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

Get instant payment for a single unpaid invoice

Need an easily accessible bit of money to tide you over for the month? Got one outstanding invoice that, if paid, means you could comfortably cover salaries without concern? Select invoice financing allows you to sell a single invoice to a third party for a percentage of what it’s worth (typically around 90%). You don’t have to wait any longer to get a cash injection into your bank account, and the third party takes a small fee. You could even get select invoice finance on a batch of invoices from the same debtor.

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.

Why is Satellite Finance right for me?

  • However old your business is, whatever stage it’s at, whatever industry it’s in, you can get select invoice finance from us
  • You’ll be set up and ready to go within 5 days
  • There are no ongoing contractual obligations
  • You don’t have to pay any set-up, arrangement, maintenance, or exit costs
  • You only pay when you’re using the facillity - and you only pay the pre-agreed daily rate
  • We keep things simple - you pay a single percentage charge based on the amount advanced and that’s it
  • The rate you pay will be directly linked to your specific circumstances
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