Nucleus business loans review 2024

Nucleus Commercial Finance aims to merge the lending power of a regular bank with the speed and flexibility of a challenger. Here's our analysis of its business loans. Loans amounts from £3,000 to £2,000,000 between 3 and 72 months.

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Nucleus business loans comparison

Nucleus business loans

Name Product Finder Score Loan type Loan amounts Loan terms Turnover/trading criteria Key benefit
Nucleus Revenue Based Loan
Not yet rated
Fixed rate loan
£3,000 to £30,000
3 to 12 months
No specified minimum turnover,
4 months trading
Nucleus Unsecured Business Loan
Not yet rated
Fixed rate Unsecured loan
£3,000 to £2,000,000
3 to 72 months
No specified minimum turnover,
12 months trading
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How does Nucleus compare to other popular business loans?

Name Product Finder Score Loan type Loan amounts Loan terms Turnover/trading criteria Key benefit
Nest Asset Finance
3.5
★★★★★
Fixed rate Unsecured Asset finance loan
No specified loan amounts
No specified loan terms
No specified minimum turnover or time trading
Portman Finance Business Loan
3.9
★★★★★
Fixed or variable rate Asset finance loan
£10,000 to £2,000,000
3 to 72 months
£100,000 annual turnover,
1 year trading
Representative example: Borrow £30,000 over 3 years at a rate of 7.26% p.a. (fixed). Total payable £36,537.84 in 36 monthly repayments of £1014.94.
iwoca Flexi-Loan
3.8
★★★★★
Variable rate Unsecured loan
£1,000 to £500,000
1 to 24 months
£25,000 annual turnover,
6 months trading
Your business loan rate varies based on your circumstances. Interest applies only to your outstanding balance on days you use the loan – there are no early repayment fees. Limited companies only.
Representative example: Borrow £10,000 over 12 months at a rate of 40% p.a. (variable). Representative APR 49% and total payable £12,294.
iwoca
3.8
★★★★★
Variable rate Unsecured loan
£1,000 to £500,000
1 to 24 months
No specified minimum turnover or time trading
Your business loan rate varies based on your circumstances. Interest applies only to your outstanding balance on days you use the loan – there are no early repayment fees. Limited companies only.
Representative example: Borrow £10,000 over 12 months at a rate of 40% p.a. (variable). Representative APR 49% and total payable £12,294.
Nest Unsecured Business Loan
4.0
★★★★★
Fixed rate Unsecured loan
£10,000 to £5,000,000
No specified loan terms
£200,000 annual turnover,
12 months trading
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What is Nucleus Commercial Finance?

Nucleus Commercial Finance was created in 2011 to help UK-based small and medium-sized businesses find alternative sources of finance. It now employs around 200 people and claims to be flexible and 100% transparent, including on any potential penalty charges. Borrowers pay an initial set-up fee and fixed monthly payments. It provides bespoke finance plans for property, construction, invoices and cash flow.

Quick overview of Nucleus business loans

Minimum trading period 12 months
Loan terms From 3 to 72 months
Loan amounts From £3,000 to £2,000,000
Minimum turnover Not specified

What types of business finance does Nucleus offer?

  • Unsecured. Security free loan with flexible loan amounts and terms.
  • Cash Flow Finance. A competitive cash flow injection that covers day-to-day business operations.
  • Business Cash Advance. This provides funding for virtually any business-related purpose.
  • Invoice Finance. This is an advance given to buffer your cash flow while you wait for a client to pay an invoice. It’s a way of ensuring that your business isn’t held back by clients delaying their payments.
  • Property Finance. This allows you to use property as collateral for a secured loan and as a result, borrow greater sums of money.
  • Education Finance. These are schemes that are designed for education providers and include access to EFSA instalments, outsourced credit control, cash flow management and more.
  • Asset Finance. This is funding allowing you to invest in the machinery or equipment that your business needs to get to the next level.
  • Construction Finance. This is a cash flow funding product designed for contractors and sub-contractors working in the construction industry.

Key features of Nucleus business loans at a glance

  • Loan duration. The duration of the payment plans spans from 3 months to 8 years.
  • Security. Secured and unsecured business loans are offered. If you’re going for a secured loan, your assets may be used to repay debt if you are not able to make your repayments. This could potentially result in your home being repossessed.
  • Fixed monthly repayments. You will pay the same monthly fee throughout the duration of your payment plan.
  • Option to take a repayment holiday. This is not explicitly stated on the website, so you’ll need to ask Nucleus about this option.
  • Quick decision. When applying for a loan, you can expect to receive an answer within 24 hours.
  • Repay your loan early at any time. No matter how early you pay off your loan, you won’t be hit with financial penalties.
  • Set-up fees. Nucleus charges a set-up fee. The exact amount differs depending on the particulars of the loan in question.
  • Preferential rates for existing customers. Nucleus isn’t a bank so this option doesn’t apply.

Nucleus Commercial Finance customer reviews

Nucleus Commercial Finance has received mostly positive reviews from customers on the review platform Trustpilot, where it currently has an “excellent” rating of 4.8 out of 5, based on over 280 reviews (updated May 2022).

Some customers cited that the loan process was quick and efficient, while others suggested the customer service was poor and communication was difficult.

Am I eligible for a Nucleus business loan?

If you’re certain you can make your monthly payments, it’s worth exploring the eligibility criteria before you apply to Nucleus.

Nucleus has not published information about its lending criteria. So we’ve put together the following list as a guide – it’s based on the criteria set by similar companies.
  • You have been trading as a business for at least two years.
  • Your firm is a sole trader, partnership, limited liability partnership or a limited company. It also must be registered at Companies House if it applies to your business.
  • Your business has a valid UK bank account.
  • Your business’s premises are in the UK.
  • Your company has a good and clean credit history.
  • Neither you nor any of the your company’s directors, shareholders or members has had an individual voluntary arrangement at any time within the last six years.
Nucleus hasn’t stated its official requirements so this is a guide based on similar lenders’ criteria. Contact Nucleus directly for precise details about the assessment criteria.
  • You’re a legal resident of the UK.
  • You’re aged over 18.
  • You have authority (signatory) over your company’s bank account.
  • You have a good and clean credit history.

How can I apply?



If you want to apply for funding, go to the Nucleus’ website and fill out an online application form.

Customer reviews

Nucleus has an ‘average’ rating on Trustpilot with a score of 3.6 based on over 270 reviews (updated May 2024).

Customer support

You can contact customer support by calling 020 7839 1980 or you can e-mail Nucleus on contact@nucleus-cf.co.uk.

Frequently asked questions

General

Cash Flow Finance

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables has the source: Moneyfacts Group PLC. In other cases, Finder has sourced data directly from providers.
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