Turners strengthens ties with MTF by funding its first non-recourse loan product

Mon, 14 Nov 2016

By Jonathan Underhill Nov. 15 (BusinessDesk) - Turners, the financial services firm formerly known as Dorchester Pacific, has strengthened its ties with Motor Trade Finance by funding a non-recourse loan product that will allow MTF’s franchisees and dealers to sell vehicles to people with a higher credit risk. MTF chief executive Glen Todd said in a statement that about 90 percent of the loans were expected to be for consumer purchases of motor vehicles, with the balance for commercial lending such as on trucks and machinery. "The addi...

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