Wheeler Financial from Pitney Bowes Provides Capital for InterWest Paper to Invest and Drive Growth
October 09 2019 - 8:00AM
Business Wire
Latest transaction confirms Wheeler’s continued
commitment to Main Street
Pitney Bowes Inc. (NYSE: PBI), a global technology company that
provides commerce solutions in the areas of ecommerce, shipping,
mailing, data and financial services, today announced that Wheeler
Financial from Pitney Bowes has closed a financing transaction with
InterWest Paper, a full-service recycling facility for the Pro
Recycling Group.
Located in Denver, Colorado, InterWest Paper has been managing
recyclable collection across seven Western States for over forty
years. Recent increased demand for its recycling services has led
to pressure on its current logistics network. As a long-term Pitney
Bowes client, InterWest turned to Wheeler Financial to quickly
secure the capital for investment in critical use equipment. As a
result, they are now well positioned to execute on an operational
excellence and growth strategy.
“The service we deliver to our customers is what sets us apart,
but it was becoming clear that we needed to make investments to
maintain these high standards and deliver services across new
routes. The right transport is mission-critical equipment for us.
Wheeler Financial were responsive, supportive and flexible. The
capital we have secured for investment is a springboard for
growth,” said Lewis Peck, CEO, InterWest Paper.
“The health of America’s economy depends on our small
businesses. For them to thrive, they need consistent access to
capital from a diverse group of credit providers,” said Christopher
Johnson, Senior Vice President and President, Pitney Bowes
Financial Services. “Having a partner like Wheeler Financial that
understands the needs of small businesses is now more critical than
ever. We have an unwavering commitment to helping businesses like
InterWest Paper secure the capital they need to 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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version on businesswire.com: https://www.businesswire.com/news/home/20191009005156/en/
John Spadafora Pitney Bowes M +1 518 708 3466
john.spadafora@pb.com
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