Funding for artisan coffee distributor demonstrates Wheeler Financial’s
firm commitment to Main Street America
STAMFORD, Conn.--(BUSINESS WIRE)--Nov. 6, 2019--
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 Alpine Coffee of Englewood, Colorado.
The specialty coffee distributor recently upgraded its manufacturing equipment to maintain its service levels to a growing customer base. In order to minimize the cashflow over time and continue profitable growth, they turned to Wheeler Financial to finance the transaction.
“For us to continue to thrive, we need to invest in the right equipment – which means finding the right finance partner. Wheeler Financial has been supportive, flexible and responsive and they clearly understand the specific needs of our business. We look forward to developing our partnership with Wheeler Financial in the long-term.”
“Companies like Alpine Coffee are the heartbeat of the U.S. economy. These businesses should be celebrated and supported, but it’s harder than ever before for them to secure the finance they need to grow,” said Christopher Johnson, Senior Vice President and President, Pitney Bowes Financial Services. “At Wheeler Financial, our mission is to bolster these businesses, helping them foster growth through swift access to capital and industry intelligence. Our commitment to America’s Main Street stands firm.”
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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Source: Pitney Bowes Inc.
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