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Keep the wheels turning and the lines running.
Collection and recycling is a heavy-asset, slow-pay trade — a truck off the road, a baler that needs a part, a council contract that settles weeks behind the diesel. These plain-English notes look at how short-term finance fits a UK waste company, and on every one, the company borrows, never you personally. No personal guarantee.
Few trades carry as much working capital on the road as waste and recycling. The vehicles are expensive, the plant is heavy, and the biggest, steadiest customers — councils and large commercial contracts — are often the slowest to pay. You burn the fuel and pay the crews now; the contract clears later.
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. This page is a guide, not an application — when you’re ready, applying happens on the lender’s own site, credicorp.co.uk.
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 sole-trader finance.
Where the cash-flow gaps come from
Waste money goes out in big, urgent lumps — fuel, wages, a truck, a baler — and comes back on someone else’s payment terms. Four pressure points show up again and again.
A vehicle off the road
An RCV, skip lorry or roll-on-roll-off truck that breaks down isn’t an inconvenience — it’s a round that doesn’t run and a contract you risk breaching. Replacement parts, a major engine or hydraulics repair, or a stand-in vehicle all have to be paid for now, because the alternative is missed collections and a penalty clause. Keeping the fleet moving is the business.
Plant for the yard or recovery site
A baler, a picking-line conveyor, a wheeled loader, a grab, a weighbridge or a shredder is a heavy capital outlay with a clear return: the more material you can sort, bale and move, the more you earn. But the bill lands in one piece, often during a planned shutdown when you’re processing nothing.
Council and commercial contract terms
Local-authority and big commercial contracts are the bedrock of a waste business — steady, reliable, and slow. You run the rounds for weeks, paying drivers and burning diesel, before the invoice clears. The work is profitable; it’s the timing of the cash that bites.
Volatile gate fees and recyclate prices
What you’re paid for baled cardboard, scrap metal or plastic, and the gate fees you charge, can swing with the market. When a recyclate price dips, the cash you were counting on to cover this month’s outgoings simply isn’t there — even though the volumes haven’t changed.
Which kind of finance fits a waste business
Three shapes of short-term working capital, and how each tends to land in collection and recycling. The detail — amounts, pricing, terms — lives on the products page and with the lender; we won’t quote figures here.
A Business Bridging Loan — for a known, one-off cost
A single lump sum, repaid over a short fixed term. It fits the waste jobs you can put a figure on: a major truck repair, a replacement vehicle, a baler or loader, a weighbridge overhaul. You know the cost and you can see the contract income that will clear it. More on the Bridging Loan →
Credicorp Flex — for the contract-cashflow gap
A revolving facility the company can draw on, repay and draw again. This suits the waste rhythm — covering wages and fuel across a slow-paying council or commercial contract, leaning on it when a recyclate price dips, and paying down when the contract settles — without arranging fresh finance every time. More on Credicorp Flex →
Credicorp Slice — for a single heavy bill
Spread one supplier invoice over a few weeks while the supplier is paid in full today. Handy when a fuel bill, a tyre account or a parts invoice for the fleet lands at an awkward moment and you’d rather smooth it across the weeks the contract runs. More on Credicorp Slice →
The company borrows — not you
Waste operators often have plenty pinned to their own name already — a yard lease, vehicle hire-purchase, an environmental permit bond. The Credicorp model is the other way round: the agreement is between Credicorp Limited and your company, so the finance itself doesn’t add to what’s riding on you personally.
- No personal guarantee — the company is the borrower, full stop.
- No charge over your home — your house isn’t security for a truck or a baler.
- 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 — and the company and trade-mark detail behind the group — is set out on the group site, creditcorpgroup.co.uk.
A worked example
An illustration, not a real customer — just to show the shape of it in waste and recycling.
A commercial waste and recycling firm trading as a UK limited company runs a small fleet of collection vehicles and a transfer station. It has just won a three-year trade-waste contract with a local authority — good, dependable work, but the council pays on terms that sit a long way behind the weekly cost of crews and diesel. At the same time, the baler at the transfer station is on its last legs, and replacing it would let the firm process and sell on far more material from the new rounds.
Because the baler is a one-off cost with a clear payback, a fixed-term Business Bridging Loan to the company fits it cleanly: a known sum, repaid out of the extra material the new kit lets them bale and move. The agreement is with the company, so the directors give no personal guarantee and put no charge over their homes. And because the council contract leaves a recurring gap between paying the crews and being paid, a Credicorp Flex facility lets them draw to cover wages and fuel each month, then pay down when the contract settles.
Waste & recycling funding questions
The questions waste and recycling operators ask most. For anything specific to your business, the lender’s team are at credicorp.co.uk.
Can my collection company borrow to get a vehicle back on the road?
Yes — an off-road refuse truck, skip lorry or RCV is one of the most pressing reasons a waste company reaches for short-term finance, because every day it sits in the yard is a round it cannot run and a contract it is at risk of missing. A Business Bridging Loan suits a single, known repair or replacement bill; Credicorp Flex suits an operator that keeps an ageing fleet turning through the year. The specifics sit with the lender at credicorp.co.uk.
Will I have to give a personal guarantee or a charge over my 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 operator who has already pledged personally against a yard lease or a vehicle hire-purchase deal, keeping this funding off your own name is a real difference.
Can I use it for plant at a recycling or transfer site?
Yes. A baler, a picking line conveyor, a wheeled loader, a weighbridge repair or a grab for the yard are all working-capital uses. Because the cost is known up front and the payback comes from the volumes the kit lets you process and sell on, a fixed-term Bridging Loan often fits a plant purchase or overhaul cleanly. The lender confirms what suits your case.
My council contract pays on long terms — can finance bridge that?
That gap is exactly what short-term working capital is for. Local-authority and large commercial waste contracts are steady but slow: you run the rounds, pay the drivers and burn the diesel weeks before the payment clears. Credicorp Flex is built for that drip-feed pattern, letting the company draw to cover wages and fuel and pay down when the contract settles. Talk it through with the team at credicorp.co.uk.
Does a swing in scrap or material prices affect borrowing?
Your gate fees and the price you get for baled cardboard, metal or plastic can move month to month, and that volatility is one reason holding a flexible facility helps — you can lean on it when a recyclate price dips and step back when margins recover. The borrower is always the company, and the lender looks at the business, not your personal file. Check the fit 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 group site, creditcorpgroup.co.uk.
More general questions are answered on the FAQ, and the whole journey is on the how-it-works overview.
Related sectors
Waste and recycling shares its heavy-asset, slow-pay shape with its neighbours on the road and the contract.
- Logistics & transport — the same fleet, fuel and wages on long payment terms, and a vehicle that has to get back on the road fast.
- Construction & trades — heavy plant and materials bought before a slow-paying contract or valuation lands.
- Manufacturing — capital plant and a production line that has to keep moving while customer invoices catch up.
Or browse the whole set on the industries hub. Company and legal detail for the group lives on creditcorpgroup.co.uk.
Ready when you are
Whatever your waste or recycling business needs funding for, applying, drawing down and managing your account all happen on the lender’s site, credicorp.co.uk.