Yes. Hardware and software are tools of the trade for almost every modern business, and upgrading them is a clear business purpose. Whether you are replacing ageing computers, moving to a new point-of-sale system, or investing in software that saves your team hours each week, a Credicorp loan can spread the cost of getting it done in one go.
Look for the return
The best technology spending pays back in time saved, errors avoided, or sales enabled. Before borrowing, try to estimate that benefit and compare it against the cost of the funding at the rate shown in your offer. A faster checkout, fewer outages, or automated admin can be worth real money.
Watch the hidden costs
- Setup, migration, and the disruption of changing systems.
- Training so the team actually uses what you have bought.
- Ongoing licences, support, and the lifespan of the hardware.
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 upgrade project; Credicorp Flex suits rolling technology investment over time. 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 protection do not apply.
See also: How can a retailer fund seasonal stock?, Flex or Slice for funding an asset purchase? and Funding a bulk fuel or energy purchase.