Fintech lender Nucleus Industrial Finance has introduced a brand new £200 million funding line from two main world funding administration corporations.
This funding line will additional improve Nucleus’ capability to assist extra companies throughout the UK.
Nucleus has lent over £1.7bn to 1000’s of UK companies since launch in 2011.
Nucleus Industrial Finance CEO, Chirag Shah, feedback: “As soon as the federal government loan schemes come to an finish later this yr there will likely be a major funding hole within the UK. That is the place Nucleus, as a fintech lender, will proceed to play a significant function to bridge this hole and assist companies by offering the finance they want.
“Securing a facility of this size from two leading investment management firms is a big vote of confidence in our ability to originate, underwrite and service UK SMEs. It ensures we are ready to help SMEs and reinforces the role that fintech lenders are playing in the industry. SMEs are now turning to alternative and fintech lenders as the first point of call due to our innovative solutions and ability to provide funds faster than high street banks. The new funding line will further accelerate this trend and cement our position as the leading fintech for SME finance.”