Kitchen fitting companies — whether working on residential developments for housebuilders or commercial kitchens for hospitality clients — often carry the cost of units, worktops and appliances weeks before a project completes and triggers payment. Credicorp lends to the limited company with no director personal guarantee.
The gap between purchase and payment
A kitchen fit-out for a new-build developer or restaurant group may require your company to order and install before a handover certificate is issued. Payment comes on completion, but your suppliers and subbies need paying throughout. A Business Loan bridges that gap with a fixed lump sum and a clear repayment schedule.
Drawing on demand with Credicorp Flex
If your company has a rolling programme of kitchen installations — for example, a framework agreement with a developer or housing association — Credicorp Flex works as a revolving credit line. Draw when a project starts, repay when the invoice clears, and keep the facility available for the next unit. You are only charged on the balance drawn.
Spreading a big appliance or unit order
A full kitchen specification can involve a single large order to a trade supplier. Credicorp Slice divides that invoice into three or four equal weekly payments at a flat 6% fee — giving you time to fit, complete, and invoice before the full cost hits your account.
- Kitchen units, worktops, and sinks
- Appliances and integrated equipment
- Labour for multi-unit programmes
- Plumbing and electrical subcontractors
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: Business finance for bathroom fitters, Business finance for shopfitters and fit-out contractors, Can a groundwork contractor get business finance without a personal guarantee?