Wheeler Financial from Pitney Bowes Finances Investment in New Technology for Giuliante Machine Tool
December 10 2020 - 8:00AM
Business Wire
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
Giuliante Machine Tool, Inc. The leading aerospace component
manufacturer is investing the capital in sophisticated
manufacturing technology to boost efficiency and meet its clients’
evolving requirements.
Founded in 1978, Giuliante Machine Tool manufactures premium
quality components for military fighter jets, helicopters,
transport planes and commercial aircraft. Having expanded
significantly from its early roots in Port Chester to a 27,000
square-foot facility in Peekskill, New York, Giuliante Machine Tool
was looking to invest in equipment which would allow it to produce
higher volumes of components more efficiently, for a greater number
of clients. The manufacturer entered into a five-year dollar-buyout
lease from Wheeler Financial.
Marcelo Giuliante, VP Operations, Giuliante Machine Tool said,
“In our experience, sometimes the larger banks make borrowing more
challenging than it needs to be. Wheeler Financial was very easy to
work with. The entire process was fast and smooth from start to
finish.”
“Small businesses like Giuliante Machine Tool must invest to
grow but don’t want the burden of major upfront capital investment,
particularly after the most challenging year many have ever
experienced,” said Christopher Johnson, Senior Vice President and
President, Pitney Bowes Financial Services. “Despite the negative
impact COVID-19 is having on the market, we continue to invest in
small and mid-sized businesses which are a vital segment of our
economy.”
Leasing equipment is just one of the ways in which Pitney Bowes
Financial Services offers its support and expertise to small- and
mid-market companies. As well as offering affordable working
capital solutions, dedicated expertise and financial flexibility,
it supports high volume shippers of all sizes to help them optimize
cashflow.
Pitney Bowes Financial Services is committed to delivering the
liquidity businesses need to succeed, leveraging its one hundred
years of leadership and firm, unwavering commitment to SMBs.
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 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/20201210005082/en/
John Spadafora Pitney Bowes M +1 518 708 3466
john.spadafora@pb.com
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