Health and social care staffing agency Pulse Healthcare has agreed a new £15m asset Based Lending (ABL) facility from KBC Business Capital, the specialist ABL division of Belgian banking group KBC Bank.

Consisting of a revolving accounts receivable facility, the funding will finance working capital to grow the business.

Richard MacMillan, chief executive at Pulse Healthcare, says: “KBC listened and understood our needs and came forward with a competitive package to give us the flexibility to fund the future growth of our business.”