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

Don’t let a tax bill push you over the edge

HMRC tax bills are guaranteed. You don’t have to like them, but you do have to live with them. Sometimes they’re more than you expect. Sometimes they come at a time when you’re already struggling. But they always have to be paid.

Take the worry off your plate with a corporate tax loan. You can get the money you need to cover the tax bill and then pay the loan off in much more manageable chunks. Which means investing in your business doesn’t have to grind to a halt just because HMRC decided to show up.

Why is Satellite Finance right for you?

  • You can borrow as little as £1,000 or as much as £25,000
  • That money can be with you in under 24 hours
  • Your repayment period can be anywhere between 1 week and 5 years (depending on how much you borrow)
  • Our acceptance rates are high
  • Our repayment rates are low
  • Monthly repayments are fixed, so you know exactly what to expect and can budget easily
  • Your loan can be secured or unsecured, so you don’t have to borrow against 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
Corporate Tax & VAT Loans Image