Looking for assistance with running your business during the Coronavirus pandemic? View our Coronavirus Hub
The Coronavirus Business Interruption Loan Scheme is now closed to new applications.
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.
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.
Amount approved
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.
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.
Dependent on the product you are applying for this process will vary. Once the terms are agreed you will proceed to the final stage.
In as little as 24 hours (dependent on product), once everything is agreed, you will receive the funds in your business bank account.
"a supportive lender that understood the urgency.” ...
What we see with Nucleus is stability and an organisation that wants to work with us long term....
“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....
Importantly Nucleus were very supportive and personal. They regularly reviewed what we needed and helped with any restrictions....
“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”...
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....
Nucleus offered a flexible solution that allows us to have other sources of funding where appropriate....
I would recommend working with them to other business owners, the team is great....
“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."...
“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.” ...
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....
Nucleus demonstrated a detailed understanding of our industry, and how to fund contractual debt....
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....
As a lender Nucleus are very good. What they offered, I'd definitely do it again it's helped my business move forward....
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
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.