Wheeler Financial Secures Funding for Covenant Trucking

Wheeler Financial, a subsidiary of Pitney Bowes, closed a financing transaction with Covenant Trucking which allowed the latter to add a dump truck to its fleet.

Covenant Trucking s a veteran and minority-owned business that has served the Raleigh, NC area since 1996. It is a full-service dump truck hauling and project management firm that works with large construction companies. The company has continually grown and is recognized for its high customer satisfaction, reliability, dependability and integrity.

“I’m thankful to start a relationship with an institution that is supportive of veteran and minority- owned businesses, which have traditionally struggled to find access to capital,” said Joe Jones, Covenant founder, president and CEO and a 20-year US Army veteran. “Wheeler Financial responded to our request quickly and with a competitive rate.”

“North Carolina is an important market and small businesses like Covenant Trucking Company Inc. are the backbone of our economy,” said Christopher Johnson, senior vice president and president, Pitney Bowes Financial Services. “This is an incredibly well-run company, and we were pleased to invest and provide the funding for the equipment needed to continue to grow their business. Wheeler Financial is focused on supporting the ‘Main Street’ economy and helping small businesses grow.”

Pitney Bowes has operated a bank platform for two decades, and has financed or leased more than $10 billion in equipment. The Wheeler Financial subsidiary was founded specifically to meet the finance, loan and leasing requirements of small- and middle-market clients to help them acquire critical assets.

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