A direct lender (not a broker) founded in 2010 and authorised and regulated by the Financial Conduct Authority (FCA), Pulse Cashflow provides financing to SMEs across the UK by releasing cash from unpaid invoices.
If your company revenue is dependent on invoices, it’s probably prone to fluctuations. That can make it harder to commit to growth projects. Invoice finance offers a solution to this problem by smoothing out an uneven cash flow and ensuring you have the breathing room to focus on what’s important, but it does come at a cost.
Help your business grow with Nucleus Cash Flow Finance
If your business has been trading for at least 3 years, Nucleus Cash Flow Finance can provide the additional funds for your SME needs.
Factoring. Factoring enables you to release cash from your outstanding customer invoices. You can get up to 90% of their value upfront. It can also save you time as Pulse Cashflow will take over your credit control work and sales ledger management. With improved cash flow, you may also be able to negotiate early payment discounts with your suppliers.
Construction linked finance. Funding of up to £1.5 million is available for main or first-tier subcontractors operating in the construction sector. Release up to 90% of the value of your outstanding invoices before they are paid. The funding must not exceed 30% of your turnover. Pulse Cashflow will manage your credit control, chasing and collecting outstanding invoice payments which could save you time and money.
Key features of financing with Pulse Cashflow
Release cash. Borrow up to 90% of your invoice value.
Single fee. Pay a single fixed fee, so you know what you will be paying back from the start. The fee is fixed at the beginning of your loan term as a percentage of your annual turnover.
Fast payment. Receive funds within 24 hours of being approved.
Credit control service. Save time and reduce the cost of your in-house credit function. Pulse Cashflow delivers a full credit control service from confirming there are no issues with the invoice, through sending reminder letters and maintaining regular communication with your customers, to ensuring fast invoice payment.
Online account management. You can review your online account at any time to see who has paid. Pulse Cashflow can also support you in the event of non-payment by providing a fixed cost litigation service.
Confidential option. You can choose for the service to be confidential, so your customers do not know you’ve used an external service.
Improved cash flow. Negotiate early payment terms with your suppliers.
How does it work?
Each time you raise a customer invoice, send a copy to Pulse Cashflow.
You will be paid up to 90% of the value of the invoice within 24 hours.
Pulse Cashflow collects the invoice payment from your customer.
You’re paid the remaining balance minus the pre-agreed fee.
How do I apply?
It’s not currently possible to apply online. Pulse Cashflow will want to get to know your business better before giving you a decision. You can call an adviser or request a callback at a convenient time through the website.
Am I eligible?
You should only release cash from your business with invoice financing if you’re certain you can afford the repayments and additional fee. You should also:
Be a business trading with other businesses on credit terms
Be a limited company
The outsourced credit control solution is most suited to businesses with up to 300 debtors.
The fee you pay to Pulse Cashflow will vary depending on factors like the value of the invoices you want to be funded, the cash flow of your business and its credit rating.
Get tailored loan quotes
Save time by checking eligibility with multiple lenders and get quotes for BBLS/CBILS and other loans.
Pulse Cashfow will charge you a fee per debtor, per month. The fee depends on how old the debt is. In order to provide you with an accurate quotation, Pulse Cashflow will review your sales ledger. The older the debt is, the more difficult it is to collect and the fees will reflect this.
Pulse Cashflow aims to provide you with a decision in principle within 24 hours of receiving your application.
It supports businesses from a wide range of industry sectors including manufacturing, transport, security services and construction.
Pulse Cashflow states that it mostly suits businesses looking for support with:
Late payment issues
Ensuring a consistent supply of working capital to cover business expenses
Making timely HMRC payments
Chris Lilly is a publisher at finder.com. He's a specialist in credit-based products including business and personal loans, mortgages and credit cards, and is passionate about helping UK consumers make informed decisions about their borrowing. In his spare time Chris likes forcing his kids to exercise more.
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Businesses all over the UK face financial instability daily, which often requires outside funding. We have looked into how the state of borrowing for these businesses differs between the industry, over the years, and for the size of the business.
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