Short-term lending for garages and automotive businesses
MOT centres, repair garages and automotive businesses buy parts upfront and wait for the job to be paid. When a customer invoice is weeks away or a tool fails, Credit Corp bridges the gap for UK incorporated automotive businesses.
Cuid. no LLP san RA a-mhàin · Gun bharantas pearsanta · Co-dhùnaidhean a' mhòr-chuid de làithean obrach
An aithnich thu gin dhiubh seo?
Parts to buy upfront for a repair the customer pays for on collection
A diagnostic tool or ramp failing and stopping work until it is fixed
A trade or fleet customer paying monthly while your suppliers want paying now
Stocking up on consumables before a seasonal MOT or service rush
If so, a Credit Corp short-term business loan could help you bridge that gap.
Cò an toradh a fhreagras?
Credicorp Loan
Air a mholadh airson na roinne seo
Automotive cash-flow gaps are usually the gap between buying parts now and being paid for the job shortly after. A fixed-term loan covers that specific gap at a known total cost.
£50–£500 ann an aon airgead-toisich
Suidhichte 14–84 -latha de theirm
0.25%
gach latha de rèidh shimplidh + £5 cìs stèidheachaidh
Cosgais iomlan cuibhrichte aig 100% den phrionnsapal
Gun bharantas pearsanta
A' mhòr-chuid de cho-dhùnaidhean an aon latha obrach
For one specific bill — a parts order or an equipment service invoice — Credicorp Slice spreads it over 3 or 4 weekly instalments at a flat 6% fee with no interest compounding.
Bilichean de £50–£2,000
Cìs rèidh 6% cìs — gun cho-mheasgachadh
3 no 4 cuibhreannan seachdaineil le Fiach Dìreach
Socraich tràth agus pàighidh sinn air ais a' chìs gun chleachdadh pro rata
Dh'fhaodadh gnothachas automotive àbhaisteach iasad fhaighinn de £350.00 thar 28 latha. Atharraich na sleamhnagan gus a bhith a' freagairt air an t-suidheachadh agad fhèin.
Iasad Gnothachais
£50£500
14 latha84 latha
Gheibh thu air iasad—
Teirm—
Cìs stèidheachaidh—
Cosgais rèidh—
Iomlan ri ath-phàigheadh—
Gach seachdain—
APR riochdachail—
Chaidh a' chosgais iomlan a chuibhreachadh aig 100% den t-suim a fhuaradh air iasad.
Borrowing is expensive relative to bank lending.
Only borrow if the cost is less than the gap it closes. Total cost capped at
100% of principal — you will never repay more
than double. We lend to the company, so no director signs a personal guarantee.
Cò as urrainn iarrtas a chur a-steach?
Companaidh earranta no LLP san RA (iasad corp-corporra a-mhàin — chan e luchd-malairt aonair)
6+ mìosan malairt
Cunntas banca gnothachais làithreach san RA
Sgrùdadh dearbh-aithne stiùiriche (thusa, chan e an companaidh, mar riochdaire ùghdarraichte a' chompanaidh)
Chan eil feum air barantas pearsanta — 's ann leis a' chompanaidh a tha an dleastanas
Interest can be quoted as a daily rate, a monthly rate or an APR — and the same loan can look very different depending on which you read. This guide explains how business loan interest is actually calculated so you can compare offers on a like-for-like basis.
Secured loans are backed by an asset; unsecured loans are not. That single difference changes the rate, the speed, the amount, and the risk. This guide explains how each works and when each makes sense for a UK business.
A personal guarantee makes a company director personally liable for a business debt — so if the company cannot repay, the lender can pursue the director's own assets. Lending without one keeps the borrowing where it belongs: with the company. This guide explains what a personal guarantee is, why it matters, and what no-personal-guarantee lending changes for UK directors.
Can a garage or automotive business apply for a Credit Corp loan?
Yes. Credit Corp lends to UK incorporated limited companies and LLPs in automotive — MOT centres, repair garages, parts factors and vehicle dealers. Fleet size and specialist area are not pricing factors.
Do companies in this sector need to provide a personal guarantee?
No. All Credit Corp lending is to the company — the UK limited company or LLP — as the sole obligor. There is no personal guarantee and no personal credit search on any director or shareholder.
How quickly can a company in this sector get a lending decision from Credit Corp?
Applications are reviewed as they arrive during business hours. Credit Corp aims to make a credit decision the same working day in most cases. Once approved, funds typically reach your company account the same 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), which places the facility outside the
consumer-credit regime. The Financial Ombudsman Service and Financial Services
Compensation Scheme do not apply.
Full details: regulatory status and
responsible lending policy.
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