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Satago is an accredited lender for the purposes of the government’s Coronavirus Business Interruption Loan Scheme (CBILS). This means it is able to provide business loans to those that have been seriously impacted by the crisis.
Founded in 2012, Satago was formed as a Cloud accounting credit control system. It later offered risk insight information in order to help small firms analyse the risk profiles of business partners. It now provides business cash flow support for small companies.
Does your company need some extra assistance managing its cash flow, due to clients not always paying invoices on time? If so, Satago may be able to help you. It offers invoice financing support for companies that use accounting software to manage their finances. You create an account on its site, log in and then select the invoices that you have sent to clients. The system allows you to see how your customers are performing with up-to-date credit reports so you can manage your collections effectively.
If you run a business and are constantly invoicing clients while also needing to pay overheads like electricity, staff wages and property rental, you might find yourself low on funds because clients either haven’t paid invoices on time. Satago helps to solve this problem. It can lend you a percentage of an invoice’s face value at a competitive rate. This way, you’ll know you always have the cash to keep your business going.
You should only apply for a Satago invoice finance plan if you’re certain you can meet the repayment terms, and you meet the following criteria.
Satago analyses your clients to determine whether or not it’s safe to finance the invoices. It places them into the following categories:
Satago may decide to finance invoices for companies that are either high risk or very high risk, but this is unlikely. If your clients fall into those categories, Satago will likely refuse to finance them.
To sign up for Satago Business finance call 020-8050-3015 within office hours. Alternatively you can sign up via its website at https://app.satago.com/register.
You will need to provide the following:
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