CLIENT STORY

Bakery

KEY FACTS

  • Industry: Hospitality
  • Amount: £160,000
  • Reason: Covid-19 Recovery and New Machinery
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The decision was quick, and funds got transferred within a week.

Managing Director | Bakery

PRODUCTS USED

This family-run bakery was leading the pack when it came to providing quality, handmade goods. Baked to perfection with recipes passed down from generation to generation, their artisan treats and delicacies were always high in demand.

But following the Coronavirus pandemic, things suddenly changed for this Rotherham based business. With redundancies emerging at unprecedented rates, melt-in-the-mouth treats were no longer on the agenda for many, and this once triumphant bakery began to struggle. 

Refusing to be beaten, this business decided to use the downtime to make improvements to their day-to-day operations and realised purchasing new machinery was the best route to take. But of course, new machinery requires money and their cash flow had taken a hit.

After reaching out to a broker and being introduced to Nucleus, they applied for a CBILS loan. We provided an almost instant decision through our online broker platform and this customer had £160,000 in their bank less than a week later.

“The decision was quick, and funds got transferred within a week. The broker team was very helpful and straightforward. Everything was smooth and clear.”

We understand that providing funds swiftly is a priority and thanks to our award-winning technology, we are able to process deals and payout funds faster than ever before. We are growing ever-closer to one-click lending and hope to be able to help thousands of other businesses just like this one to recover from a particularly challenging 18 months. 

DO YOU RELATE TO THIS BAKERS STORY?

Do you have an urgent need for funding to cover an unexpected cost or to finance expansion? Get in touch today to find out how we can help.

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