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Wheeler Financial Finances New Tech for Giuliante Machine Tool

December 11, 2020, 07:15 AM
Filed Under: Manufacturing

Pitney Bowes Inc. announced that Wheeler Financial from Pitney Bowes has closed a financing transaction with Giuliante Machine Tool, Inc. The 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, NY, to a 27,000 square-foot facility in Peekskill, NY, 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, Vice President 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.

Wheeler Financial from Pitney Bowes is a subsidiary of the Pitney Bowes Bank, Inc.

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