™
Working capital for
the last mile.
A delivery company spends every day it works — fuel in the tank, drivers paid weekly, a van that has to pass its MOT — long before the client invoice clears. Short-term finance bridges that gap, and on every product the company borrows, never you personally. No personal guarantee.
Creditcorp is the growing name for the Credicorp group, and Credicorp Limited is the lender behind it. For an incorporated courier or last-mile delivery business, it does one thing: short-term working capital to keep the wheels turning while the money you are owed catches up.
Few trades pay out as steadily, or get paid as slowly, as delivery. Fuel goes on the card the moment a round starts; drivers are paid weekly, whether or not the client has settled; a van that fails an MOT has to be fixed before it can earn again. Meanwhile the client — a retailer, a marketplace, a logistics broker — pays on 30, 45 or 60-day terms. This page looks at how a Business Bridging Loan, Credicorp Flex or Credicorp Slice tends to be used to bridge those gaps, so you can picture the fit before you apply.
Throughout, the borrower is the company — a UK private limited company (Ltd), LLP or PLC — not the director who signs. That means no personal guarantee, no charge over a home and no personal credit check on a director. These are not personal loans, payday loans or sole-trader finance. When you’re ready, applying happens on the lender’s own site, credicorp.co.uk.
Why courier firms run short on cash
It is rarely about whether the rounds are profitable. It is about the timing of money out and money in — and in last-mile delivery, the money goes out every single working day.
Fuel and driver pay come first
A delivery business cannot run a round without spending. Diesel or charge goes on before the first parcel moves, and a price spike at the pump hits the whole fleet at once. Drivers are paid weekly, every week, whether or not the client has paid you. By the time a round is genuinely earning, a serious sum is already tied up in fuel and wages.
Client invoices clear slowly
Couriers are paid in arrears, on the client’s terms. You run the rounds, raise the invoice, and then the clock starts — frequently 30, 45 or 60 days for a retailer, marketplace or logistics broker. The cash for work you delivered weeks ago lands long after you paid for the fuel and the drivers that did it.
Vehicle upkeep cannot wait
A van off the road earns nothing. A clutch, a set of tyres, a service or an MOT failure is not optional — the vehicle has to be back on the round to earn its keep. These bills land without warning, and you would rather not pull the whole cost straight out of the week’s takings in one go.
Ramping up for a new contract
Winning a new round or client is good news that costs money first. More drops mean more drivers, more fuel and sometimes another vehicle — all before the first invoice for that contract is settled. The growth is real; the cash to fund the ramp-up arrives later than the costs do.
The kinds of funding that fit a delivery business
Three plain-English shapes of short-term credit. The detail and the live terms sit with the lender — here is how each tends to be used on the road. The full product detail is on the products page.
A Business Bridging Loan — a fixed sum for a known cost
A single lump sum into the company account, repaid over a short, fixed term. It suits a one-off, time-boxed gap you can name: a major van repair, a deposit on another vehicle, or the up-front fuel and pay for a confirmed contract before its first invoice clears. You know the figure, and you can see the rounds that will repay it. More on the Bridging Loan →
Credicorp Flex — a line you draw on week to week
A revolving facility the company can draw on, repay and draw again. This fits a courier’s natural rhythm — covering each week’s fuel and wages, dipping in as a contract scales up, then paying down as client invoices land — without arranging fresh finance every time. You pay only for what you draw, not the whole limit. More on Credicorp Flex →
Credicorp Slice — spread a single supplier bill
Got a chunky fuel-card statement, a fleet-service bill or a tyre invoice you would rather not pay in one hit? Slice settles it in full today and lets the company repay over a few weeks for a flat fee. The supplier is paid, the vans keep rolling, and the cost is fixed before you commit. More on Credicorp Slice →
We don’t publish rates or terms on this page on purpose — they live with the lender so you always see the current figures. Run the numbers on the cost tools and check the live product pages on credicorp.co.uk before you apply.
The company borrows — not you
In a trade where the director is often also the first driver, this is the part worth slowing down on.
Plenty of delivery-business owners have already signed personal terms they didn’t love — a van lease, a fuel-card account, a finance deal on a second vehicle. A personal guarantee or a charge over the family home turns a business cash-flow gap into a personal risk, and in a sector where one slow-paying client can swing a month’s numbers, that is a heavy thing to sign.
Credicorp is built the other way round. The agreement is between Credicorp and your company — the Ltd, LLP or PLC that holds the contracts and the bank account. There is no personal guarantee, no charge over a home and no personal credit check on a director. The company stands on its own trading position, which is exactly how it should be when the money is funding the company’s rounds.
- No personal guarantee — the company is the borrower, full stop.
- No charge over your home — your house isn’t security for a van or a fuel bill.
- No personal credit check on a director — the lender looks at the business, not your own file.
- Bodies corporate only — UK Ltd, LLP or PLC, never a sole trader or an individual.
This is exempt business lending under Article 60B of the FSMA Regulated Activities Order 2001, not consumer credit. The full regulatory position is set out on the lending and regulation page.
How it can play out — a worked example
A made-up, clearly illustrative business — not a real customer — just to show the shape of the timing problem.
Picture a small last-mile courier firm — call it a UK limited company running six vans and a handful of drivers on a mix of retail and marketplace rounds. It is offered an extra contract from a regional retailer: good volume, a client it trusts, but the work needs two more drivers on the books and a week of extra fuel before the first invoice for that contract can even be raised.
The fuel cards bill weekly. The drivers are paid every week. The retailer’s first invoice, once raised, will be settled on 45-day terms. On paper the new contract is comfortably profitable; in the bank account, the company is funding several weeks of fuel and wages before a penny of it comes back — and that is on top of a van that has just gone in for a clutch.
Rather than turn the contract down or lean on the director personally, the company bridges the gap with short-term finance against its own trading position — covering the early fuel, the extra wages and the van repair — and repays as the client invoices land. A Credicorp Flex facility would let it draw again as the contract scales, without starting over. Same rounds, same margin; the difference is that the cash was there when the work needed it. The figures and the right product for a situation like this are set on the lender at credicorp.co.uk.
Couriers & delivery funding — common questions
The questions delivery-business owners ask most. For anything beyond these, the lender’s team can help.
Can my courier company borrow to cover fuel and driver pay before invoices clear?
Yes — that gap between paying for fuel and wages now and being paid by a client weeks later is the most common reason a delivery company looks at short-term finance. A Business Bridging Loan suits a single, known shortfall, while Credicorp Flex suits the rolling weekly rhythm of a courier round. The lender at credicorp.co.uk confirms what fits.
Will the director have to give a personal guarantee or a charge over a home?
No. Credicorp lends to the company — your UK limited company, LLP or PLC — not to you as a director. There is no personal guarantee, no charge over a home and no personal credit check on a director. For an owner-driver business that has already signed personal terms on a vehicle lease, keeping the funding itself off your own name is a real difference.
Can it cover vehicle upkeep — a van off the road or a fleet service?
Yes. A van off the road earns nothing, so a sudden repair, a service, new tyres or an MOT failure is exactly the kind of known, one-off cost a Business Bridging Loan or Credicorp Slice tends to fit. The cost is clear up front and the payback comes from the rounds that vehicle runs once it is back on the road.
We are ramping up for a new delivery contract — can funding help bridge that?
Often, yes. A new round or client usually means more drivers, more fuel and sometimes another vehicle before the first invoice for that work is settled. Credicorp Flex is built for that drip-feed pattern, letting the company draw as the contract scales rather than arranging fresh finance each time. Talk it through at credicorp.co.uk.
Is this a consumer loan or a payday loan?
Neither. This is business credit to a body corporate, not consumer credit, and it is not for sole traders or anyone borrowing in their own name. Under Article 60B of the FSMA Regulated Activities Order 2001, lending to a UK company sits outside the consumer-credit regime. The full position is on the lending and regulation page.
Where do I actually apply?
This site is the Creditcorp brand front door and does not take applications. Applying, drawing down and managing the account all happen on the operating lender, credicorp.co.uk. You can compare the products and start an application there.
More general answers live on the Creditcorp FAQ, there are plain-English explainers in the learn hub, and the how-it-works overview walks through the whole journey from first look to funds in the bank.
Related sectors
If your work overlaps these trades, their pages may fit the cash-flow shape too.
- Logistics & transport — the same fuel, vehicles and long payment terms, on a bigger haulage scale.
- Taxi & private hire — another vehicle-led trade carrying fuel and upkeep before the fares and accounts pay.
- E-commerce & online — the retailers and marketplaces whose parcels you carry, waiting on their own payouts.
Or head back to the full industries overview to see every sector. The regulatory position is on the lending and regulation page.
Keep the wheels turning
Whatever your rounds need funding for, applying, drawing down and managing your account all happen on the lender’s site, credicorp.co.uk.