TruFin is pleased to announce that Satago has been accredited by the British Business Bank to provide capital to small businesses under the Coronavirus Business Interruption Loan Scheme (CBILS) via its selective invoice finance facility.
The aims of the scheme align closely with Satago’s mission to reduce the burden of cashflow management on businesses, and CBILS accreditation enables Satago to support more hard-hit firms at a difficult time.
Satago’s invoice finance facility allows businesses to cover cashflow gaps by unlocking working capital from their unpaid invoices, with no long-term commitment or hidden fees. The platform also includes customer risk insights and automated credit control. Find out more at satago.com.
The Coronavirus Business Interruption Loan Scheme (CBILS), delivered through British Business Bank accredited lenders and partners, is designed to support the continued provision of finance to UK smaller businesses (SMEs) during the Covid-19 outbreak. The scheme enables lenders to provide facilities of up to £5m to smaller businesses across the UK who are experiencing lost or deferred revenues, leading to disruptions to their cashflow. It supports a wide range of business finance products, including term loans, overdrafts, invoice finance and asset finance facilities.
For more information about CBILS, visit the British Business Bank’s website.Back