Pulse Finance has secured a new funding line from Wells Fargo, enhancing its ability to provide working capital to small and medium-sized enterprises (SMEs) across the UK, according to a press release.
The facility supplements existing credit arrangements and is intended to support increased demand for tailored financial solutions.
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Toni Dare, Managing Director at Pulse Finance, described the agreement as “a major step forward” in the firm’s efforts to support SMEs. She noted that the partnership with Wells Fargo “gives Pulse additional scope to advance funds quickly and efficiently” to businesses facing constrained liquidity.
The transaction was completed with support from legal and financial advisors including Noel Ruddy and Kelly Wheeler of Cripps LLP, and Mitch Baselton of Quaestor Capital Markets. Ruddy commented that the deal “marks a significant milestone in Pulse’s growth trajectory” and reinforces its ability to deliver “flexible and reliable financing solutions” to UK SMEs.
Pulse Finance provides funding lines of up to £5 million, with a focus on cash flow management and growth financing.
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