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

Direct access to the money tied up in unpaid invoices

Give your cash flow a well deserved health kick by selling your unpaid invoices to a third party for an upfront percentage of what they’re worth (up to 90%). When a customer pays an invoice, the amount goes straight to the third party. As the amount owed decreases, you can borrow more money on new invoices - which means your cash flow health kick keeps on kicking.

You’ll still handle your sales ledger and any debt collection - so your customers don’t ever have to know that you’re using invoice finance. This also lets you maintain closer relationships with them. Win-win.

Why is Satellite Finance right for me?

  • Even if you already have a facility with another invoice finance provider, thanks to our massive panel of funders we can quickly search the marketplace to find you a cheaper and more flexible facilty
  • Our relationships with funders allow us to find a provider that treats you like a person and not just a number at a call centre
  • We make sure that the arrangement is made confidentially so your customers aren’t aware you’re borrowing against their invoices.
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