The firm has also made its largest ever loan in recent months and launched a lending service for start-ups.
Nucleus Commercial Finance has passed over £750m in lending to UK firms and has closed Q1 with its largest loan to date – a £16m Asset Based Lending facility to a haulage firm.
The loan was structured via a £14.5m invoice discounting facility and a £1.5m Property Finance loan. The says it originated a further 60 loans in March across Cash Flow Finance, Property Finance and Business Cash Advance solutions.
Nucleus recently extended its ABL facilities up to £50m to service larger clients and has increased its average deal size by 50 per cent across its product lines over the past year.
The number of Cash Flow Finance and Property Finance loans have increased by over 900 per cent and 200 per cent respectively over this period, the firm says.
It has also recently launched a new secured lending product - Start-up Finance – which allows start-up businesses to borrow £25k to £20m, interest only, over a period of five years.
Chirag Shah, CEO at Nucleus Commercial Finance says the market for alternative finance is strong.
“We’re seeing enormous growth potential for the alternative lending sector and are confident that we can continue the current pace of growth over the next five years,” he said.
AltFi is returning to Amsterdam for its second annual Summit in the city. The inaugural event last year was a roaring success, with key figures from across Continental Europe's alternative finance and digital banking sectors highlighted. These included Jeroen Broekema, managing director of Funding Circle Netherlands, and Mieke van Engelen, head of innovative partnerships at ABN AMRO's standalone lending platform, New10.