Short Term
Business Loans

Our short-term business loans are designed to get you back on track with a quick injection of up to £25,000. Find out how a Nucleus short-term business loan can help transform your business’s immediate cash flow.

Apply for a short-term business loan
£3k to £25k
Three-month terms available
Rapid funding in 24 hours

Short-term business loans explained

Short-term business loans are designed to help businesses boost their capital for a short period. If you run a business and are looking for help with cash flow, whether it’s to pay for an unexpected cost or invest in expansion, but you don’t want to use your working capital as it could impact day-to-day operations, a short-term business loan could be the solution you’ve been looking for. A short-term business loan is just that, a loan that is repaid over a shorter duration.

What can short-term business loans be used for?

There are myriad reasons your company need a quick short-term business loan. Whether you run a start-up, an established business, and where you are in your growth cycle will all impact why you need a loan. Here are just some of the reasons why a short-term business loan may be needed:

Incorporation fees

Starting a business involves several fees, including registering with Companies House.

Business expansion

Expanding your premises, moving to a new one or even opening a second branch all require additional capital.

Business emergencies

Sometimes life throws unexpected curveballs your way. A short-term business loan can help you handle whatever is thrown at you, without impacting the long-term success of your business.

Recruitment and training

Recruit the right people and ensure they understand your values with the right training.

Marketing strategies

It takes money to make money and implementing a robust marketing strategy is an essential part of any business.

What are the benefits of a short-term business bridge loan from Nucleus?

Quick and easy

As a short-term business loan lender, we’ve made borrowing money quick and easy. If you’re accepted, our short-term business loan could be deposited into your account in 24 hours.

Flexible terms

We know that no two businesses are the same, which is why we offer flexible terms on all our short-term loans. Find a loan that suits your needs with Nucleus.

No early repayment fees

Unlike many lenders who charge a fee for early repayment, we don’t! You can pay off your business finance early at no extra cost.

How to apply for a short-term business cash flow loan

1

The journey begins

Complete our simple application form.

2

Receive an offer

Within a couple of minutes, you’ll receive an offer thanks to our award-winning technology.

3

Sign your documents

Once we’ve emailed your documents, simply sign them at any time using any device and send them back to us.

4

Receive your funds

Get the short-term business loan straight into the account of your choice on the same day.

5

You make it happen

The rest is up to you. Decide when, where and how to spend your funds and transform your business!

Get your Short-term Loan

Applying for a Short-term Business Loan

Eligibility

  • Proven profitability in recent accounts
  • Minimum 3 years trading history
  • Registered in England or Wales
  • Homeowner in England or Wales

Documents

  • 3 months’ business bank statements
  • Full set of business accounts
Apply Now

As a fast-growing business, Nucleus is one of the best short-term business loan lenders in the UK. With over £2 billion already loaned to SMEs just like yours, you can rest assured that you’re in good hands when you choose Nucleus.

We’ve made it our mission to help small businesses have access to the funds they need. We’re here to help support you flourish and grow and love celebrating your success, which is just one of the reasons why we don’t charge you if you repay your loan early. Here are just a few more reasons you should choose Nucleus as your short-term business loan lender.

Friendly experts

Our team are experts in business finance and banking, but they’re super friendly too and always on-hand to answer any burning questions you might have.

Flexible terms

We know that sometimes life can throw up the unexpected, which is why we offer flexible borrowing and repayment terms, with short-term business loans up to £25,000 repayable from 3 months.

Rapid service

Applying for a short-term business loan is simple and you can be accepted in minutes thanks to our award-winning technology. You can even receive your funds the same day!

Short-term business loans are ideal for those times when you need an injection of cash but don’t want to be tied up in repayments over a long period. There’s also a number of other benefits of a short-term loan.

Addressing seasonal cash flow

Short-term business loans are great if you operate a seasonal business or if you’ve been affected by something outside of your control, like Covid-19 or Brexit. Cash flow financing from us during these tighter periods can help relieve the pressure and be paid off during seasonal peaks.

Accessibility

Short-term business loan lenders like Nucleus are designed for SMEs who fall outside the parameters of traditional funding. This could be because you don’t have the financial history that banks require, or it might be that you have bad credit. Whatever your reasons, we want to help as many businesses as possible, and our short-term business loans are available to all who meet the eligibility criteria.

Unsecured loans

Our short-term loans for small businesses are unsecured, which means you don’t need to put any of your business or personal assets up as collateral.

Short-term business loan FAQs

Our unsecured short-term business loans allow you to borrow up to £25,000. If you require more, we have a whole host of other types of funding that might be more suitable for you.

Short-term loans are designed for the short term, which means lending terms are between three months and one year. If you require a longer term to pay off your loan, one of our long-term loan products may fit your needs better.

Once your application for a short-term loan is approved, you could have the funds deposited into your chosen account within 24 hours.

No! We want to champion small businesses and love it when our short-term business loans can help you out, which is why we don’t charge anything if you pay your loan back ahead of schedule.

Our short-term business loans are designed to be as flexible as possible to meet your business needs. However, if you require more than £25,000 or think you will need longer to repay the loan, you might want to consider our other business loans.

You’ll be eligible for one of our quick Business Cash Advances if you take payments by card, have been trading for over 4 months and are based in England and Wales.

A Merchant Cash Advance can benefit all kinds of businesses, including:rnu003culu003ern tu003cliu003eRestaurantsu003c/liu003ern tu003cliu003eHairdressersu003c/liu003ern tu003cliu003eBeauty salonsu003c/liu003ern tu003cliu003eRetailersu003c/liu003ern tu003cliu003eEcommerce storesu003c/liu003ernu003c/ulu003e

We can offer Business Cash Advances of up to 175% of your monthly card takings, from £3,000 up to £2m.

One of the benefits is that you don’t pay interest or APR on a Merchant Cash Advance. Instead, you’ll pay a single cost which is agreed at the start of the advance. This fee is fixed and won’t change, even if you repay early.

As you pay back a pre-agreed proportion of your card sales, the time it takes for you to repay depends on the value of your monthly card sales. This is different to a traditional loan where you may have fixed monthly payments.

No, you don’t! One of the benefits of a small Business Cash Advance is that you don’t need to provide a security. Whether or not you’re approved for the loan is based on your card sales.

If your application is approved, you could have the funds in your account within 24 hours.

Yes – and there are no early repayment fees.

To qualify for a Merchant Cash Advance, you will need to have been trading for at least four months.

Taking out a cash advance should have no direct impact on your credit score. This is because your lender will normally only do a soft credit check. But it’s worth bearing in mind that if the lender has doubts as to whether you can meet your obligations, they may request a hard credit check. If this is the case, your credit score may be impacted.

Yes, you can. One of the benefits of a Business Cash Advance is that they are suitable for companies with less-than-perfect credit scores. Rather than assessing your suitability using only your credit score, we will look at other factors – such as your monthly card revenue.

Yes, as long as you meet the eligibility criteria, you can apply for a Business Cash Advance with us as a sole trader.

Like any other loan, if you default on a payment, the lender may take action to salvage their loss. If you have provided a personal guarantee, the lender might take possession of the borrower’s assets to recover the cost of the loan.rnrnThat’s why it’s important that you’re able to repay the loan before you accept the offer. If you’re not sure whether a cash advance is right for you, we might be able to help you with u003ca href=u0022https://nucleuscommercialfinance.com/types-of-funding/u0022u003eanother form of fundingu003c/au003e.

Your Merchant ID Number is the number attached to your processing account (i.e. Lloyds/Barclays/Worldpay) and is used to identify your business for card payment processing. It is very similar to an account number on a bank account.

When you apply for a Merchant Cash Advance, you will come across the term ‘factor rate’. This is the multiplier to determine the price of your merchant loan. For example, if your factor rate is 1.4 on funding of £10,000 over twelve months, you’ll pay back £14,000. It is a fixed price and does not fluctuate like interest rates.

When you apply for merchant finance for your business, the split % is the amount of card sales repaid to Nucleus, i.e. 20%. This means 20% of your customers’ daily card transactions will be sent to Nucleus’ bank account as repayment.

A card processer, or acquirer, is a company that provides businesses with card processing accounts/card terminals. Key examples include Worldpay, Lloyds/Cardnet, FDMS/First Data, Barclaycard, Elavon, HSBC/Global Payments, AIB

You should be able to, yes. Most Merchant Cash Advance lenders will be able to work with your existing provider. If not, you may need to swap your current card machine to a different provider.

After you have applied for a Business Cash Advance, the director or sole trader of the business will have to sign a Sales u0026amp; Purchase Agreement (SPA), which states the terms of the agreement. By signing it, you will be providing confirmation that Nucleus will have control of your card receivables throughout the contract.

A guarantee u0026amp; indemnity form is a contract that must be signed by you when you apply for your Business Cash Advance. By signing it, you are providing confirmation that if your business does not or cannot pay, you will personally guarantee any outstanding repayments.

A mandate form is a document that must be signed and completed for each Merchant ID Number (MID) by the customer. It instructs the card processor (i.e. Worldpay) to divert the card terminal revenue into the Trust Account.

Processing statements, also known as card statements or acquirer statements, are monthly breakdowns of the revenue coming through each Merchant ID Number. For example, December 2021’s statement may show you that your business took 20 transactions, which totalled £10,000.

If your business has multiple Merchant ID Numbers (MIDs), then they can sometimes be grouped together under the Head MID/HQ. Any MIDs that sit under the HQ/Head MID are called Outlets.

If you don’t think that a Merchant Cash Advance is right for your business, why not take a look at our u003ca href=u0022https://nucleuscommercialfinance.com/types-of-funding/u0022u003eother types of fundingu003c/au003e? As well as off-the-shelf solutions, we can also offer a customised combination of products, tailored to your needs.

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