Steel fabricators carry some of the heaviest upfront costs in construction: raw steel, cutting and welding labour, protective coatings, and delivery logistics all hit before a project invoice is raised. Credicorp's business finance is designed for exactly this cash-flow shape.
The cash-flow challenge in steel fabrication
A structural steelwork order might require you to procure material weeks before fabrication begins, and fabrication completes long before installation and sign-off. Payment terms on the main contract can stretch to 60 or 90 days after practical completion. A Business Loan provides a fixed lump sum to bridge that period, while Credicorp Flex gives a revolving line you can draw on order-by-order and repay as invoices clear.
Spreading large material invoices
Steel is priced by the tonne, and a single coil or beam order can represent a significant portion of a month's turnover. Credicorp Slice splits one bill into three or four equal weekly payments at a flat 6% fee — helping you commit to material orders without draining your working capital in one go.
What fabricators typically use the facility for
- Structural steel procurement ahead of fabrication
- Workshop labour and overtime to meet programme dates
- Surface treatment and galvanising costs
- Transport and cranage for site deliveries
- Bridging retention held back on completion
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 groundwork contractor get business finance without a personal guarantee?, Can a civil engineering firm borrow without a personal guarantee?, Business finance for shopfitters and fit-out contractors