NUCLEUS Commercial Finance lent over £350m to UK small- and medium-sized enterprises (SMEs) in 2017.
It means the alternative finance provider has lent over £700m to UK SMEs to date, expanding on the £500m lending milestone it reached in March last year.
The company also doubled the size of its team; launched its Education Finance and Business Cash Advance products; and increased its maximum offering in asset-based lending to £50m.
In the first three weeks of 2018, Nucleus has funded a chemical distribution and manufacturing group with an £11m invoice finance facility. More than 60 deals have already been completed across Property Finance, Cash Flow Finance and Business Cash Advance.
Chirag Shah, chief executive at Nucleus Commercial Finance (pictured), said the company’s commitment to customer service and dedication to “finding finance that fits” meant yet another year of growth.
“This has enabled us to grow to more than 100 staff internationally, setting us up for further success in 2018,” he said. “We are all looking forward to continuing to innovate to better serve our clients in the year ahead.”