Nucleus Commercial Finance launches education finance portfolio

UK-based alternative finance lending specialist Nucleus Commercial Finance has launched a range of specialist products for the education sector. Its new team will be headed up by education funding specialist, Phillip Speed, who has been appointed to oversee the operation. The education finance portfolio has been designed to allow education providers the ability to receive advances and secure a line of credit against their profiled funding payments from the government. Nucleus can extend the offering to provide property and term loans, and overdrafts.

Announcing the launch, the company stated: “With over 1,000 providers of vocational education alone using funding in excess of £1bn, Nucleus has cultivated a potentially lucrative method for matching brokers and introducers to sector organisations. Phillip Speed joins after a career as a teacher in secondary education and considerable experience in the further education sector to build upon our offering to the education and public sectors.”