Yes, we currently require prospective borrowers to be homeowners. However, please note we do not secure your property against the loan. Homeownership serves as an indicator that the individuals involved in seeking this facility are dependable and have a history of making timely repayments.
Demonstrating that you are capable of managing debt is advantageous for you as a borrower and can potentially help secure more favourable loan terms. While owning a property is one criterion we require, it does not guarantee approval for financing. Our team at Nucleus takes a holistic approach when reviewing applications, considering other factors such as credit score, your business plan, and financial history.
We will always strive to ensure our cash flow solutions are tailored to suit your unique business needs and circumstances. By evaluating these various aspects of your financial profile, we can provide you with the most appropriate funding option to help your business succeed and grow.