Satago partner Nimbla share their ideas on how alternative finance solutions—and the tech that supports them—can help small businesses during these challenging times. New research has found that half of UK SMEs are being paid later than usual, and a third are struggling with bad debt due to customers failing to pay. As Government schemes […]
Paulo Lapore works for Rangewell, a company that advises SMEs on financial products across the lending market. He has been working closely with Satago to offer invoice finance to his clients. We caught up with him about the challenges in the business finance market, the secret to his success and the reasons he chooses to […]
The Coronavirus Business Interruption Loan Scheme (CBILS) comes to an end on 30th September. Despite calls to extend the scheme, the British Business Bank have confirmed they are sticking with their original cut-off date, although they have extended the deadline for lenders to process and approve applications until November. The end of CBILS will create […]
Running a small company is a risky business. At every turn there are threats that could dampen your success. What if cash runs low? What if customers pay late? Or don’t pay at all, leaving you with bad debt? It’s frustrating that even when business is good and you’re gaining new customers, there are still […]
August was another positive month for Satago. Here are our three top deals of the month: Electrical contractor secures flexible finance to fund future contracts An electrical contractor had previously used full book invoice finance with another provider but had been fortunate to trade through the requirement. They recently won two sizeable new contracts which […]
What is Satago? Satago is a three-in-one cash management platform that provides risk insight, automated credit control and single invoice finance to businesses and accountants. The award-winning app integrates with over 300 accounting platforms and leverages behavioural informatics, artificial intelligence and open banking to help you spot credit risks, get paid faster and access fast, […]
If you use Sage50, you can now connect multiple clients and subsidiaries to Satago in one go. For accountants, this new feature will save time and make it even easier to onboard clients to Satago. Once your clients are connected, they will get instant access to the Satago platform and can start using the automated […]
The average SME operates with a cash runway of less than a month. So, when net revenue dropped to zero for many businesses early this year, there was a pressing need for fast solutions. Despite the government-backed Coronavirus Business Interruption Loan Scheme (CBILS), traditional banks remained slow to process applications and reluctant to release funds. […]
The Corporate Insolvency and Governance Act (CIGA) became law on 25 June 2020. The act was designed to give companies which are facing insolvency the breathing space to turn things around. The changes outlined in CIGA were initially put forward in 2016 but have been fast-tracked due to COVID-19. In this article, we’ll discuss how […]
Carbon247 is a business that works with major energy suppliers, providing carbon-saving initiatives to eligible homes through the installation of energy-saving measures such as boilers and insulation. Having access to cash is key to making the business scalable across multiple energy providers. Director Vaughan Roberts initially sought £500k from Satago’s invoice finance facility in order […]
