Opening a new site is a milestone — and a moment when costs land all at once. Before a new location earns a penny, you may face fit-out, fixtures, signage, equipment, and stock to fill it. A Credicorp loan can fund the work needed to get the doors open, so a promising location is not held back by the cost of getting it ready.
Cost the opening, not just the lease
The rent is rarely the biggest surprise. Build a full opening budget: fit-out and decoration, equipment and furniture, opening stock, utilities and connections, plus a launch marketing push. Borrowing against a complete budget avoids returning for more midway through.
Factor in the ramp-up
- Allow for slower trade while the location builds a customer base.
- Keep working-capital headroom for the first few months.
- Match repayments to when the site is expected to stand on its own.
How we lend
Credicorp lends only to UK limited companies and LLPs for business purposes. The loan is to the company, and we do not take personal guarantees from directors. Credicorp Slice suits a single defined opening; Credicorp Flex can help where spending runs in stages. Repay over your agreed term at the rate shown in your offer.
As an exempt business lender, Credicorp is outside the FCA consumer-credit regime, so the Financial Ombudsman Service and FSCS protection do not apply.
See also: Funding expansion into a second site or location, Funding energy-efficiency upgrades to your premises and Funding stock for a brand-new product line.