Pitney Bowes announces new subsidiary Wheeler Financial
Pitney Bowes announced Wheeler Financial from Pitney Bowes, a new subsidiary of the Pitney Bowes Bank. This new subsidiary will be dedicated to helping small to middle market clients acquire the critical assets they need to grow and expand their business. Wheeler Financial from Pitney Bowes will help clients purchase new equipment and services critical to the industries in which they operate with loans, leases, and other financial structures. Pitney Bowes Financial Services has been providing commercial lending opportunities and solutions to purchase Pitney Bowes equipment for more than 30 years; financing over $10B to date. With the advent of Wheeler Financial, Pitney Bowes has access to bank capital ready to loan out to SMBs. Pitney Bowes is expanding investment in its financial services business as it makes resources available to its significant small and medium business client base.