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.
Recognise ony o thir?
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
Whilk product fits?
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 Recommendit for this sector
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 in ae advance
• Fixed 14–84 -day tairm
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.
• Bills o £50–£2,000
• Flat 6% fee — nae compoondin
See the cost for yer sector
A teepical automotive business micht borrae £350.00 ower 28 days. Adjust the sliders tae match yer ain scenario.
Total cost haes been cappit at 100% o the amoont borraed.
This matches yer needs? Stairt yer application
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.
Business Lendin
Total cost haes been cappit at 100% o the amoont borraed.
Wha can pit in?
- UK leemitit company or LLP (body-corporate lendin anely — no sole traders)
- 6+ months tradin
- Current UK business bank accoont
- Director identity check (you, no the company, as the company's authorised representative)
- Nae personal guarantee requirt — the obligation is the company's
Guides for yer business
Business insurance: what a UK micro-business actually needs
Public liability, employers' liability, professional indemnity, cyber, key person — what is legally required, what is genuinely useful, and what is over-sold.
Investments for a UK director — the basics, honestly
A first-principles guide to investing surplus money — for directors who want a sensible plan rather than a stock-tip spreadsheet.
UK startup funding guide for founders — no jargon
A startup funding guide for UK founders: grants, loans, equity, bootstrapping — the funding ladder for a micro-business, with honest pros and cons for each step.
Common speirins
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.