KeyFleet launches finance division

Vehicle leasing and fleet management firm KeyFleet has launched KeyFinance, offering commercial finance to Lancashire companies.

The new division has already secured funding lines with more than 20 banks and funding houses, giving SMEs access to the best rates and giving KeyFinance flexibility in terms of type of funding, asset type and credit status. KeyFinance will also be able to access funding for growing and progressive businesses even when the main banks and traditional lenders have been unable to agree a deal.

KeyFinance is headed by commercial finance specialist Liam Mulligan, who has worked in commercial finance for 14 years. He has arranged deals in almost every sector, including sport, medical, agricultural and leisure and hospitality.

The new venture occurred as the result of a chance meeting with KeyFleet managing director Marc Mcloughlin at a BNI event.

Marc said: "Liam has the drive and expertise to lead KeyFinance and our existing customers are very receptive to the fact that we can now help them in a broader way.”

Liam added: “KeyFleet looks after thousands of businesses for fleet and their sourcing and funding of cars or vans. A lot of these clients now want to fund HGV, forklifts, warehouses, invoices and more, so it’s great that we can help on other levels. "We hand-hold all our clients from the beginning and always go out to see them, so we build trust and gain a deep understanding of their business quickly.”