Scaffolding hire is asset-intensive and labour-heavy: tube, fittings, boards, and the operatives to erect them all cost money before a hire invoice is raised. Credicorp's lending goes to your limited company or LLP — directors are not required to act as personal guarantors.
Stock replenishment and fleet expansion
A growing scaffolding firm needs to hold substantial stock of tube, couplers, boards, and safety equipment. Buying in bulk reduces unit cost but ties up working capital. A Business Loan provides a fixed lump sum to fund a stock purchase or expand your fleet, with a clear repayment schedule over the short term so you can plan around hire revenue.
Covering labour costs between erection and invoice
Scaffolders are typically paid weekly, but hire invoices often run monthly or settle on the client's 30-day terms. Credicorp Flex — a revolving credit facility — gives you an on-demand draw to cover the payroll gap. Repay when hire fees clear, then draw again as the next cycle begins.
Spreading large equipment purchase invoices
A single order for new tube, advanced systems scaffold, or specialist access equipment can represent a large one-off outlay. Credicorp Slice spreads that invoice across three or four weekly instalments at a flat 6% fee, giving you time to deploy the equipment and generate hire income before the full cost is settled.
- Tube, fittings, and board stock replenishment
- Advanced access and system scaffold procurement
- Scaffolder labour and CISRS card compliance costs
- Transport vehicles and yard overheads
- Safety equipment and NASC compliance
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: How does plant hire finance work for limited companies?, Can a groundwork contractor get business finance without a personal guarantee?, Can a civil engineering firm borrow without a personal guarantee?