Consulting firms — strategy, management, IT and engineering consultancies — turn billable time into revenue. The risk is the bench: people on payroll who are not yet assigned, or a large engagement that bills in arrears. Credicorp lends to consultancies that are UK limited companies or LLPs, for business purposes.
The utilisation gap
Growth in consulting usually means hiring before the revenue arrives, because clients want to see capacity before they commit. That creates a window where payroll outruns billing. Borrowing can fund that window so you can scale into demand rather than turning work away.
- Hiring consultants ahead of signed engagements
- Bridging milestone or arrears billing on large projects
- Funding bid and proposal costs for major tenders
- Investing in delivery tooling, accreditations or partner certifications
How it works
You can use Credicorp Flex for flexible drawdowns as project cash ebbs and flows, or Credicorp Slice for a more structured arrangement. The choice depends on how predictable your pipeline is. Your account team can help you weigh them.
The borrowing belongs to the company or LLP and we take no personal guarantees from directors. The rate and term are those in your offer. Because we are an exempt business lender outside the consumer-credit regime, the Financial Ombudsman Service and FSCS protection do not apply.
See also: Funding for architecture and engineering firms, Funding for law firms and legal practices and Funding for professional services firms.