Logistics & Transport Company

• Client Stories
• /
• Logistics & Transport Company

Nucleus were approached by a family owned logistics and transport business with operations spanning almost 60 years. A well-respected supplier within the transport and distribution industry, they hold one of the largest privately owned fleets in Birmingham which enables them to provide their services nationwide.

With HS2 pushing ahead, it became necessary to move their manufacturing to another site, but as with any relocation, the process can prove to be costly and the business therefore needed access to additional funds.

The company approached Nucleus on a first-choice basis as they were hopeful we could help. After learning more about this logistics business, we decided to offer a £200k unsecured Cash Flow Finance loan which will be repaid over 5 years.

As a Fintech, we constantly strive to incorporate technology into our processes and with this facility, technology, as well as the amount we were able to lend, was key in ensuring the company could move ahead with relocation plans at pace. Our electronic process makes everything easier, quicker and more efficient for your business – you don’t have to wait for documents to arrive in the post and are even able to sign important paperwork online.

Yasmine Holliday, New Business Development Director at Nucleus said: “This leading logistics and transport company approached Nucleus as their first-choice lender and they were impressed with the speed in which we provided terms. We offered this loan on an unsecured basis, meaning we didn’t require debentures and our online process made it very easy for the customer. It is evident we are able to support SMEs with their funding needs and we hope to help many other businesses just like this one in the future too.”