Commercial equipment fails at the worst possible moment, and replacing it can't wait. An espresso machine, a combi oven, a cellar cooler, or a dishwasher is a serious cost for a food, drink, or hospitality company — but downtime costs more. Credicorp lends to UK limited companies and LLPs to spread these costs sensibly.
Why equipment suits funding
A good piece of kit earns its keep over years, so paying for it in one hit can be the wrong shape for your cash flow. Funding lets the equipment and the repayments run alongside each other, keeping working capital free for stock and wages.
What it can cover
- Cooking, refrigeration, and food-prep equipment
- Coffee machines, bar systems, and cellar kit
- Replacing failed equipment quickly to avoid lost trade
- Adding capacity as the business grows
Choosing a term
We aim to match the term to how long the equipment should keep earning. The rate and term are shown in your offer, which you should read in full before accepting.
The basics
The agreement is with your company, with no personal guarantee from directors. As an exempt business lender outside the FCA consumer-credit regime, the Financial Ombudsman Service and FSCS do not apply.
See also: Funding an MOT bay or fleet servicing equipment, Funding for restaurants and cafés and Flex or Slice for funding an asset purchase?.