Pitney Bowes Inc. has launched Wheeler Financial, an equipment financing entity focused on small and midsize businesses.
Wheeler Financial will operate as a new subsidiary of the company”™s Salt Lake City-based FDIC-member Pitney Bowes Bank Inc., and it will provide Pitney Bowes”™ with loans, leases and other financial structures to fund the purchase of new products and services. Wheeler Financial is named in honor of Walter Wheeler, whose four-decade career at Pitney Bowes began as a salesman and concluded as chairman and CEO.
“We understand our client”™s needs for capital are growing,” said Christopher Johnson, senior vice president and president of Pitney Bowes Financial Services. “The market”™s ability to meet that need is actually shrinking. With the launch of Wheeler Financial, we are committed to investing in our clients”™ growth by helping them acquire the assets essential to their business operations.”
