Nucleus Commercial Finance Milestone: Lends £350 Million in 2017

Online balance sheet lender, Nucleus Commercial Finance, reportedly lent £350 million in 2017. Founded in 2011, the lender revealed its platform was created in order to provide UK SEMs with alternative funding options. It was revealed:

“At Nucleus, we combine the stability of bank finance with the flexibility and speed of fintech platforms. We’re completely transparent, won’t mask hidden costs with low-interest rates, and we aren’t going to penalise the businesses we support with unforeseen charges. A fixed upfront fee, fixed monthly payments – that’s it.”

According to P2PFinanceNews, Chirag Shah, CEO of Nucleus Commercial Finance, reported that the lender’s commitment is to customer service and is dedicated to finding finance that fits. Speaking of the company’s growth and development, Shah stated:

“This has enabled us to grow to more than 100 staff internationally, setting us up for further success in 2018. We are looking forward to continuing to innovate to better serve our clients in the year ahead.”

The news of Nucleus Commercial’s 2017 achievements come just a little over a month after the lender announced it will be offering a range of specialist products for the education sector. As previously reported, the education finance portfolio was designed by Nucleus to allow education providers the ability to receive advances and secure a line of credit against their funding payments from the Government. Nucleus is also offering property and term loans, and overdrafts. Shah explained at the time:

“Although education is relatively uncharted territory for Nucleus, this is clearly a fantastic opportunity and by adding the excellent experience of Phillip, the education sector will benefit greatly from the Nucleus mindset.”

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