FAQs

Business Growth Loans

Yes, our Business Growth Loans are to enable UK businesses to restart/expand trading and an existing CBILS loan does not disqualify you.

The minimum amount you can borrow with a Nucleus Business Growth Loan is £3,000.

The maximum amount you can borrow with a Nucleus Business Growth Loan is £25,000.

Our Nucleus Business Growth Loans come with terms of 6 month.

To qualify for a Nucleus Business Growth Loan, you need to be trading for at least 18 months.

If your application for a Nucleus Business Growth Loan is approved, you could have the funds in your account within 24 hours.

Yes, our Business Growth Loans are only open to homeowners in England and/or Wales.

Yes, our Business Growth Loans require Personal Guarantees. These need to be from Directors/Shareholders of the business applying for funding. At least one Guarantor needs to be a home owner in UK.

Subject to good trading performance and timely repayments, businesses can apply for a top-up once 2/3rd's of the monthly payments have been made.

Considering the short term nature of the loan, the borrowers will need to make all outstanding monthly repayments. There are no additional charges.