We use a large number of data points and a proprietary risk engine to decide whether we can finance individual invoices. Due to the complex nature of our risk engine, we are unable to provide specific reasons why a particular invoice has not been pre-approved for financing. Nevertheless, the below guide gives you an idea of some of the general criteria that might prevent you seeing more eligible invoices:
- Any invoice we finance must be £500 or more in value.
- The invoice must have at least 10 days until the due date.
- You must make sure your customer is matched on Satago to their legal entity, as this unlocks their credit score and determines whether their invoices are eligible for financing.
- Your customers must be UK limited companies.
As well as these things, our risk engine analyses the trading relationship between you and your customer(s), including a combination of the credit risk of both your company and your customers, and macroeconomic data about your customer’s industry sector and the economy as a whole.
If you have any further questions please get in touch and we will be happy to help.