Yes. Achieving a recognised certification — ISO, Cyber Essentials, industry-body membership, or sector-specific accreditation — often requires upfront fees, audit preparation, consultant support, and staff time before any commercial benefit materialises. Short-term finance bridges that gap.
Why certification spending suits short-term finance
Accreditation is usually a one-off or periodic outlay that unlocks ongoing contract revenue. The logic is straightforward: borrow to cover the certification cost, win the contracts the certificate enables, and repay from that incremental income. A Credicorp Business Loan with a fixed repayment schedule keeps the cost clean and predictable.
Costs typically covered
- Certification body application and audit fees
- Consultant or gap-analysis fees ahead of the audit
- Staff training required for the standard
- Equipment or process changes mandated by the scheme
- Renewal cycles for ongoing compliance
Public sector and supply-chain requirements
Many public-sector procurement frameworks and large-enterprise supply chains require ISO 9001, ISO 27001, or Cyber Essentials Plus as a minimum condition of tender. Companies that cannot finance the accreditation are effectively locked out of the contract pipeline. A short-term loan removes that barrier and turns an administrative requirement into a competitive advantage the company can move on quickly.
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: Bridging a grant payment while you wait for funds to arrive, Covering an unexpected tax demand, Funding a vehicle repair or unplanned fleet downtime