Situated in Birmingham’s prestigious Jewellery Quarter and fast approaching its ten-year milestone, this business had been thriving and looking forward to exponential growth… that is, of course, until the Coronavirus pandemic hit, changing lives and businesses forever.
Experts in sourcing and supplying handmade gold jewellery, this company found themselves faced with the challenge of surviving the bleak months that followed the UK’s first lockdown. With no immediate end to the restrictions in sight and no closer to resuming normality, they approached Nucleus in the hope of securing a CBILS loan.
This viable business needed access to a bigger cash pot as the store was forced to shut and we were more than happy to help. After understanding exactly what this customer wanted, we got the ball rolling quickly and provided a £250,000 CBILS loan, to be paid back comfortably over a 6-year period.
With a funding facility in place, this business was able to successfully navigate the difficult period ahead, ready to continue supplying the leading London retailers they proudly work alongside.
When asked about the process with Nucleus, our customer said: “Working with Nucleus was excellent. Rex was very calm and helpful throughout. The process was quick, efficient and Nucleus provided support as we required it and to our business demand. Most of the process was done online so it made life much easier.”
We’re thrilled that we were able to support so many amazing businesses through a global crisis as an accredited CBILS lender and we plan to do exactly that once again through the government-backed Recovery Loan Scheme.
Most of the process was done online so it made life much easier.
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.