Nucleus Commercial Finance updates business loan growth product

Nucleus Commercial Finance has announced enhancements to its business growth loan product initially launched in March.

This decision was made with the goal of supporting more SMEs as lockdown restrictions are eased.

Following high demand for the product, the maximum term length has been extended from six to 12 months, and the upper limit has been raised from £25,000 to £50,000.

The changes are part of the lender’s commitment to enable businesses to access immediate and flexible financial support in the ongoing challenging environment. 

Brokers will be able to submit applications via the myNucleus portal, as well as directly through the Nucleus website. 

SMEs are able to apply, get decisions and receive funding within hours through the use of fintech, including automated decisions made possible by machine learning and AI.

Chirag Shah, CEO at Nucleus Commercial Finance (pictured above), said: “At Nucleus, we’re committed to providing SMEs with access to fast and flexible finance solutions and these enhancements are testament to this. 

“Due to increased demand, we’ve implemented these changes to enable more businesses to access support when they most need it, and timed it with the recent lifting of restrictions to ensure we can help all those that are now open and preparing for summer trade.”


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