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

Let someone else pay your invoices and chase your debtors

Invoices mean income. Waiting 30 days, 60 days, or even 90 days for the money you’ve earned is long enough. But if they don’t get paid on time, your cash flow suffers. Which means your whole business suffers.

What if you didn’t have to wait?

What is invoice financing?

Invoice financing allows you to ‘sell’ your invoices to a third party, for a fee. We offer three types:

  1. Invoice discounting, where the third party buys all your invoices but doesn’t handle your sales ledger or handle debt collection
  2. Factoring, where the third party buys all your invoices, and does handles your sales ledger and debt collection
  3. Select invoice discounting, where the third party buys one invoice rather than all of them

Not sure which type of finance would work best for you? No problem. Just give us a call on 01633 262722.

Invoice Finance Image

What are the biggest benefits?

Your cash flow won’t suffer from the time you normally have to wait for payment (or from an invoice that never gets paid)

You get the money you’re owed, without having to wait weeks or months for it

Invoice Finance

Invoice Discounting

Give your cash flow a health kick by selling your unpaid invoices to a third party for up to 90% of their value.

Find Out More

Invoice Finance

Factoring

Allow a third party to look after your sales ledger and pay you a percentage of each invoice (typically 85%).

Find Out More

Invoice Finance

Select Invoice Financing

Sell a single invoice, or more, to a third party for a quick cash injection into your bank account.

Find Out More