Coronavirus Business Interruption Loan Scheme (CBILS)

We are now accredited for CBILS via the British Business Bank and ready to support businesses with their cashflow during COVID-19. With loans between £50,001 up to £250,000, your business can borrow what it needs with no repayments for the first 12 months.

Whether you need the money to combat a lack of revenue, pay invoices or address any other funding gap, a CBILS loan can help stabilise your business finances.

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£50,001 to £250,000
No interest or fees for 12 months
Up to six years

What Is the Coronavirus Business Interruption Loan Scheme (CBILS) ?

The Coronavirus Business Interruption Loan Scheme (CBILS), is designed to support the continued provision of finance to UK smaller businesses (SMEs) during the Covid-19 outbreak. The scheme which is partially guaranteed by the Government, enables lenders such as Nucleus Commercial Finance to provide funds to smaller businesses across the UK who are experiencing lost or deferred revenues, leading to disruptions to their cashflow. It supports a wide range of business finance products, including term loans, overdrafts, invoice finance and asset finance facilities.

In addition there are no guarantee fees for SMEs to access the scheme. The Government will make a Business Interruption Payment to cover the first 12 months of interest payments and fees charged in the first year, allowing businesses to benefit from no upfront costs and lower initial repayments.

The borrower always remains 100% liable for the debt.

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Since the start of the COVID-19 pandemic, we are proud to have approved over £100m in funds to SMEs across the country

Over £100M

Amount approved

ELIGIBILITY CRITERIA

You might be eligible if:

  • You're a UK resident with a business or registered charity based in the UK
  • Your business was established before 1st of March 2020
  • You can certify that your business has been adversely impacted by coronavirus (COVID-19)

You won't be eligible if:

  • You already have a Bounce Back Loan, You can only apply for one loan through the Bounce Back Loan Scheme and you won't be able to increase the loan amount once it's been approved
  • You already have a Coronavirus Large Business Interruption Loan or the Bank of England's Covid Corporate Financing Facility
  • You're a bank, insurer, reinsurer (but not insurance broker); public - sector body; further - education establishment, if grant - funded; or state - funded school

NUCLEUS FINANCIAL PRODUCTS

Our range of products means that you will always find a financial solution to suit the needs of your business. Whether that's a secured or unsecured business loan, an invoice finance or asset based facility, or a combination, our experts will get to know your business and deliver a finance solution that fits.

Nucleus

Cash Flow
Finance

Cash Flow Finance is a hassle-free, unsecured commercial loan of up to £200,000.
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Nucleus

Property
Finance

A secured business loan backed by your property, from £25,000 to £20m.
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Nucleus

Business Cash
Advance

An advance based on your business' card takings, from £3,000 to £150,000 and above.
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Nucleus

Invoice
Finance

Access funds tied up in outstanding invoices rather than waiting for them to be paid by customers.
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Nucleus

Asset Based
Lending

Funding lent against your business assets, including property, plant and machinery and stock.
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Nucleus

Construction
Finance

Tailored to contractors and sub-contractors, borrow up to £50m against applications and payments.
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Nucleus

Education
Finance

Funding tailored to Education Providers for working capital, growth or apprenticeships.
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How Nucleus Works

1

Make an enquiry

It is a good idea to think through the amount you need, what you will use it for and prepare your documents like bank statements and accounts.

2

Receive an offer 

Dependent on the product you are applying for this process will vary. Once the terms are agreed you will proceed to the final stage.

3

Access funding 

In as little as 24 hours (dependent on product), once everything is agreed, you will receive the funds in your business bank account.

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CLIENT STORIES

Cafe Pacifico

Business Cash Advance

“

A Business Cash Advance from Nucleus has allowed us to improve our business, generating more first-time customers and increasing the number of customers who return time and time again....

”
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Professional Landlord

Property Finance

“

"a supportive lender that understood the urgency.” ...

”
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Terranova Group

Cash Flow Finance

“

As a lender Nucleus are very good. What they offered, I'd definitely do it again it's helped my business move forward....

”
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BusinessOptix

Cash Flow Finance

“

What we see with Nucleus is stability and an organisation that wants to work with us long term....

”
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Expert Tooling and Automation Ltd

Invoice Finance

“

Nucleus offered a flexible solution that allows us to have other sources of funding where appropriate....

”
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MCJ Fabrications

Invoice Finance

“

“Thanks to Nucleus we’ve been able to employ more people, take on more work and are now turning over £400,000 a month. We are profitable once again and this is crucial to the company....

”
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Simple Foods 24 Ltd

Property Finance

“

“Thanks to Nucleus, I have the funding I need to expand my business and offer a better service to my customers. Paul and his team were very easy to work with."...

”
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GSE Group

Asset FinanceConstruction Finance

“

“Nucleus has been fantastic to work with: the team is very flexible and proactive, and takes the time to fully understand our business needs - ultimately Nucleus ensures we get paid on time.” ...

”
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South Essex Stockholders

Invoice FinanceProperty FinanceAsset Finance

“

“We’d heard that Nucleus were flexible and reliable, and we needed a lender who would be able to provide a variety of different finance types – so we set up a meeting”...

”
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Go Pay Care Ltd

Invoice Finance

“

I couldn’t believe it when Nucleus said they could do it in 7 days! Their competitive pricing and level and speed of service beats our bank hands down....

”
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Clifford Health Club

Cash Flow Finance

“

I would recommend working with them to other business owners, the team is great....

”
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Fast-Growing Events Company

Property Finance

“

We are pleased to partner with Nucleus and very excited about their new product range: being able to work so closely with our lender, allows our clients to benefit from seamless funding solutions....

”
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Construction Contractor

Construction Finance

“

Nucleus demonstrated a detailed understanding of our industry, and how to fund contractual debt....

”
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Correct Contract Services

Invoice Finance

“

Importantly Nucleus were very supportive and personal. They regularly reviewed what we needed and helped with any restrictions....

”
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AWARDS

Credit Awards: Lender of the year 2017

Credit Awards: SME Lender of the year 2018

Lending Awards: Best Invoice Finance Provider 2018

British Bank Awards: Best Business Finance Provider 2019

Best Alternative Business Funding Provider 2020

Lending Awards: Best Commercial Lender 2020

IN THE PRESS

business insider
business money
business reporter
minutehack
the telegraph

If you would like to speak to one of our experts, organise a comment or profile Nucleus, please contact our press team using the button below and select 'Marketing & PR' on the drop down list.

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