What is it?
Businesses operating in the construction sector understand how important it is to have access to a healthy supply of working capital to support growth. However, firms operating in the sector can find it a challenge to secure funding from traditional sources which can disrupt plans. Pulse Cashflow are committed to providing up to £1.5 million, of funding to main or first tier sub- contractors operating in the sector where the contractual element or applications for payment do not exceed 30% of turnover.
Our Construction Linked Finance solution enables you to access a flexible source of funding. It releases up to 90% of the value of outstanding invoices before they are paid. We provide the funding and manage your credit control, chasing and collecting outstanding invoice payments which saves you time and money.
Improves your Cashflow
An upfront payment up to 90% of the value of your outstanding invoices
Flexible ongoing source of working capital
Access up to 90% of each invoice as you raise them enabling you to grow the level of funding in line with your business growth
Saves you time and money
Our expert teams can handle your entire credit control and sales ledger management leaving your free to get on and run your business whilst reducing the cost of your inhouse credit control function
Negotiate trade discounts
With improved Cashflow you can negotiate early payment discounts with your suppliers boosting your profitability
A single fixed fee with no hidden surprises enabling you to stay in control
You have access to senior decision makers ensuring we act quickly when you need it
Peace of mind
We carry out credit checks on your customers and include debtor protection should your customer be unable to pay you
You remain in Control
Our online system means that you can stay in control of your finances when you want
How does it work?
1. We will provide you with an initial advance of up to 90% of your outstanding invoices
2. Each time you raise a customer invoice, send a copy to us
3. We will pay you up to 90% of the value of the invoice within 24 hours
4. We collect invoice payment from your customer
5. We pay you the remaining balance minus our fees
Who is eligible?
Main or First tier contractors whose turnover exceeds £2.5m
Contractural element of the sales ledger does not exceed 30% of turnover
Firms with a good spread of reputable contractors
Firms working in the sector including ground-works, scaffolding, plumbing, roofing, flooring, decorating, maintenance and cleaning services
What does it cost?
We charge a single fixed fee for our solutions ensuring you know what to expect. That fee will be fixed as a percentage of your annual turnover. This fee can be fixed for the duration of the facility, typically 12 months or you can secure this funding and the fixed rate for up to three years, providing peace of mind from base rate changes and helping your business to budget accurately.
Why choose Pulse Cashflow
Pulse Cashflow are a leading independent funder specialising in invoice finance who work with businesses experiencing a range of cashflow challenges. Established in 2010 with a leadership team that has over 110 years of Asset Based lending experience, our knowledge and experience means, that we understand the challenging situations that businesses can encounter. We are perfectly placed to deliver our clients a fast and flexible funding solution which best suits their business requirements. We have developed a reputation for our honesty and integrity and our hands-on partnerships with our clients and their advisors. Unlike most lenders, we keep things simple and make funding decisions based on the strength of the sales ledger and audit trail.