Software costs have shifted. Many of the tools a business relies on now come as an annual licence paid up front, a sizeable platform fee, or a one-off implementation cost. If a system is essential to how you operate, a Credicorp loan can fund the outlay so cash flow is not knocked sideways by a single large renewal or rollout.
Borrow for value, not just convenience
Funding makes most sense where the software genuinely earns its place — by automating work, unlocking sales, or replacing several smaller tools. Weigh the benefit against the cost of the funding at the rate shown in your offer, and against simply paying monthly if that option exists.
Questions worth asking
- Is this a one-off cost or a commitment that recurs each year?
- What does implementation, data migration, and training really cost?
- How locked-in are you if the tool stops suiting the business?
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 upfront licence or rollout; Credicorp Flex suits funding tools across the year. 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 do not apply.
See also: Funding a shop fit-out or refurbishment, Funding equipment for a café, kitchen, or bar and Can I use funding to upgrade our IT and technology?.