Case Study: a Michigan-based rapid growth IT company achieves $40MM revenue growth trajectory with Pitney Bowes Bank working capital

Michigan-based rapid growth information technology company scales from under $10MM to over $50MM with Pitney Bowes

A Michigan-based information technology company faced the challenge of securing working capital to accept a transformative project that would significantly increase its annual revenue. Their existing bank was unwilling to look beyond historical financials to understand the opportunity. To seize this growth, the company needed to hire talent and solidify vendor relationships, requiring financial support that Pitney Bowes Bank provided.

Pitney Bowes Bank implemented a solution by performing a deep dive into the company's operations, the new opportunity, and its contractual details, going far beyond a typical financial review. This partnership provided the necessary working capital, which resulted in the acquisition of a major new client, solidified vendor relationships, and improved cash flow. The measurable impact was a revenue growth trajectory of $40 million, catapulting the company from under $10MM to over $50MM in annual revenue.