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Short-term finance for an emergency repair or breakdown
A vital piece of equipment, vehicle or premises fault does not wait for a convenient moment. A one-off short-term loan from Credit Corp funds the repair now, so your business can keep running, and is repaid over the following weeks.
Emergency repair finance
UK limited companies and LLPs · No personal guarantee · Decisions most working days
Apply now Price your borrowing
One-off business loan · £50–£500 · 14–84 days · 0.25% per day simple interest + £5 fee · cost capped at 100%.
Why an emergency repair is a cashflow event, not just a cost
The repair bill itself is rarely the whole problem — it is the repair bill arriving unplanned, on top of every other cost already committed that month. A broken delivery van, a failed piece of production equipment or a burst pipe can each stop revenue coming in at the same time as demanding cash go out, doubling the pressure.
- The cost was not in this month's plan, and reserves may already be committed elsewhere
- Downtime while the repair is arranged can itself cost lost revenue
- Waiting to save up for the repair risks longer downtime and a worse outcome
- A personal card or overdraft mixes personal and business liability unnecessarily
How emergency repair finance works
- Borrow the repair costApply for a one-off short-term business loan sized to the repair quote. Lending is to the company, so there is no personal guarantee.
- Get the repair done without delayPay the contractor or supplier promptly and get back to trading as quickly as possible.
- Repay over a short, fixed termClear the loan over 14 to 84 days, matched to how quickly you expect trading to normalise.
- Settle early once you canInterest is simple and non-compounding, so clearing the balance early reduces the total cost.
What an emergency repair loan could cost
Say a repair costs £250 and you clear it over 28 days. With 0.25% per day simple interest and a £5 one-off fee, here is the whole cost.
- Amount bridged
- £250.00
- Term
- 28 days
- One-off establishment fee
- £5
- Interest (simple, on principal)
- £17.50
- Total to repay
- £272.50
- Roughly per week
- £68.12 over 4 payments
Illustration only, not a quote. Use the calculator to price your own amount and term.
Short-term borrowing is expensive relative to bank lending — only borrow when the cost is less than the gap it closes. Total cost is capped at 100% of the amount borrowed, so you will never repay more than double. Lending is to the company; there is no personal guarantee.
Before you commit to the repair
Where the situation allows a few hours' pause, a second quote and a check of any existing warranty or insurance cover can save real money — but where downtime itself is costing you trade, moving quickly is usually the better call.
- Check whether the item is still under warranty or covered by business insurance before paying out
- Get a second quote if the repair can wait even a few hours safely
- Ask the repairer for a written cost estimate before work starts, to avoid surprises
- Consider whether repair or like-for-like replacement is genuinely cheaper over the item's remaining life
Who can apply
- UK limited company or LLP (we lend to the body corporate — not to sole traders or individuals).
- At least 6 months trading.
- A current UK business bank account.
- A director identity check (you act as the company's authorised representative, not as a personal borrower).
- No personal guarantee required — the obligation sits with the company.
Emergency repair finance — questions
Can I get finance for an emergency business repair the same day?
In most cases, yes. Applications are reviewed as they arrive during business hours and we aim to give a credit decision the same working day, with funds released quickly once approved.
What kinds of repairs does this cover?
Any business-related repair or replacement — equipment, vehicles, machinery or premises — is a suitable use for a Credit Corp business loan; we do not restrict the loan to a specific category of repair.
What does an emergency repair loan cost?
Interest is 0.25% per day on the principal (simple, not compounding), plus a £5 one-off fee, capped at 100% of the amount borrowed. See the worked example above, or use the calculator for your own figure.
Should I check my insurance first?
Yes, where there is time to do so — if the repair is covered by a warranty or an insurance policy, that is normally the cheaper route. Short-term finance is best used where insurance does not apply or speed matters more than a claims process.
Fund your emergency repair
See exactly what a Credit Corp business loan would cost against your repair bill, then apply when it fits. Most decisions come back the same working day.
Credit Corp lends to UK limited companies and LLPs under the body-corporate exemption (Articles 60B and 60L of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001). This is not consumer lending. The Financial Ombudsman Service and Financial Services Compensation Scheme do not apply. Full details: regulatory status and responsible lending policy.