Due to Government advice on COVID-19 our offices are now closed but Satellite Finance is very much still open for business. Due to high volumes of calls the best way to contact us is via email info@satfinance.co.uk

Over the last two weeks there have been several announcements made by the government regarding the support available for businesses during these difficult times.

Satellite Finance Limited want to try and help our customers in what is an unprecedented economic situation and so here is an update on the news we have received directly from the British Business Bank and lenders on our panel who are administering it.

Some good news

Media reports have said that the CBILS was not being used by the banks and lenders as it was intended. However, we have received assurances from lenders on our panel that they are processing applications alongside their normal eligibility criteria. They have advised that they will update their guidelines on the scheme more very soon. Several are able to offer funding on their normal commercial terms without utilising the scheme.

The British Business Bank have also stated that they are fast tracking accreditation for the CBILS, and new lenders will soon be available to the scheme. This has been confirmed by lenders on our panel.

We can help

The lenders that we know are already in the scheme have assured us that they are trying their best to get applications underwritten but as you can imagine with staff social distancing and the unprecedented demand then the process requires some patience. We are certain that as new lenders get accredited CBILS applications should become quicker to process and credit approvals much faster.
Through our accredited panel Satellite Finance are here to help you submit your application so check your eligibility with us and one of our experienced team will be in contact with you shortly to discuss your application and the further information we need.

Check Eligibility

Don’t waste money buying when you can save money renting

If you only need equipment for now, and not forever, leasing is the way to go. Not least because it means you don’t have to shell out a huge lump of precious capital to get the equipment you need. Like those lightning-speed laptops that would shave off the number of times you have to call IT, the coffee machine that actually makes a decent drink, or the tractor that works the fields like a boss. The possibilities are almost endless.

Equipment leasing allows you to rent an asset from a leasing company for an agreed period of time and for a fixed monthly amount. Once that period is over, you give the asset back. (In other words, you don’t own it at the end.) You then have the flexibility to rent even newer equipment, without having old stock lying around gathering dust.

Why is Satellite Finance right for you?

  • Our lease agreements can include scheduled and regular upgrades and replacements, so you won’t miss out as technology advances
  • Any technological additions or enhancements you may choose to make during the rental period can be factored into the agreement
  • You can make fixed regular payments, allowing for simpler budgeting - plus, payments during the rental period are not affected by interest rates or inflation
  • You don’t have to pay a large deposit

No need to save for years. You can get your equipment in days.

Equipment Leasing Image

Benefits of Equipment Leasing

You can preserve your working capital and capital resources that are best devoted to business development and operational needs

You can pay less tax - all lease rentals paid in a year can be fully offset against taxable profits