Satago Invoice Finance

  • We have teamed up with Touch Financial to help you find the right invoice financing for your business
  • Compare invoice financing from Satago against other leading providers today
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How invoice financing works

1
The order
Create an invoice for your customer, showing how much is owed to your business and when payment is due.
2
Cash advance
Send a copy of the invoice to a lender to release up to 100% of its value as a cash sum.
3
Repayment
When it is due, the lender receives the payment from the customer. The lender then sends your business any remaining amount on the invoice that wasn't originally financed, after deducting the prearranged fees.

This comparison service is provided by Touch Financial. Touch Financial is a finance broker, not a lender. Not all products offered by Touch Financial are regulated by the Financial Conduct Authority. They compare invoice financing services from a range of different lenders, aiming to find the one that best suits the needs of their business customers. Touch Financial consultants look at the profile of each business, including cash flow, accountancy needs, and any other specific requirements, to match them with the most appropriate invoice finance provider and product. Touch Financial is authorised and regulated by the Financial Conduct Authority (FRN:727220).

Last updated on 12 May 2022.

Satago Invoice Finance FAQs

Who is Satago?

Originally launched in 2012 as a credit control system which integrates with cloud accounting systems, Satago has expanded to provide a tech-based cashflow service offering invoice finance, credit control and risk insight facilities.

What is Satago invoice financing?

Satago invoice financing is a means for businesses to leverage their own sales ledgers in order to generate cash flow at a time when they are facing monetary constraints and need a cash injection at short notice.

How does invoice financing work?

The invoice financing Satago and other providers offer entails being able to sell invoices both unpaid and outstanding to factoring companies or lenders. Rather than incurring debt, this uses your own invoices as a form of collateral, with lenders paying you a percentage of their value.

What do businesses usually use invoice financing for?

Businesses often request the invoice financing Satago and other providers offer if they’re on the cusp of a growth phase but have issues such as late payment holding them back. Invoice financing takes the invoices they expect to receive and speeds up getting the money over to them, in order that they can invest in personnel or equipment sooner rather than later.

Can smaller businesses request invoice financing?

Businesses of all shapes and sizes can request invoice financing services from Satago and other comparable lenders, but they may have to meet certain criteria. Some small businesses might be excluded if a lender requires a turnover threshold, for example.

How can you mitigate risk with invoice financing?

One way to mitigate the risks of failed invoice payment is to pursue a non-recourse agreement as part of your invoice financing facility. If a client fails to pay invoices, your provider absorbs the risk, although they might charge a higher fee to compensate.

What if I take liability for failed invoice payment?

If you take out a recourse agreement as part of your invoice financing, you accept liability for invoice payments. This means you shoulder the costs if clients fail to pay invoices. The personal risk is greater, but your lender will consequently charge a lower lending fee.

How do lenders charge fees for invoice financing?

Your lender will typically charge a small percentage fee as a proportion of the sum you borrow against your own invoices. It rarely exceeds a few per cent but varies between providers.

What’s the best way to compare invoice financing providers?

Our partner, Newable Finance is a suitable platform for comparing Satago invoice financing products with those of competing lenders. By filling in a form or giving them a call, Newable Finance can put you in touch with a specialist consultant, to help find a suitable lender easily.

How do I use invoice financing discreetly?

Many business owners prefer to keep their invoice financing plans private. For them, the invoice discounting Satago and other lenders offer is ideal. It ensures that only you liaise with clients about invoices, so they don’t have to know you’re intending to leverage them to generate additional cash flow.

Services offered by this provider may change over time. Always check Ts&Cs.

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