Nucleus Commercial Finance

Who is Nucleus?

Founded in 2011, Nucleus Commercial Finance is a fast-growing business which offers businesses the chance to grow by lending amounts between £3,000 all the way up to £50 million.

Their range of products is designed to suit businesses of all sizes and to provide them with the finance that they need to flourish. Nucleus offers the stability of a bank while still providing the flexibility and speed that SMEs need.

What type of business funding does Nucleus offer?

Nucleus offers a wide range of loans to suit all SMEs including Asset Based Lending in order to be as flexible as possible.

Their range of loans include:

• Cash Flow Finance - An unsecured loan of up to £150,000
• Property Finance - A secured loan, backed by your property, ranging from £25,000 to £20,000,000
• Business Cash Advance - An advance based on your debit/credit card takings. You may borrow up to 125% of your monthly card volumes, from £3,000 to £150,000 upwards.

The range of Asset Based Lending includes:

• Invoice Financing - Access funds rather than wait for outstanding invoices to be paid
• Asset Based Lending - Funding lent against business assets
• Construction Finance - Finance tailored to contractors or subcontractors
• Education Finance - Funding for education providers

How do you apply and qualify for funding with Nucleus?

The lending process and response times will vary depending on which option you apply for, but once approved, you will be able to receive your funds within 24 hours. For example, to be eligible for ‘Cash Flow Finance’, you will need a minimum of 3 years trading accounts, proven profitability in recent accounts, to be a homeowner and registered in England and Wales.

The first part of the process will happen once you contact Nucleus and request a sum. This is followed by a telephone consultation to confirm that your business is eligible. You’ll then need to provide relevant documents to Nucleus and await your offer. These documents typically include 3 months of business bank statements and/or a full set of business accounts. Once this offer is accepted, the funds will be transferred quickly.