Nucleus Commercial Finance enhances cash flow product
Nucleus Commercial Finance has made enhancements to its cash flow finance product, responding to feedback from brokers.
The upper limit of the product has been raised and businesses can now borrow between £25,000 and £200,000 over the short to mid-term.
This update comes shortly after Nucleus increased the maximum term length from three to five years, which is available to those businesses looking to borrow over £75,000.
Chirag Shah, chief executive at Nucleus Commercial Finance, said: “Demand for cash flow finance is growing, and we expect this trend to continue as uncertainties around Brexit reduce and businesses start investing and planning for growth.
“Whether it be to help even out seasonal peaks and troughs, to mitigate the impact of long payment terms, or to expand a business, this product can enable businesses to achieve their strategic goals.
“Following feedback from brokers we’ve made our offering increasingly flexible to provide more competitive solutions to our customers.
“Ultimately, it’s our duty as an alternative finance provider to help UK SMEs thrive by finding flexible options that suit their needs.”