs have sa

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