Groundwork contractors can access business finance through Credicorp's products without pledging personal assets. The loan or facility is issued to your limited company or LLP, keeping your liability where it belongs — with the business.
Why groundwork firms need flexible funding
Earthworks, foundations and drainage jobs are front-loaded with cost: plant hire, fuel, labour, and materials all go out before any invoice is settled. A contract win in April may not pay until June. Credicorp's Business Loan gives you a fixed sum upfront to cover that gap, while Credicorp Flex — a revolving credit facility — lets you draw, repay, and redraw as each project phase demands.
Smoothing out material and subcontractor costs
Aggregate, hardcore, concrete and hire-plant invoices can land all at once. Credicorp Slice spreads a single supplier bill over three or four weekly instalments at a flat 6% fee, so you keep cash in the business without renegotiating payment terms with your supplier.
What the lending covers
- Plant and equipment mobilisation costs
- Fuel, labour and materials ahead of stage payments
- Subcontractor invoices on multi-phase sites
- Bridging the gap between practical completion and final account settlement
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: Can a civil engineering firm borrow without a personal guarantee?, How does plant hire finance work for limited companies?, Business finance for scaffolding hire companies