Landing a large order is good news that often arrives with a cash problem attached. You may need to buy raw materials, components, or packaging up front, pay your team to produce the goods, and then wait for the customer to settle. A Creditcorp loan can fund that production gap so a single big contract does not stall for want of working capital.
Map the cash timeline first
Before you borrow, sketch out when money leaves and when it returns. Identify the deposit you can secure from the customer, the staged payments you might negotiate, and the final settlement date. The funding only needs to cover the shortfall between outgoings and inflows, not the whole contract.
Sensible safeguards
- Get the order confirmed in writing before committing to materials.
- Ask for a deposit or staged payments to reduce what you need to borrow.
- Build in a buffer for late settlement by the customer.
- Match your repayment timing to when the contract pays out.
Borrowing terms
Creditcorp lends only to UK limited companies and LLPs for business purposes. The loan is to your company, with no personal guarantees from directors. Creditcorp Slice suits a single defined need; Creditcorp Flex suits drawing funds across a longer production run. Repay on the agreed term at the rate shown in your offer.
Creditcorp is an exempt business lender outside the FCA consumer-credit regime, so the Financial Ombudsman Service and FSCS do not apply.
See also: Funding the costs of delivering a large customer order, Marketplace payout delays and how funding bridges them and Can finance help my company take on a large new order?.