Nucleus commercial finance Alternatives
This guide lists five UK focused alternatives to Nucleus commercial finance, so buyers can compare speed, eligibility, products, and pricing before applying. Data was generated on 2023-11-01T13:12:00Z; always confirm current terms with the provider.
Quick Compare:
1. iwoca
iwoca provides flexible business loans focused on working capital. It offers fast decisions and quick access to funds, suitable for UK SMEs needing short-term liquidity. The lender also tailors interest rates based on risk and credit profile.
Loan and pricing details
Funding range note: From 1,000 to 1,000,000
Speed: Quick decision; funds within 24 hours
Interest rate notes: Rates start at 1.5% monthly based on risk
Eligibilit
Personal guarantee: May be required depending on case
Homeowner advantage: Not a significant factor
Services and sectors
- Products: term_loan, revolving_credit
- Industries: All
Best for
- Fast access to funds
- Startups
- Low turnover businesses
Pros
- Fast decision
- Flexible terms
Cons
- High interest rates if high risk
Sources: https://www.iwoca.co.uk/business-loan-calculator https://www.iwoca.co.uk/small-business-loans
2. Fleximize
Fleximize offers business loans designed for UK SMEs, providing flexible funding options for growth and cash flow. It caters to established businesses with a need for adaptable loan sizes and repayment terms, often secured on business assets.
Loan and pricing detail
Funding range note: From 5,000 to 500,000
Speed: Decision in 24 hours
Interest rate notes: Varies by loan amount and risk profile
Eligibility
Personal guarantee: Common for unsecured loans
Homeowner advantage: Improves loan approval chances
Services and sectors
- Products: term_loan
- Industries: All
Best for
- Established businesses
- Those seeking large loans
Pros
- Flexible repayment terms
- Quick approval
Cons
- Higher turnover requirement
Sources: https://fleximize.com/business-loans/startup-loans https://fleximize.com/apply
3. LendingCrowd
LendingCrowd specializes in connecting UK businesses with investors through peer-to-peer lending. It provides competitive rates and flexible loan sizes, often used for growth, working capital, or refinancing projects. The service is brokered, offering access to a network of investors.
Loan and pricing details
Funding range note: From 5,000 to 500,000
Speed: Typically a few days for approval
Interest rate notes: Rates set by investor offers on the platform
Eligibility
Personal guarantee: May be required
Homeowner advantage: Helps in securing loans
Services and sectors
- Products: term_loan
- Industries: All
Best for
- SMEs looking for alternative finance
- Businesses seeking investor funding
Pros
- Investor backing
- Competitive rates
Cons
- Approval can take time
Sources: https://www.lendingcrowd.com/ https://www.alternativebusinessfunding.co.uk/funders/lendingcrowd/
4. ThinCats
ThinCats is a lender offering financing solutions for medium-sized UK companies. It focuses on larger, longer-term loans usually secured on assets or cash flow. The service provides flexible funding for businesses seeking substantial growth capital or refinancing options.
Loan and pricing details
Funding range note: From 1,000,000 to 15,000,000
Speed: Typically 1 to 2 weeks for complex loans
Interest rate notes: Rates are customized for each deal
Eligibility
Personal guarantee: Common for larger loans
Homeowner advantage: Can be advantageous for loan terms
Services and sectors
- Products: term_loan
- Industries: All
Best for
- Mid-sized enterprises
- Businesses seeking larger loans
Pros
- Tax-deductible interest
- Large sums
Cons
- Long approval process
Sources: https://www.thincats.com/business-funding/funding-solutions https://www.alternativebusinessfunding.co.uk/funders/thincats/thincats-business-loans/
5. Capify
Capify specialises in providing short-term business loans and merchant cash advances. It offers quick capital access and flexible repayment options, suitable for businesses with immediate funding needs or rapid growth plans.
Loan and pricing details
Funding range note: From 5,000 to 1,000,000
Speed: Same-day funding available
Interest rate notes: Rates depend on business profile and loan term
Eligibility
Personal guarantee: Often required depending on case
Homeowner advantage: Improves approval chance
Services and sectors
- Products: short_term_loan, merchant_cash_advance
- Industries: All
Best for
- Retail businesses
- Short-term financing needs
Pros
- Fast funding
- Flexible repayment
Cons
- High rates for short-term
Sources: https://www.capify.co.uk/ https://www.iwoca.co.uk/lenders/capify-business-loans
Final notes
When comparing providers, match loan size, timeline, and sector fit first, then confirm current rates and fees with the finance provider. If one option declines your application, a broker or multi lender panel may still place the deal. Consider the type of provider best suited to your needs, whether a bank, broker, or specialist lender. Understanding your use case can help match the right funding partner. For additional information and funding options, visit Funding Agent.
