In the trades, the kit you carry decides the work you can take on. Investing in better tools, specialist equipment, or a properly stocked van can let your company quote for bigger or more profitable jobs. A Creditcorp loan can fund that step so you are not turning down work for the want of equipment.
Buy what unlocks revenue
The clearest case for funding is kit that lets you win or complete jobs you currently cannot. Estimate the extra work the equipment makes possible, then weigh it against the cost of the funding at the rate shown in your offer. Tools that sit unused rarely justify borrowing.
Practical considerations
- Durability and warranty — trade kit takes a beating.
- Certification or training needed to use specialist equipment.
- Security and insurance for tools kept in a van or on site.
How we lend
Creditcorp lends only to UK limited companies and LLPs for business purposes. We do not lend to sole traders or individuals. The loan is to the company, with no personal guarantees from directors. Creditcorp Slice suits a one-off equipment buy; Creditcorp Flex suits building up your kit over time. Repay over your agreed term.
As an exempt business lender, Creditcorp is outside the FCA consumer-credit regime, so the Financial Ombudsman Service and FSCS protection do not apply.
See also: Funding for trades businesses run through a limited company, Can finance help my company take on a large new order? and Flex or Slice for funding an asset purchase?.