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

Newsflash: You don’t need a bank to get a loan

Your bank account can’t cover everything you need without a little help. When you go looking for a lump sum of money, you want to get it for the best deal possible (and without waiting half your lifetime).

Loans come in all shapes and sizes - and so do the places you can get them from. Banks have an inconvenient tendency to wrap everything in red tape, elongate the process, and take up far too much of the time you could be spending on your business or with your family. Luckily, we do things rather differently. 

Satellite Finance has relationships with over 40 lenders and more knowledge of rates and the marketplace than anyone could shake a stick at, so finding the best deal for you is what we’re best at. All the legwork is done on your behalf - and you don’t have to pay us any extra for saving you the bother.

What is a loan?

A loan is an arrangement where a lender provides money to a borrower, and the borrower repays it over time in installments, usually with interest.

What are the biggest benefits?

  • Your cash flow is given a health shot
  • A loan isn’t repayable on demand (like an overdraft), so you can easily budget for the future
  • You know exactly how much you need to pay every month, making cash flow much more predictable
  • The interest paid on a business loan is tax deductible
  • Some loans are adjustable - ideal if you wanted to increase your repayments, for example

What types of loan are available?

We offer four types of loan:

Business loans

Funding that covers your expenditures - and your backside. Short-term, long-term, secured, unsecured, we’ll find the right loan for your business.

Professional loans

Business finance that’s specific to your profession. From accountants and solicitors, to doctors and vets.

Personal loans

The loan that would make you happy. Be it because of a new car, holiday, or to treat yourself to something you desperately want.

Corporate tax & VAT loans

A loan to cover expected or unexpected tax bills.

Loans Image

Loans

Commercial Loans

Money in your bank in less than 24 hours to help you make investments to grow your business.

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Loans

Professional Loans

Designed for specific professions, a professional loan is ideal for helping pay for staff training, bills or aged debts.

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Loans

Personal Loans

We can't all pay for things we and want and need upfront. Fast track your way to the future you want with a personal loan.

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Loans

Corporate Tax & VAT Loans

Corporate tax loans allow you to get the money you need to cover tax bills and then pay the loan off in manageable chunks.

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