Nucleus enhances business growth loans
Nucleus Commercial Finance has enhanced its business growth loans, with the intention to support more UK SMEs.
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.
Business growth loans are powered by Nucleus’ technology, enabling SMEs to apply, get decisions and receive funding within hours.
The enhancements 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 business growth loans applications to the myNucleus portal. Businesses can also directly apply via Nucleus’ website.
Chirag Shah (pictured), chief executive of Nucleus Commercial Finance, 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.”