Tag: overdraft facilities

In light of the disappearing of the overdraft, Satago’s Steven Renwick asks ‘what next for SME finance?’ in Finance Digest

With the long-relied upon overdraft disappearing from the high street, many small- and medium-sized enterprises (SMEs) are struggling to finance working capital and effectively manage their cash flow – especially when the challenge of  late payments prevails. In light of these pressures, Steven Renwick, CEO, Satago, shares his expertise with Finance Digest on the ways …

Continue reading

Steven Renwick, Satago, discusses the rise of selective invoice financing as an alternative to the overdraft in The Paypers

Despite comprising 99% of all UK businesses, small and medium-sized enterprises (SMEs) have become increasingly underserved by the banking sector in the post-crisis environment, with the withdrawal of overdrafts from the high street. Fortunately, a host of alternative lenders have stepped forward, many of which are leveraging developments in technology to offer new, valuable solutions …

Continue reading