Prestige Funds’ lending partner specialises in loans to the important UK SME sector
Nucleus Commercial Finance, the lending partner of private debt funds specialist Prestige, has surpassed GBP 2 billion in total lending to the UK SME sector. This comes only a year after the company surpassed GBP 1 billion in lending. Last year Nucleus lent over GBP 450 million to UK businesses across its range of loan products, including the UK’s government’s Coronavirus Business Interruption Loan Scheme (CBILS) program.
The CBILS provided finance to mid-sized and larger UK businesses that were suffering disruption to their cashflow due to lost or deferred revenues during the COVID-19 outbreak. CBILS was available
through a range of accredited lenders and partners including Nucleus.
The company’s proprietary AI driven automated decisioning platform enabled Nucleus to process 90%+ loan applications within hours.
Nucleus is one of three specialist lenders that Prestige Funds works with to actively lend in the UK and US SME marketplace.
To read the full press release please click here.