30 November 2023

Nucleus Commercial Finance secures £200m funding facility from NatWest

Written By FinTech Alliance

Nucleus Commercial Finance secures £200m funding facility from NatWest

UK SME lender Nucleus Commercial Finance has secured a funding facility of up to £200 million from NatWest to fuel its business loans.

In brief:

- The company’s offering allows UK SMEs to access up to £2 million, with the lender’s AI-led automated efficient underwriting system.

- Nucleus says this new facility, will bring its total lending capacity to date to £900 million, helping the firm support more than 2,000 small and medium-sized UK businesses

What does this mean?

“Through investments in tech, including embracing AI and the open banking/open accounting initiatives, we’ve managed to overhaul our entire lending process and now 96% of our decisions are made in under one minute,” claims Chirag Shah, CEO of Nucleus.

Read more here

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