Satellite Finance is a business finance broker specialising in asset and invoice finance, loans, and commercial mortgages. Established in Newport over 10 years ago, Satellite has helped to finance more than £100 million to over 4,500 customers so far. Instead of providing funds directly, Satellite Finance connects businesses to lenders on its panel.
Satellite Finance Business Loans & Finance
Asset finance from Satellite includes hire purchase, equipment leasing, and refinancing. Businesses can buy or rent the business equipment they need, whether they’re a gym, a medical business, or agricultural. Repayments can be flexible to fit with seasonal businesses, or fixed to make payments predictable.
Hire purchase and contract hire are available for both company cars and commercial vehicles. Repayment terms will be between 12 and 72 months with a deposit due upfront – usually 10% of the total or one monthly repayment.
Receive money owed through invoices instantly. Satellite Finance’s invoice finance products include discounting, factoring, and individual invoice financing. Your business can receive 85-90% of invoice values upfront, and either continue to manage credit control yourself or leave it to Satellite. Invoice finance can cover individual invoices or your whole sales ledger.
Satellite work with 40 different business lenders with a variety of different commercial finance products. Terms and limits vary depending on the business and the lender.
Commercial mortgages are available from between £50,000 and £40 million. Your business can receive up to 75% loan to value with rates from 2.25% above Bank of England base rate. Terms range from 5 to 30 years and monthly repayments are predictable and fixed.
Satellite Finance Reviews and Ratings
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- Range of finance products available with rates and terms to suit your business.
- Satellite has relationships with many different lenders.
- No online reviews.
- There will be broker’s fees.
Website: Satellite Finance Business Finance