Satago provides flexible single invoice finance to help businesses improve cashflow and plan for the future. Here are some of the companies that Satago funded in March 2021.
Satago provided a £500k facility to a building products manufacturer which had traditionally self-funded. The firm was wary of entering into a business finance arrangement but knew they needed something that could support the continuing growth of the company.
They loved the flexible nature of the Satago invoice finance product, knowing they would not be tied in to any long-term arrangement and that they could pick and choose which invoices to finance from their diverse sales ledger. With the facility in place, they are now able to accept new and larger orders, knowing cash is on hand when they need it.
A business specialising in the provision of energy-saving measures approached Satago for a facility as they were struggling to meet the weekly wage demand for their installer network. Having already assisted several businesses in this sector, we were happy to provide a £200k facility to meet their needs.
It turned out to be an instant hit and the business has now been able to secure further work from new customers. This has resulted in an approval to increase their facility limit to £350k, at no additional cost to the client.
A software consultancy working on a back end project on behalf of a large retailer was shifted to 45 day payment terms, having previously been paid on receipt of invoice. This caused an immediate shock to their cashflow and the business needed a quick solution in order to continue with the work. Luckily, Satago came to the rescue with a £15k facility which was turned around in a matter of days, ready to fund their first invoice.