Case Study: Crane Rental Service achieves lower-cost financing and freed-up cash with Pitney Bowes Bank

Crane Rental Service cuts loan rate by nearly 1% with Pitney Bowes

The customer, Crane Rental Service, Inc., faced a challenge when regulatory changes required an upgrade to its crane fleet. Seeking to diversify its funding sources to avoid reliance on a single lender, President Cathy Greinke turned to Pitney Bowes Bank for equipment financing and refinancing solutions.

The solution from Pitney Bowes Bank involved a personalized agreement to first refinance an existing loan, securing a rate nearly a full percentage point lower, and then financing the new crane purchases. This partnership provided competitive terms, freed up operating cash, and shortened a previous loan term, helping Crane Rental Service achieve its long-term goals while ensuring financial flexibility.

Crane Rental Service, Inc.