Wheeler Financial from Pitney Bowes Finances Equipment to Position Bryant’s Land and Development for Growth
July 31 2019 - 8:00AM
Business Wire
North Carolina firm purchasing asphalt paver to
expand into larger-scale contracts
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 Bryant’s
Land and Development. The engineering and construction firm is
using the capital to upgrade its equipment for improved
productivity and accelerated growth.
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the full release here:
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Bryant’s Land and Development is a family-run firm with a
reputation for quality and reliability. Based in Burnsville, North
Carolina, the business has delivered construction and engineering
projects throughout the region, particularly on the Blue Ridge
Parkway, one of the most iconic routes in North America. As
Bryant’s expands its business into larger-scale projects on the
Blue Ridge and beyond, investing in more efficient equipment is
critical to their success.
North Carolina is experiencing rapid growth. In 2018, it ranked
as Forbes’ Best State for Business for the second consecutive year
and was one of the top U.S. states for GDP growth.
“Our growth plan relies on continuous investment in
capabilities,” said Greg Bryant, owner of Bryant’s Land and
Development. “Getting the right equipment in place enables us to
win and manage larger bids more effectively. And financing those
investments with the right partners is equally important to
achieving that growth. With Wheeler Financial, we found a finance
partner with whom we could build a long-term relationship rather
than just completing a one-off transaction.”
“Small businesses need cash to invest in the right equipment to
generate growth, but when they’re managing day-to-day expenses it
can be a huge challenge to maintain this liquidity,” said
Christopher Johnson, Senior Vice President and President, Pitney
Bowes Financial Services. “It’s important to choose the financial
partner that can help you optimize your flexibility over the long
term. With a rich history of serving SMBs for nearly 100 years, we
have the domain expertise, human capital, and financial capital to
help small businesses succeed. This partnership with Bryant’s Land
Development illustrates our commitment to this important sector,
helping small companies win in an ever more competitive
environment.”
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. For more than 30 years, Pitney Bowes has been financing
their own equipment, while the Pitney Bowes Bank was established in
1996 to support postage financing. 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/20190731005254/en/
John Spadafora Pitney Bowes M +1 518 708 3466
john.spadafora@pb.com
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