Emergency repairs to business premises do not wait for convenient timing. A burst pipe that floods the ground floor, a flat-roof failure after heavy rainfall, or an electrical fault that fails a safety inspection can force you to close until the work is done. Whether the insurer pays out — and how long it takes — is a separate question from keeping the business open.
The gap between emergency and insurance settlement
Business interruption and buildings insurance can reimburse repair costs, but insurers often take weeks or months to settle. A contractor may want a deposit before starting, and waiting could extend your closure further. A Creditcorp facility can bridge that gap: your company draws the funds, pays the contractor, and then repays the facility as trading resumes — or once the insurance settlement arrives.
What kinds of repair costs fit this use case
- Structural repairs after storm damage or a water incident.
- Emergency electrical re-wiring to meet a safety notice.
- Boiler or heating replacement to keep a food-production or care facility operational in winter.
- Temporary works such as boarding, scaffolding or dehumidification while you wait for full contractors.
Matching the facility to the timeline
Because most emergency repairs are completed within weeks, a short-duration Creditcorp facility (illustrative — exact terms depend on your application) is often a good fit. If your insurer is slow to settle, you can repay from trading income instead and claim the finance cost as a business expense.
We lend only to UK limited companies and LLPs, and the loan is to the company with no director personal guarantee. As business finance outside the consumer-credit regime, it is not covered by the Financial Ombudsman Service or FSCS.
See also: Funding an unexpected equipment repair, Covering an unexpected cost with business finance.