Wells Fargo Distribution Finance, part of Wells Fargo & Company, has extended its floorplan financing program with Briggs & Stratton’s Turf and Consumer Products Group. The agreement will support more than 1,800 dealers globally.
“It has been really exciting to participate in Briggs & Stratton’s growth story for the past 10 years, and we’re thrilled to continue this relationship which goes far beyond just a floor plan program,” says Mike Horak, head of outdoor products for Wells Fargo Distribution Finance.
“Since the inception of this program,” he continues, “we have worked with Briggs & Stratton to expand their business into different areas of the world, and through this process we’ve been able to witness firsthand the impact they’ve had on the industry. We are grateful for the opportunity to support them through this next phase.”
Distribution Finance has served as Briggs & Stratton’s preferred floor plan financer since 2011.
“What differentiates Wells Fargo is their deep domain expertise, strong data analytics and innovative technology, which has helped enable us our significant growth over the past decade,” says Rick Schadt, director of dealer finance for Briggs & Stratton. “We are pleased to continue this relationship and excited for what the future holds.”
With this financing, Briggs & Stratton will continue to build out its network of dealers, comprising some of the most well-known brands in the outdoor power equipment space, the company states.
BRIGGS & STRATTON