A refit can be the difference between a tired space and one that wins more business — a refreshed shopfront, a reconfigured workshop, a better customer area. The trouble is that the whole cost falls at once, often during a closure that also dents takings. A Credicorp facility lets a UK limited company or LLP carry out the work and spread the cost over an agreed term.
Typical fit-out costs
- Building works, flooring, lighting and signage.
- Fixtures, furniture and customer-facing equipment.
- Any short closure or reduced-trading period during the works.
How it works
You apply as a company for the business purpose of refurbishment. If we make an offer, you draw the funds, complete the work, and repay over the term and at the rate shown in your offer document. We do not take a personal guarantee from directors.
Match repayment to the payback
A good refit should lift revenue or efficiency; aim to align the repayment term with how quickly that uplift is expected to land. Credicorp is an exempt business lender outside the FCA consumer-credit regime, so the Financial Ombudsman Service and FSCS do not apply to this facility.
See also: Funding a refit or refurbishment of your premises, Funding a shop fit-out or refurbishment and What is asset finance?.