Invoice Finance

Need to increase your eligibility?

At Satago we want to help SMEs access funding as easily as possible. However, not everyone is eligible the first time they apply.

We have built this resource to guide you on how you can increase your eligibility for invoice finance

Are you Eligible?

Eligibility Criteria

See our eligibility criteria below, and how you can increase your eligibility based on this criteria

Country of registration and billing currency

Be a UK-based registered company and sell on credit to UK registered companies, with invoices raised in GBP.

Not Eligible?
If you do not meet the country of registration and billing currency requirements, you will need to register a UK-based company, start billing UK clients in GBP and meet the minimum active trading time criteria.

Minimum Annual Turnover

Your business must have a minimum annual turnover of £100,000 for Single Invoice Finance (SIF) or £400,000 for Full Invoice Finance (FIF).

Not Eligible?
If you do not meet the minimum turnover criteria for FIF, but you do for SIF, you could always start with SIF until you meet the threshold for FIF. If you do not meet the criteria for SIF, you will have to wait until you reach the minimum annual turnover.

Minimum Active Trading Time

Have been trading for at least 6 months Single Invoice Finance or 12 months for Full Invoice Finance.

Not Eligible?
If your business has not actively been trading for at least 6 months, you should wait until you have been, and then re-apply for invoice finance.

Open Banking Connection

Your business should have a business bank account that supports connections via open banking.

Not Eligible?
If you do not have a bank account that supports open banking, you should consider switching to a banking provider that can give you an account that is open banking compatible.

Satago offers both single invoice finance and full invoice finance solutions

    Single invoice finance
  • Choose individual invoices to fund
  • Instant pricing for eligible invoices
  • No minimum contract period
  • Disclosed
  • Pricing per invoice funded
  • Invoices must be within payment terms
  • Invoices individually verified
    Full invoice finance
  • Fund all eligible invoices
  • Instant pricing for eligible invoices
  • Minimum 12 month contract
  • Confidential
  • Clear and simple pricing
  • Fund up to 120 days past invoice date
  • Sample verification
All our invoice finance products come with:
  • Fast approval and drawdown
  • Automated reconciliation
  • Credit risk tools included
  • Automated credit control tools included
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