Briggs Equipment has launched an asset finance division called BE Finance.

BE Finance will provide asset finance for forklifts, production equipment, and warehouses, with Hyster and Yale materials handling equipment.

The asset finance division of the equipment provider will seek to offer funding tailored to support the growth ambitions of its business customers, according to Briggs Equipment.

Peter Jones, managing director of Briggs Equipment, stated that BE Finance could better meet the changing requirements of businesses.

Jones said: “They have grown weary of the burden of dealing with multiple suppliers and are keen to do business with providers who can operate as a ‘one stop’ complete resource.

Briggs Equipment said that BE Finance will support this approach, and ‘simplify’ the process through the absence of third parties.

BE Finance plans  will be based around contract hire and incorporate additional benefits. These include the flexibility to off hire equipment early if its customer's needs change; an upfront payment holiday to help protect cash flow; an initial cash injection to offset installation costs or termination costs levied by the existing equipment supplier.

Jones added: “BE Finance is unique in our marketplace. It is a cornerstone of our ‘one stop resource’ approach to total asset management, purpose designed to make it easier for businesses to grow.”