Alternative finance provider Nucleus Commercial Finance is extending the maximum term of its cashflow finance product from three to five years following feedback from brokers.
The move, affecting larger loans of more than £75,000, will unlock more competitive pricing from the funder, which has leant more than £1 billion since launching in 2011.
Chirag Shah (pictured), chief executive officer at Nucleus Commercial Finance, said: “We’re seeing an increased demand for cashflow finance, which is enabling businesses to use their finances more effectively to expand their premises or workforce, take their company to the next level or simply fill a cashflow gap. Following feedback from our broker network, we’re excited to be improving our offering to provide better and more competitive solutions for our customers.”
