No, you can just check your credit limit and use it when you need it. There are no costs involved. Our credit limit does not affect your creditworthiness with banks or agencies like Schufa, Creditreform, etc.
Puls will not require any other documents from you in order to grant you a credit, except for the signing of the credit agreement and the personal identification of the beneficial owners and directors, as required by law (GwG).
The loans are issued by our fund (Montold SME Lending Fund GmbH & Co. KG), recently registered with BaFin (ID 70162347) and managed by Montold Asset Management GmbH (Bafin ID 10156973), with Puls acting as loan broker (§ 34C GeWo). This fund address investors in Germany who are professional or semi-professional investors as defined in the German Capital Investment Act (KAGB).
No banks or other third parties are involved in the decision making process. Therefore, we can grant loans quickly and without documents to be submitted, based on the cash flow data of your business accounts linked to Puls.