Nucleus Commercial breaks £1bn lending barrier

In 2018, Nucleus provided £282m to businesses, an increase of 80% since the start of 2016.

During Q4 2018, the Nucleus team delivered it’s strongest quarter to date lending a total of £16.3m across it’s secured and unsecured loan products - an increase of 73% from the same period in 2017.

The newly launched portal, designed specifically for brokers, also saw over 900 applications for finance in its first two months.

Chirag Shah, CEO of Nucleus Commercial Finance, said: “Since 2011 we have worked hard to support UK SMEs, providing the financial products they need, when they need them. I’m very proud to announce that we have reached (and now exceeded) such a fantastic milestone. It is testament to the efforts of the entire team and a real spur for us to continue supporting businesses.

“This is a transitional time for our business and we’re already looking ahead to lending our next £1 billion with our multi-product offering and investment in tech being central to delivering this. With half of SMEs not thinking to use external finance to grow their business we have to continue to demonstrate the positive impact additional finance can have on business. We can fund from £5,000 to £50,000,000, and our approach is not to categorise businesses, but instead assess them individually. We look forward to working with many more businesses in this way to reach our £2 billion milestone!”