We are now accredited for CBILS via the British Business Bank and ready to support businesses with their cashflow during COVID-19. With loans between £50,001 up to £250,000, your business can borrow what it needs with no repayments for the first 12 months.
A CBILS loan from Nucleus can help you combat a lack of revenue, pay invoices or address any other funding gap and help to stabilise your business.
The Coronavirus Business Interruption Loan Scheme (CBILS), is designed to support the continued provision of finance to UK smaller businesses (SMEs) during the Covid-19 outbreak. The scheme which is partially guaranteed by the Government, enables lenders such as Nucleus Commercial Finance to provide funds to smaller businesses across the UK who are experiencing lost or deferred revenues, leading to disruptions to their cashflow. It supports a wide range of business finance products, including term loans, overdrafts, invoice finance and asset finance facilities.
In addition there are no guarantee fees for SMEs to access the scheme. The Government will make a Business Interruption Payment to cover the first 12 months of interest payments and fees charged in the first year, allowing businesses to benefit from no upfront costs and lower initial repayments.
The borrower always remains 100% liable for the debt.
Since the start of the COVID-19 pandemic, we are proud to have lent over £170M in funds to SMEs across the country
Lent via CBILS
Our range of products means that you will always find a financial solution to suit the needs of your business. Whether that's a secured or unsecured business loan, an invoice finance or asset based facility, or a combination, our experts will get to know your business and deliver a finance solution that fits.
It is a good idea to think through the amount you need, what you will use it for and prepare your documents like bank statements and accounts.
Dependent on the product you are applying for this process will vary. Once the terms are agreed you will proceed to the final stage.
In as little as 24 hours (dependent on product), once everything is agreed, you will receive the funds in your business bank account.
Nucleus offered a flexible solution that allows us to have other sources of funding where appropriate....
Our experience with Nucleus was excellent. Jo was really helpful, really fast and I was actually surprised at the speed of it all....
As a lender Nucleus are very good. What they offered, I'd definitely do it again it's helped my business move forward....
I couldn’t believe it when Nucleus said they could do it in 7 days! Their competitive pricing and level and speed of service beats our bank hands down....
“Thanks to Nucleus, I have the funding I need to expand my business and offer a better service to my customers. Paul and his team were very easy to work with."...
“Thanks to Nucleus we’ve been able to employ more people, take on more work and are now turning over £400,000 a month. We are profitable once again and this is crucial to the company....
We are pleased to partner with Nucleus and very excited about their new product range: being able to work so closely with our lender, allows our clients to benefit from seamless funding solutions....
I always recommend Nucleus for other businessesbecause we had a really good result for what weneeded. BCA makes it easy how we pay back, andwe don't have to worry about a big amount in theend of the m...
“Nucleus has been fantastic to work with: the team is very flexible and proactive, and takes the time to fully understand our business needs - ultimately Nucleus ensures we get paid on time.” ...
"a supportive lender that understood the urgency.” ...
The customer is really happy; I’m very happy; we are all very happy. The whole process was all very simple and once the offer was out, it was completed within a couple of weeks. ...
Importantly Nucleus were very supportive and personal. They regularly reviewed what we needed and helped with any restrictions....
We needed a fresh approach and a lender thatunderstood our business. We put the business out to anumber of people and it became very obvious to usquickly that Nucleus was a really good fit for ourbusi...
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....
I would recommend working with them to other business owners, the team is great....
“We’d heard that Nucleus were flexible and reliable, and we needed a lender who would be able to provide a variety of different finance types – so we set up a meeting”...
We are pleased to support this company in delivering on its growth ambitions. ...
Nucleus demonstrated a detailed understanding of our industry, and how to fund contractual debt....
A Business Cash Advance from Nucleus has allowed us to improve our business, generating more first-time customers and increasing the number of customers who return time and time again....
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