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

Money in your bank in less than 24 hours

In business, you know that growth requires investment. It could be long-term investment for the business expansion you’ve been planning for ages, or the one-off major outlay that’s looming. It could be short-term investment for the office refurbishment, or to see you through a quiet season. Whatever your circumstances, there’s a loan to fit.

A commercial loan means you don’t have to keep waiting to take the action that you know is going to get you closer to hitting that revenue goal. It means you don’t have to turn down the opportunities that pop up because you can’t afford them. And it means you can make positive change happen, right now.

Why is Satellite Finance right for you?

  • You can borrow as little as £3,000 or as much as £1 million
  • That money can be with you in under 24 hours
  • Your repayment period can be anywhere between 1 week and 10 years (depending on how much you borrow)
  • Our acceptance rates are very, very high and our terms are very, very competitive
  • You can use the loan for any purpose - maybe for an expansion, a commercial mortgage, or even a dreaded tax bill
  • Your loan can be secured or unsecured, so you don’t have to borrow against business property or assets if you don’t want to
  • Our rates and terms won’t feel like a burden - they’re both competitive and flexible so you get an arrangement that’s affordable and convenient

Making an investment in your business is making an investment in your business’ future.

 

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