Energy is a running cost that rewards investment. Upgrading to efficient lighting, better insulation, modern heating, or lower-consumption equipment can reduce your bills month after month. A Credicorp loan can fund the upfront work so your premises start saving sooner, with the savings helping to offset the cost of borrowing.
Let the savings guide the spend
The strongest efficiency projects pay for themselves over time. Try to estimate the reduction in your running costs, then compare it against the cost of the funding at the rate shown in your offer over your agreed term. Where the saving outweighs the cost, the case is compelling.
Things to check
- Whether the work needs landlord consent or planning permission.
- Any grants or incentives that might reduce what you need to borrow.
- The expected lifespan of the upgrade against your repayment term.
How we lend
Credicorp lends only to UK limited companies and LLPs for business purposes. The loan is to the company, with no personal guarantees from directors. Credicorp Slice suits a single upgrade; Credicorp Flex suits a phased programme of works. Repay over your agreed term.
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: Flex or Slice for funding an asset purchase?, Funding the fit-out of a new business location and Funding a bulk fuel or energy purchase.