Wheeler Financial from Pitney Bowes Helps Covenant Trucking Company Inc. Secure Funding to Capitalize on Growing North Caroli...
July 29 2019 - 8:00AM
Business Wire
Veteran and Minority-Owned Business Adds Dump
Truck to its Fleet
Pitney Bowes (NYSE: PBI), a global technology company that
provides commerce solutions in the areas of ecommerce, shipping,
mailing, finance and data, today announced that Wheeler Financial
from Pitney Bowes has closed a financing transaction with Covenant
Trucking Company Inc.
Covenant Trucking Company Inc. is a veteran and minority-owned
business that has served the Raleigh, NC area since 1996. They are
a full-service dump truck hauling and project management firm that
works with large construction companies. The company has
continually grown and is recognized for its high customer
satisfaction, reliability, dependability and integrity.
“I’m thankful to start a relationship with an institution that
is supportive of veteran and minority- owned businesses, which have
traditionally struggled to find access to capital,” said Joe Jones,
Founder, President and CEO of Covenant Trucking Company Inc., and a
20-year US Army veteran. “Wheeler Financial responded to our
request quickly and with a competitive rate.”
“North Carolina is an important market and small businesses like
Covenant Trucking Company Inc. are the backbone of our economy,”
said Christopher Johnson, Senior Vice President and President,
Pitney Bowes Financial Services. “This is an incredibly well run
company and we were pleased to invest and provide the funding for
the equipment needed to continue to grow their business. Wheeler
Financial is focused on supporting the ‘Main Street’ economy and
helping small businesses grow.”
Pitney Bowes has been a trusted enabler for small business
growth for almost 100 years, has operated a bank platform for two
decades, and has financed or leased more than $10bn of equipment.
Wheeler Financial from Pitney Bowes, a subsidiary of the Pitney
Bowes Bank, Inc., Member FDIC, was announced earlier this year. The
subsidiary was founded specifically to meet the finance, loan and
leasing requirements of small- and middle-market clients, to help
them acquire critical assets.
About Wheeler Financial from Pitney Bowes
Wheeler Financial™ from Pitney Bowes is a subsidiary of the
Pitney Bowes Bank, Inc., Member FDIC, dedicated to helping small to
lower middle market clients acquire the critical assets they need
to grow and expand their business with innovative financing
solutions. The Pitney Bowes Bank, together with Pitney Bowes, has
been financing Pitney Bowes equipment for over 20 years. Our
expansion into helping our clients finance other purchases reflect
our continued commitment to helping our customers grow efficiently
and effectively.
About Pitney Bowes
Pitney Bowes (NYSE:PBI) is a global technology company providing
commerce solutions that power billions of transactions. Clients
around the world, including 90 percent of the Fortune 500, rely on
the accuracy and precision delivered by Pitney Bowes solutions,
analytics, and APIs in the areas of ecommerce fulfillment, shipping
and returns; cross-border ecommerce; office mailing and shipping;
presort services; location data; customer information and
engagement software; services; and financing. For nearly 100 years
Pitney Bowes has been innovating and delivering technologies that
remove the complexity of getting commerce transactions precisely
right. For additional information visit Pitney Bowes, the Craftsmen
of Commerce, at www.pitneybowes.com.
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John Spadafora Pitney Bowes M +1 518 708 3466
john.spadafora@pb.com
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