Nucleus Commercial Finance has appointed Sam Percival as Director of Business Development for London and the South East.
The alternative commercial lender said the appointment comes at a critical time as small and medium-sized businesses show increased demand for financing following the removal of foreclosure restrictions.
Percival (pictured) previously worked for Nucleus in 2016 and has spent the past four years as regional manager of asset-backed lender Ultimate Finance.
Prior to these roles, he worked for lenders Aldermore Bank and CrÃ©dit Agricole.
Nucleus said Percival will be responsible for driving growth and forging relationships with SMEs in London and the South East to help grow the business and meet the ever-changing financing needs of SMEs.
âIt’s a really exciting time to join us as the company continues to step up innovation in its products,â said Percival.
âAs a fintech, Nucleus leads the pack in harnessing technology to ensure that SMEs quickly get the essential working capital facilities they need. Having played a pivotal role in lending Â£ 200million to businesses under the Coronavirus Business Interruption Loan (CBILS) program, Nucleus’ broad product line places the lender in a strong position to provide a flexible financing, as SMEs are eager to start their activities. “
Chirag Shah, CEO of Nucleus, said Percival brings with him “a strong network and a passion for helping SMEs access finance that matches their needs.”
âSam’s appointment is a testament to our commitment to the marketplace, continuing to build relationships with key introductory networks to get our tailor-made solutions into the hands of the companies that need them,â he added.