Getting a business loan can give you the financial support you need in a variety of situations. In fact, as long as your SME loan is spent on your business, we’re pretty flexible about how you use it. Working capital
Over 1/3 of SMEs use finance to boost working capital or cashflow, maintain business as usual or cover gaps in funding
New premises
Could a cash injection help you move to a new location, open an additional store or improve your existing facilities?
Unexpected bills
When disaster strikes or expenses mount up, secured SME funding can get your business back on track
Management buyout
Need to bring about real change? Financial support can facilitate a management buyout or buy-in
Start-up capital
You could use a secured new business loan to cover setup costs and get your idea off the ground
Growth
Other common uses of secured business loans include staff hires, training, new stock, equipment and marketing
Larger loan amounts
Offering your property as security can unlock higher amounts of business finance than you might get with less valuable assets or none at all. It’s the perfect business loan if you need to make a significant investment in growth or cover a long-term funding gap.
Better business loan rates
Most UK property finance agreements offer better interest rates as the value of your property means there’s less risk for the lender if you can’t make your repayments. In return, you’ll pay back less overall than with other types of business lending.
Accessible
Parliament research shows 41% of SMEs don’t think they’d be accepted for a business loan. But with the focus on your asset, property finance is among the best business loans available if you don’t fit standard lending criteria or have a poor credit history. You can also use your residential property if you lack fixed business assets.
Suitable for a range of businesses
The nature of this finance means any company with residential or commercial property can apply for a business loan. It’s not restricted to certain sectors or ages. And with short to mid-term SME finance available, it can suit various business plans and preferences too.
At Nucleus, we combine the financial expertise and credit facilities of traditional banks with the speed and flexibility of an alternative business funding provider. We’ve already lent over £1bn to UK SMEs – and yours could be next.
Range of SME funding
Get from £25,000 to £20m to support or grow your business
Fast service
Apply online in minutes and get a quick decision
Flexible business lending
Choose from short to mid-term borrowing options of three months to seven years
Friendly approach
Let our in-house experts guide you through the process
Term loans
Secured, fixed-term UK business loans of up to seven years in length. We’ll transfer your loan in full then collect repayments in manageable monthly instalments. This type of business finance is ideal for borrowing large sums of money, whatever the purpose.
Bridging loans
Secured, short-term business loans of up to two years. This solution is designed to bridge a gap if you have a clear plan for financing but need support in the meantime. You’ll repay the loan and interest in one ‘bullet payment’ at the end of the loan term.
Interest-only loans
Secured, fixed-term loans of up to five years, repaid in monthly interest payments and one large sum in the final month. Due to the minimal monthly repayments, our interest-only UK small business loans are ideal if you need start-up funding or as much free working capital as possible.
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David Grosse | Managing Director, Number Eight Business Finance