Courier and last-mile delivery is its own kind of business. Unlike a broad haulage or freight operation, a last-mile firm runs a high volume of small, time-critical drops — parcels, groceries, pharmacy and same-day work — where the cost of each delivery lands today but the platform, retailer or contract customer pays on terms. That gap between paying drivers and fuel now and being paid weeks later is where working capital matters most. Credicorp lends to UK courier and last-mile delivery limited companies and LLPs for these business purposes.
Who we lend to
We lend to incorporated courier operators only — limited companies and LLPs — not to individual owner-drivers or self-employed riders trading as sole traders. The loan sits with the company, directors are not asked to give personal guarantees, and the facility is assessed on the business itself. If you are weighing up why we structure it this way, why we lend to companies, not sole traders explains the reasoning.
What courier firms typically fund
- Driver and rider wages between the work being done and the customer settling
- Fuel, charging and insurance costs that recur daily across the fleet
- Vans, e-bikes and tracking or routing kit to add delivery capacity
- Onboarding a new platform contract or retail client that needs vehicles from day one
- Peak-season cover when parcel volumes spike faster than cash comes in
How this differs from broad logistics funding
A general transport business tends to think in loads and long-haul routes; a last-mile firm thinks in drops per hour, density per round and driver utilisation. The cost base is more about people and many smaller vehicles than a handful of large trucks. If your operation spans both worlds, our wider page on funding for transport and logistics companies covers the heavier-fleet side, while this page is aimed squarely at courier and last-mile economics.
Vehicles and fleet growth
Adding capacity is often the trigger for funding. Whether you are buying a single van outright or scaling a round of e-bikes and drivers for a new contract, it helps to plan the cost properly. See financing a commercial vehicle for the single-vehicle case and expanding a delivery fleet for growing several vehicles at once.
Choosing a product
Credicorp Flex suits courier firms whose costs and income move unevenly week to week — you draw what you need as wages, fuel and volumes fluctuate. Credicorp Slice provides a single amount for one defined cost, such as a planned vehicle purchase or a fleet outlay tied to a new contract. The rate and term that apply are the ones set out in your offer.
Before you apply
This is business lending to companies, outside the FCA consumer-credit regime, so the Financial Ombudsman Service and FSCS protections do not apply. It is worth matching any facility to your contract pipeline and payment terms first — our team can talk it through. When you are ready, start a conversation through contact us and tell us about your routes, fleet and customers.
See also: Can an accountancy practice borrow from Credicorp?, Funding equipment and plant costs, Financing materials and stock purchases.