Briggs Insight | How we’re using our flexible finance platform to support businesses through the pandemic and beyond
The Coronavirus pandemic has thrown up challenges for businesses across every industry sector. The financial implications of multiple lockdowns and restrictions continue to be felt and the full scale of the damage probably won’t be fully clear for years to come. To help manage these impacts, companies have started to think closely about financial commitments and arrangements across all areas of their business.
Financing has long been a method that businesses use to help balance cashflow whilst still being able to access the industrial equipment they need to manage demand and workflow. Through it’s in-house financing facility (Briggs Finance) Briggs Equipment has been able to provide fast, flexible and impactful support to its customers, which proved hugely beneficial to companies who had an uncertain future during the first lockdowns and needed to manage their resources carefully. In addition to businesses who were struggling during that time, Briggs also supported customers who were designated as ‘Essential Business’ and needed additional equipment to help cover a significant increase in demand.
Having the capability to flex and help businesses both survive and thrive is what really sets Briggs Finance apart. Inflexible financing agreements are unsustainable and unsuitable for today’s world, which is why more and more businesses are moving away from traditional lenders and towards an in-house system such as Briggs Finance that can adapt as and when required.
Leigh Edgley, Briggs Equipment’s Group Sales and Marketing Director commented: “We’re proud that throughout the Coronavirus pandemic we have stood side by side with our customers to ensure they could keep business moving. We’ve worked collaboratively with our customers over a number of years to develop the Briggs Finance facility and whilst nobody could have predicted the events of the last 18 months, the core principles of the service have proved invaluable to many businesses.
“The adaptability we have demonstrated throughout these challenging times has helped us forge even stronger partnerships with our existing customers and attract new business. Each agreement within Briggs Finance is completely tailored to a customer’s individual circumstances and as an in-house platform there are no set-up or arrangement fees or third-party involvement
“Of course, Briggs Finance isn’t just there for businesses during difficult times. Its main function is to support ongoing growth and development to help our customers thrive. As a company evolves over time, the requirements they have for industrial equipment will also inevitably change. By being able to make quick and informed decisions on finance agreements, we’re enabling our customers to access the industrial equipment they need when they need it most. Briggs Finance is also able to create agreements that extend across our diverse product range, so whether you need to lease additional assets such as powered access, industrial cleaning or specialist warehousing equipment, we have the capability to support your objectives.”
To find out more about how Briggs Finance can help support the growth and development of your business, call us on 03301 23 98 50 or email: [email protected]