Nucleus Commercial Finance, an alternative finance provider, has today announced changes to its cash flow finance product, delivering more finance options for the UK’s small and medium sized businesses.
Following feedback from brokers, the original three year product will now be extended to a maximum term of five years. This change is available to those businesses looking to borrow over £75,000. All loans less than £75,000 will continue to have a maximum term of three years.
This increase in term length enables Nucleus’ focus on competitive pricing to continue supporting SMEs across the UK.
Chirag Shah, CEO, Nucleus Commercial Finance comments: “We’re seeing an increased demand for cashflow finance which is enabling businesses to use their finances more effectively to expand their premises or workforce, take their company to the next level or simply fill a cashflow gap. Following feedback from our broker network, we’re excited to be improving our offering to provide better and more competitive solutions for our customers.
“UK SMEs underpin our economy and here at Nucleus we are committed to helping Britain’s businesses thrive, whether that be to support their growth ambitions, improve their infrastructure or to invest in new assets.”