CommercialFleet

Moneybarn launches light commercial vehicle loans

Moneybarn

Moneybarn has launched a new product offering finance for light commercial vehicles (LCVs) aimed at customers with a poor credit history.

The company says the move into LCVs is as a result of feedback from customers and brokers.

"Moneybarn believes that there is a growing demand from customers who cannot access finance for their LCV from mainstream funders," says Shamus Hodgson, commercial director at Moneybarn.

Finance will be available to those who are self-employed, sole traders and private buyers with non-standard credit history.

Finance terms will range from three to five years, subject to status, with a minimum loan of £5,000.

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