For many businesses the busiest weeks of the year also need the most hands — extra warehouse staff before a peak, more drivers, additional shop floor cover. The wages go out as those people start, but the resulting sales arrive over the weeks that follow. A Credicorp facility can fund the upfront wage cost so a UK limited company or LLP can staff up for the peak with confidence.
Why seasonal hiring strains cash
- Wages are weekly or monthly; the sales they generate are spread out.
- Stock and staffing for a peak often need funding at the same time.
- Understaffing a peak can mean lost orders and disappointed customers.
How it works
Apply as a company for the business purpose of seasonal staffing. If we make an offer, you draw the funds, run the extra payroll, and repay over the term and at the rate in your offer document as the peak's trade lands.
Match the term to the season
A shorter, peak-aligned repayment usually fits seasonal staffing better than a long one. The loan is to the company, with no director personal guarantee. Credicorp is an exempt business lender outside the FCA consumer-credit regime; the Financial Ombudsman Service and FSCS do not apply.
See also: Can I use a Credicorp loan to buy stock ahead of a busy season?, Funding stock purchases ahead of a busy period and Funding a shop fit-out or refurbishment.