Yes. An unexpected repair bill for a key vehicle or piece of equipment can strand your operations at short notice. A Credicorp Business Loan or Flex drawdown covers the repair cost immediately so the asset is back in service — and revenue-generating — rather than sitting idle while you arrange funds.
Why speed matters for vehicle and plant repairs
A grounded delivery van, off-road HGV, or failed piece of plant does not just cost the repair bill — it costs every day's lost revenue and any contractual penalties for missed commitments. Traditional finance can take days or weeks to arrange. Short-term business finance is designed to move quickly precisely because the cost of delay often exceeds the cost of the loan.
Typical scenarios
- Engine or transmission failure on a key delivery or service vehicle
- Unplanned plant or machinery breakdown on a construction or manufacturing site
- Fleet MOT failure requiring immediate work to restore roadworthiness
- Refrigeration unit failure on a food-logistics vehicle
- Specialist equipment repair where the supplier requires payment before work begins
Credicorp Flex for recurring maintenance risk
Companies with larger fleets may find Credicorp Flex more efficient than a one-off loan. Keep a revolving facility open, draw when a breakdown occurs, repay when trading income allows, and the facility is ready again for the next incident — without a fresh application each time.
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: Covering an unexpected tax demand, Funding certification or industry accreditation, Funding stock for a new product line launch