Nucleus Commercial Finance has agreed a £20million back-to-back facility with Lloyds. The facility will enable Nucleus to provide cost effective ABL / invoice finance solutions to UK SMEs and continue its aggressive growth in the market.

Chirag Shah, CEO of Nucleus Commercial Finance, says that the new facility, launched in conjunction with Lloyds Commercial Finance, has the capacity to grow beyond £20 million: "Nucleus has been incredibly effective in delivering cash flow funding for growing businesses, using alternative capital," he explains, "but what this new facility enables us to do is to extend our offering to a wider group of growing businesses, giving them access to funding at a more competitive price. It removes any barriers to doing business with Nucleus, and gives SMEs and brokers greater choice."

Contact Nucleus Commercial Finance for the following funding solutions for your business with no fixed fees and no hidden charges

Invoice Finance

Invoice Finance, whether factoring or invoice discounting, works on the same basic principle: the lender agrees to pay your business an agreed percentage of the invoice value as soon as that invoice is submitted, with the balance being payable when the invoice is settled in full.

With Invoice Discounting, the facility can be confidential and the business maintains control over its sales ledger. Businesses that use Invoice Discounting tend to be larger firms with more advanced in-house teams.

Construction Finance

With Construction Finance we have created an innovative funding solution that is both practical and sustainable. It provides pre-payments against applications, stage payments and milestones for sub-contractors in construction or other industries where contracts with their customers have been a barrier to finance from traditional lenders.

Cash is advanced at an agreed percentage of the outstanding invoice / application value, taking into account the longer contract terms typical within the construction sector. It is typically targeted at businesses requiring funding of up to £2 million (cash out).

Supplier Finance

Nucleus' dedicated Supplier Finance product is targeted not only at construction, but also wholesale distribution, manufacturing, engineering and insurance businesses with turnovers in excess of £20m.

There is no long-term contract involved, so the supplier is not tied to a relationship in which there is no flexibility to move, and the funding is guaranteed. Most importantly, however, there is a fixed, disclosed charge for the service so that the customer knows exactly what they are paying.

Turnaround Finance

When a business is getting back on its feet, one thing in particular is crucial: certainty of funding.

We will structure a plan to help you turn your business around, making the cash available you need, when you need it. It's there when you want it, for as long as you want it. And you will always know what it costs, because with Nucleus there are no hidden charges.