October: Deals of the month

October saw a positive month for financial enquiries. Here are Satago’s top four deals of the month.

Wifi technology supplier seeks a more flexible invoice finance facility

A supplier and installer of WiFi technology came to Satago as they were looking to move away from their existing Confidential Invoice Discounting facility due to the lack of flexibility offered them by the product.

Satago’s selective invoice finance facility will give them the flexibility and cost-effectiveness they desire while still supporting their cashflow when required.

Crane and plant machinery business seeks invoice finance facility to enable better cashflow

A crane and plant machinery business was struggling to meet their weekly wage payments due to slow payers in the construction sector. Satago’s invoice finance facility will ensure their staff are paid on time by providing an advance on their invoices when needed.

Wholesaler seeks invoice finance facility to ease the problem of seasonal peaks

A confectionary wholesaler is facing the common problem of seasonal peaks in their trade, causing a real squeeze on their cashflow. By utilising Satago’s on demand selective invoice finance, they can access a cash advance on their invoices which will help them ease these pinch points.

Food manufacturer seeks working capital to fund new contract

A plant-based food manufacturer secured an exciting new contract which requires an uptick in their production. They knew they did not have the available funds to meet the demands of the new contract and so, faced with a working capital deficit, they turned to Satago to release cash from their unpaid invoices, allowing the business to fulfil the new orders and continue to grow.