Wheeler Financial From Pitney Bowes Helps T W Phillips Access Capital for Growth
February 27 2020 - 8:00AM
Business Wire
Grading firm secures funding to invest in
growing business
Pitney Bowes Inc. (NYSE: PBI), a global technology company that
provides commerce solutions in the areas of ecommerce, shipping,
mailing and financial services, today announced that Wheeler
Financial from Pitney Bowes has closed a financing transaction with
T.W. Phillips Grading Inc. The company is using the capital to
expand its fleet of heavy equipment and position itself for
growth.
Based in Dawsonville, Georgia, T.W. Phillips Grading, Inc. is a
family-run business founded by owner Tracey Phillips. With
contracts in both the municipal and commercial sector, the business
operates heavy equipment to prepare surfaces for roads and building
foundations such as schools and new commercial sites. To secure
growth opportunities beyond the region, T.W Phillips Grading, Inc.
partnered with Wheeler Financial from Pitney Bowes to secure the
capital it needed to invest in new equipment.
“There’s great demand and opportunity for our business,
especially with continued growth in the northern Atlanta suburbs ,”
said Tracey Phillips, owner and founder of T.W. Phillips Grading,
Inc. “We need to invest to respond to this growth or risk missing
out, but we can’t afford to be held back by complex, lengthy access
to capital. Wheeler Financial made it easy for us. They were
flexible and responsive, and they demonstrated a detailed
understanding of our business from the earliest stages. As a
result, we have expanded our fleet of excavators and are perfectly
poised to grow our business.”
“Small businesses like T.W Phillips Grading, Inc. have every
right to secure capital quickly and easily. It’s a prerequisite for
growth. In reality, this is far from easy,” said Christopher
Johnson, Senior Vice President and President, Pitney Bowes
Financial Services. “Wheeler Financial is turning this problem on
its head. We have almost a century of experience supporting small
businesses. We have a robust history of lending, we have access to
capital, and we are vocal about our firm commitment to Main Street.
We’re very proud to partner with T.W. Phillips and other
hardworking small businesses across America.”
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; 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200227005249/en/
John Spadafora Pitney Bowes M +1 518 708 3466
john.spadafora@pb.com
Pitney Bowes (NYSE:PBI)
Historical Stock Chart
From Aug 2024 to Sep 2024
Pitney Bowes (NYSE:PBI)
Historical Stock Chart
From Sep 2023 to Sep 2024