Why are some invoices not eligible for finance?

Owned by Emily Miles
Sept 20, 2024
1 min read

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:

 

  1. Any invoice we finance must be £500 or more in value.

  2. The invoice must have at least 10 days until the due date.

  3. 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.

  4. 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.

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