Satago provided a scaffolding business with a £450k invoice finance facility to help them ease cash flow and bridge the gap between invoice payments.
The business pays their contractors on a weekly basis but mainly works with large housing development firms which can take between 20 to 45 days to pay.
The business owners wanted a flexible product which they could use whenever necessary, without being tied in or becoming too reliant. Satago’s single invoice finance will allow them to choose which invoices they want to fund on a case-by-case basis and they will only pay when using the service, which suits them perfectly.
The funds will ensure the business always has cash in the bank to pay their contractors while they wait for clients to pay.
With cash flow taken care of, they can go back to doing what they do best — growing their business.