Briggs Finance
A finance solution for your business that is different
Most banks and finance houses evaluate each lending proposition on its own merits. Briggs Finance from Briggs Equipment will consider all aspects of your capital requirements to see where we can add value to your company.
- No fees
- Quick decisions
- Deal directly with us
- No banks or 3rd parties involved
Our Proposition
Our proposition is simple; a finance contract should be built around our customer’s specific requirements and cash flow, not the finance provider’s requirements.
Our core activity is the contract hire of materials handling equipment – total asset management from procurement through to disposal – for Hyster, Yale and other specialist brands.
By dealing directly with you we can make decisions more quickly with no delays waiting for 3rd parties to respond. The process is simplified.
Our finance packages are flexible and can be tailored to suit your individual requirements.
Briggs Finance isn’t weighed down with the red tape you would experience with a bank; our emphasis is on keeping your business moving forward. There are also no arrangement fees when you set up your agreement with us.
Briggs Finance Options
Briggs Finance offers you and your business more choice and this means finding the right tailored funding solution. For simplicity, we offer a core range which can be tailored to your specific requirements:
Contract Hire
The classic choice for getting the asset you need with minimal cash outlay over a leasing period to suit your requirements. You benefit from:
- Tax deductible rentals
- VAT spread and reclaimable on every payment
- Minimal cash outlay
- Fixed costs for easy forward planning
- Off balance sheet accounting treatment*
- Full benefit for the life of the asset
- Repayments tailored to suit your cash flow
- No disposal delay or cost; no residual value risk
BE Deferred
Ideal for companies where investment in new equipment will not generate immediate income, or those going through a transition, BE Deferred offers all the benefits of Contract Hire but with a full quarter at the beginning of the contract that is payment free. Whether you are setting up a new distribution hub or just replacing existing assets, Briggs Finance allows your business the time to bring your assets up to 100% performance and earning money for you before you start paying for them.
- 3 month payment holiday at the start of the lease period
- Protect cash flow at start of contract
- Fixed cost provides better cash flow planning
- Rentals can be off set against taxable profits
BE Advanced
To ease cash flow challenges when new investment is being deployed in addition to the benefits of Contract Hire, through BE Advanced we can provide additional funding to offset installation costs or the termination costs of your existing equipment supplier. What better way is there to fund the ancillary cost?
- Up to 10% cash injection at the start of the hire contract
- Off balance sheet finance
- Fixed costs allow certainty in budgeting
- Increased funding options allow your business to grow
Other financing options are also available should these be more suitable to your business requirements.
*Subject to applicable accounting standards
We don't just finance forklifts
We’re always willing to discuss any ideas you’re considering for your business.
Whether you need to lease additional assets such as powered access, industrial cleaning or specialist warehousing equipment, Briggs Finance has the strength and flexibility to support your business objectives.
- Are you looking for headline figures to build a proposal for Board approval?
- Is your business poised for expansion and needs more competitive financing to make it happen?
- Do you want a quick decision to keep the momentum of your business going?
Get in touch to discuss your requirements and find a finance solution for your new machinery
Case Studies
Unilode Aviation Solutions go green with electric trucks from Briggs
Unilode Aviation Solutions are one of the leading service suppliers to the aviation industry. As part of a project across multiple sites, they required an overhaul of their existing materials handling fleet.
Briggs Equipment delivers new equipment to paper specialists
To help improve efficiency and productivity within their warehouse environment, paper manufacturing specialists, Brown Brothers Group have taken delivery a new forklift fleet from Briggs Equipment.
Crendon Timber invest in electric trucks from Briggs Equipment as part of sustainability drive
Crendon Timber Engineering recently introduced their own sustainability targets, which aim to reduce their environmental impact through investment in green technology and processes.
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