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Keep the wheels turning while invoices catch up.
Haulage · Courier & parcel · Removals · Warehousing & 3PL · Plant & vehicle hire
Fuel, wages and a fleet that has to stay on the road don’t wait for a customer’s 60-day terms. Short-term working capital bridges that gap — and on every penny of it, the company borrows, never you personally. No personal guarantee.
Few trades feel the gap between spending money and being paid as sharply as logistics. The diesel goes in today; the invoice clears in two months. These notes look at how short-term finance fits a UK transport business — and where the line is drawn.
Creditcorp is the growing name for the Credicorp group, and Credicorp Limited is the lender behind it. It does one thing: short-term working capital for incorporated UK businesses. For a haulier, courier firm, removals company or warehousing operator, that usually means smoothing the long, lumpy cash cycle that comes with running vehicles and people against payment terms you don’t set.
Throughout, the borrower is the company — a UK private limited company (Ltd), LLP or PLC — not the director who signs. No personal guarantee, no charge over a home, no personal credit check on a director. These are not personal loans, payday loans, or owner-driver finance for someone trading as a sole trader. When you’re ready, applying happens on the lender’s own site, credicorp.co.uk.
Why transport firms hit working-capital gaps
The money goes out on the road long before it comes back off the invoice. Four pressures show up again and again.
Fuel that’s paid before you’re paid
Diesel is often a fleet’s single biggest variable cost, and it’s settled at the pump or on a weekly fuel-card statement — not when the job invoices. Take on more miles and the fuel bill rises immediately, while the revenue from those miles sits on the customer’s terms. A busy month can feel like a cash-flow squeeze precisely because it’s busy.
A fleet that has to stay on the road
A vehicle off the road earns nothing and still costs you — finance, insurance, road tax and a driver standing idle. A blown turbo, a clutch, a set of tyres, a failed MOT or a trailer repair can’t wait for next month’s receipts. The cost of getting a unit moving again is rarely convenient, and it’s almost never budgeted for.
Long, customer-set payment terms
Logistics sits low in a lot of supply chains, and that often means accepting 30, 60 or even 90-day terms from larger shippers, retailers and freight forwarders — while your own drivers are paid weekly or monthly and your fuel supplier wants settling now. The wider that gap, the more working capital it quietly ties up.
Warehousing and contract ramp-ups
Winning a new contract or a peak-season run is good news that costs money up front: extra agency drivers, more fuel, additional racking or pallet space, a short lease on extra units, even a deposit on a forklift. The set-up spend lands in week one; the contract revenue lands months later. Ramping up is where a profitable firm can still run short of cash.
The kind of finance that fits
Three shapes of short-term credit, each suited to a different transport pressure. Detail and the current terms live on the products page and on the lender’s site — we don’t quote rates here.
A one-off cost, in one go
A Business Bridging Loan is a single lump sum for a known cost and a known date — a major engine repair, a clutch of new tyres across the fleet, a deposit to lock in a trailer, or the fuel and wages for one big run. You know the figure, and you can see the invoice that will clear it coming in.
An up-and-down cash cycle
Credicorp Flex is a revolving facility you draw on, repay and draw again — useful when the fuel bill and the receipts never quite line up two months running. You pay only on what you’ve actually drawn, which suits a fleet whose costs spike with the work won.
A supplier bill, spread out
Credicorp Slice splits a single supplier invoice into a few instalments — a parts order, a service plan, a racking or pallet supplier. They’re paid in full today; your company repays over a few weeks for a flat fee set out up front.
The company borrows — not you
This matters more in transport than in most trades. Vehicles are already tied up in HP and finance agreements, and a director who has personally guaranteed lease after lease is stretched thin before a working-capital line is even discussed. Credicorp doesn’t add to that.
The agreement is between Credicorp and your company. That means:
- No personal guarantee. Your home, your savings and your family finances stay out of it.
- No charge over a home. Nothing is secured against where you live.
- No personal credit check on a director. The company’s standing is what matters, not a director’s own file.
- It doesn’t touch your vehicle finance. This is unsecured short-term working capital, separate from the HP and lease agreements already on your fleet.
For a haulier already carrying personal guarantees across half a fleet, keeping the working-capital line strictly at company level is the whole point. The detail of why the lending sits where it does is on the group site: creditcorpgroup.co.uk.
A worked example
A made-up illustration, not a real customer — just to show the shape of the gap.
A Midlands haulage company — a limited company running eight tractor units — wins a six-month contract moving palletised goods for a national retailer. Good margin, dependable volume, exactly the work they’ve been chasing. There’s one catch: the retailer pays on 60-day terms, and the contract needs two extra agency drivers and a sharp jump in fuel from day one.
For the first two months, the company is paying drivers weekly and settling its fuel-card statement while not a penny of the new contract has landed. On paper the contract is profitable; in the bank account, it’s a cash-flow hole. A van also picks up a gearbox fault in week three — off the road, earning nothing, with a repair bill that can’t wait.
Short-term working capital bridges the ramp-up: it covers the extra fuel, the agency wages and the gearbox while the first invoices mature, and it’s repaid as the retailer settles. The agreement is with the company, so the director’s home and personal finances never enter into it — and the existing HP on the trucks is untouched. To see whether a real situation like this fits, the place to apply is credicorp.co.uk.
Logistics funding questions
The questions transport operators ask most. For anything else, the lender’s team can help.
Can a limited haulage or courier company borrow without a personal guarantee?
Yes. Credicorp lends to the company — a UK limited company, LLP or PLC — not to the director who signs. There is no personal guarantee, no charge over a home and no personal credit check on a director. The agreement sits between Credicorp and your business.
We are an owner-driver trading as a sole trader. Can we apply?
No. These products are for incorporated businesses only (bodies corporate). An owner-driver or partnership trading in personal names is not eligible. If you operate through a limited company, it is the company that borrows.
Our customers pay on 60 to 90-day terms but fuel and wages are due now. Does this help?
That gap is exactly the pressure these products are built for. A Business Bridging Loan, Credicorp Flex facility or Credicorp Slice can cover the cost of running a load now and be repaid when the customer settles. See the products page for how each one works.
Can the funding be used for fuel, a tyre or trailer repair, or an MOT?
Yes — it is general working capital for the company, so it can go toward fuel, a roadside repair, a curtain or trailer fix, a service or MOT, agency drivers, or anything that keeps a vehicle earning. The lender does not dictate how each pound is spent.
We have just won a bigger contract and need to ramp up fast. Is that a fit?
Contract ramp-ups are a common reason logistics firms reach for short-term finance — the costs of extra fuel, drivers and vehicle time land before the new revenue does. Funding can bridge that lead-in. To check your situation or apply, head to credicorp.co.uk.
Where do we actually apply?
On the operating lender's own site, credicorp.co.uk. This site (creditcorp.co.uk) is the Creditcorp brand front door and explains how things fit; it does not take applications, price loans or accept payments.
Still unsure? The how-it-works overview walks through the journey, the main FAQ covers the group-wide questions, and the lender’s team are at credicorp.co.uk.
Related sectors
If transport is only part of what you do, these neighbouring guides may fit too: Wholesale & distribution, Automotive and Construction & trades. Or see every trade on the industries hub. The full company and legal detail — companies, trade marks and the regulatory position — lives on creditcorpgroup.co.uk.
Ready to keep the fleet moving?
Applying, drawing down and managing your account all happen on the lender’s site, credicorp.co.uk.