Credicorp
Short-term lending for garages and automotive businesses
MOT centres, repair garages and automotive businesses buy parts upfront and wait for the job to be paid. When a customer invoice is weeks away or a tool fails, Credicorp bridges the gap for UK incorporated automotive businesses.
Yn adnabod unrhyw un o'r rhain?
If so, a Credicorp short-term business loan could help you bridge that gap.
- Parts to buy upfront for a repair the customer pays for on collection
- A diagnostic tool or ramp failing and stopping work until it is fixed
- A trade or fleet customer paying monthly while your suppliers want paying now
- Stocking up on consumables before a seasonal MOT or service rush
Pa gynnyrch sy'n addas?
Automotive cash-flow gaps are usually the gap between buying parts now and being paid for the job shortly after. A fixed-term loan covers that specific gap at a known total cost.
For one specific bill — a parts order or an equipment service invoice — Credicorp Slice spreads it over 3 or 4 weekly instalments at a flat 6% fee with no interest compounding.
Credicorp Business Loan Argymhellir ar gyfer y sector hwn
Automotive cash-flow gaps are usually the gap between buying parts now and being paid for the job shortly after. A fixed-term loan covers that specific gap at a known total cost.
• £50–£500 mewn un blaensymiad
• Sefydlog 14–84 -diwrnod o dymor
Credicorp Slice — split a single bill
For one specific bill — a parts order or an equipment service invoice — Credicorp Slice spreads it over 3 or 4 weekly instalments at a flat 6% fee with no interest compounding.
• Biliau o £50–£2,000
• Ffi wastad 6% o ffi — dim cyfansoddi
Gweld y gost ar gyfer eich sector
Efallai y byddai busnes automotive nodweddiadol yn benthyca £350.00 dros 28 o ddyddiau. Addaswch y llithryddion i gyd-fynd â'ch senario eich hun.
Mae cyfanswm y gost wedi'i gapio ar 100% o'r swm a fenthycwyd.
A yw hyn yn cyd-fynd â'ch anghenion? Dechrau eich cais
Borrowing is expensive relative to bank lending. Only borrow if the cost is less than the gap it closes. Total cost capped at 100% of principal — you will never repay more than double. There is no personal guarantee; lending is to the company.
Benthyciad Busnes
Mae cyfanswm y gost wedi'i gapio ar 100% o'r swm a fenthycwyd.
Pwy all wneud cais?
- Cwmni cyfyngedig neu LLP yn y DU (benthyca corff-corfforaethol yn unig — nid unig fasnachwyr)
- 6+ mis o fasnachu
- Cyfrif banc busnes cyfredol yn y DU
- Gwiriad hunaniaeth cyfarwyddwr (chi, nid y cwmni, fel cynrychiolydd awdurdodedig y cwmni)
- Dim gwarant personol yn ofynnol — mae'r rhwymedigaeth yn perthyn i'r cwmni
Canllawiau ar gyfer eich busnes
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Cwestiynau cyffredin
Can a garage or automotive business apply for a Credicorp loan?
Yes. Credicorp lends to UK incorporated limited companies and LLPs in automotive — MOT centres, repair garages, parts factors and vehicle dealers. Fleet size and specialist area are not pricing factors.
Do companies in this sector need to provide a personal guarantee?
No. All Credicorp lending is to the company — the UK limited company or LLP — as the sole obligor. There is no personal guarantee and no personal credit search on any director or shareholder.
How quickly can a company in this sector get a lending decision from Credicorp?
Applications are reviewed as they arrive during business hours. Credicorp aims to make a credit decision the same working day in most cases. Once approved, funds typically reach your company account the same day.
Lending for other sectors
Ready when your company is
A 5-minute application. AI decision in minutes, confirmed by a real underwriter. Same-day funding on approval. No personal guarantee.