Opening a second site, a larger unit or a new branch carries a cluster of upfront costs — fit-out, deposit, stock, initial staffing and marketing — that all land before the location earns a penny. A Credicorp facility can fund that opening phase so you don't have to strip working capital out of the part of the business that is already trading.
Costs an expansion facility can cover
- Premises deposit and fit-out works.
- Initial stock and equipment for the new site.
- Recruitment, training and launch marketing.
How it works
You apply as a UK limited company or LLP for the business purpose of expansion. If approved, you draw the funds across the opening costs and repay over the agreed term. The rate and schedule are those shown in your offer document, set after underwriting rather than quoted upfront.
Plan before you commit
Expansion repayments are best matched to how long the new site is expected to take to break even — build that into your forecast. The loan is to the company, with no director personal guarantee. As an exempt business lender outside the FCA consumer-credit regime, Credicorp facilities are not covered by the Financial Ombudsman Service or FSCS.
See also: Funding the fit-out of a new business location, Funding a new hire before they become profitable and Can finance help my company take on a large new order?.