Emergency repair finance
Emergency equipment and vehicle repair finance
When the van breaks down or a piece of kit fails, the cost is not just the repair — it is every job you cannot do until it is fixed. A one-off short-term loan from Credicorp, £50 to £500, gets your limited company back to work fast, then you repay over the next few weeks of trading. Interest is 0.25% per day on the principal plus a £5 one-off fee, and the total cost is capped at 100% of the amount borrowed.
UK limited companies and LLPs · No personal guarantee · Decisions most working days
One-off business loan · £50–£500 · 14–84 days · 0.25% per day simple interest + £5 fee · cost capped at 100%.
When the kit goes down, the clock starts
A broken-down van, a dead oven, a failed compressor or a ramp that will not lift is not an inconvenience — it is your business stopped. The repair invoice is the small part. The real cost is the work you turn away, the customers who go elsewhere, and the contract you miss while the kit is out of action. Most well-run companies do not keep a fund sitting idle for the exact week a key asset fails, so the choice is often pay now and keep trading, or wait for cash to free up and lose the income in the meantime. A short-term loan exists for precisely that gap: a sudden, revenue-blocking cost with the earnings to cover it arriving as soon as you are running again.
- A vehicle off the road means missed deliveries, callouts or jobs — and the bills carry on regardless.
- A failed oven, fridge, compressor or production machine can halt an entire day's takings, not just one order.
- Emergency callout, parts and labour usually have to be paid before the asset is handed back working.
- Waiting for an invoice to land before you fix the kit can cost far more in lost trade than the repair itself.
Helpful guide: funding an unexpected equipment repair
How emergency repair finance works
The mechanics are simple, and the loan is sized to a cost you can see in front of you — the quote for the repair or replacement.
- Borrow what the repair costs Apply for a one-off short-term business loan sized to the repair, callout or replacement quote. We lend to the company, so there is no personal guarantee to sign.
- Get the kit running again Pay the garage, engineer or supplier and get back to trading. The point of borrowing is to stop the lost income, not just to cover the invoice.
- Repay as the work comes back Clear the loan over a fixed short term as the repaired vehicle or machine earns again. The full repayment schedule is set out before you accept anything.
- Settle early if you can Interest is charged on a simple daily basis on the principal, so paying ahead of schedule reduces the total cost. There is no early-settlement penalty.
What businesses use it for
Emergency repair finance fits any UK incorporated business whose income depends on a vehicle or a piece of equipment that has suddenly stopped working. Common examples:
- Couriers, hauliers and delivery firms facing an urgent van or HGV repair before contracts are missed.
- Garages, MOT centres and automotive workshops when a ramp, diagnostic rig or compressor fails.
- Cafes, restaurants and caterers with a dead oven, fridge, freezer or coffee machine stopping service.
- Trades and on-site contractors needing a replacement tool, generator or plant item to finish a job.
- Salons, gyms and clinics where a single broken machine or chair takes a revenue stream offline.
- Workshops and small manufacturers with a production machine down and orders waiting.
What an emergency repair loan could cost
Say an urgent repair quote comes in at £500 and you clear it over 42 days as the kit earns again. With 0.25% per day simple interest on the principal and a £5 one-off establishment fee, here is the whole cost — every figure is from our live pricing.
- Repair bridged
- £500
- Tairm
- 42 days
- One-off establishment fee
- £5
- Interest (simple, on principal)
- £52.50
- Total tae pay back
- £557.50
- Roochly the week
- £92.92 over 6 payments
Illustration only, not a quote. Use the calculator to price your own repair and term.
Short-term borrowing is expensive relative to bank lending — only borrow when getting the kit running again earns back more than the cost of waiting. 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.
Built for when you cannot wait
An emergency is about timing as much as money. The application is short and the decision is usually back the same working day, so you are not stuck choosing between a fast-but-expensive personal card and losing a week of trade. If you are approved, funds are released to your business bank account quickly so you can authorise the repair and get moving.
- Apply online in a few minutes with your company details and a recent bank statement.
- Most decisions come back the same working day — built around urgent, kit-down situations.
- Approved funds are released to your UK business bank account quickly so the repair can go ahead.
- Borrow only what the repair needs — a smaller amount over a shorter term costs less overall.
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 a limited company get finance for an emergency repair?
Yes. A Credicorp short-term business loan can cover an urgent vehicle or equipment repair for a UK limited company or LLP. You borrow the amount the repair costs, get the kit running again, and repay over a fixed short term from the trading the asset restores. Lending is to the company, so there is no personal guarantee.
How fast can I get the money for an urgent breakdown?
It is built for speed. Apply online in a few minutes and most decisions come back the same working day. If you are approved, funds are typically released to your business bank account quickly so you can authorise the repair and get trading again without losing a week to a cashflow gap.
What does emergency repair finance cost?
It depends on how much you borrow and how long you take to repay. Interest is 0.25% per day on the principal (simple, not compounding), plus a £5 one-off establishment fee, and the total cost is capped at 100% of the amount borrowed — so you never repay more than double. As a worked example, a £500 repair bridged over 42 days repays £557.50 in total. Paying early reduces the cost.
Is this regulated consumer credit, and is my personal credit at risk?
No. Credicorp lends only to UK limited companies and LLPs under the body-corporate exemption in the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001. It is not a regulated consumer credit agreement, the Financial Ombudsman Service and Financial Services Compensation Scheme do not apply, and there is no personal guarantee — the obligation is the company's.
Should I repair or replace the equipment?
That is your decision, and the finance works either way. A short-term loan can cover an emergency repair to get you trading again now; if the asset is beyond economic repair, the same loan can fund a replacement, or you can spread a single supplier invoice with Credicorp Slice instead. Borrow only what you need — the smaller the amount and the shorter the term, the less it costs overall.
I am a sole trader — can I use this to fix my van?
Not as a sole trader. Credicorp lends to incorporated businesses only — limited companies and LLPs. If you trade as a sole trader you would need to incorporate first before this finance is available to you. Speak to your accountant about whether incorporating is right for your business.
Get the kit running again
See exactly what a Credicorp business loan would cost against your repair quote and term, then apply when it fits. Most decisions come back the same working day.
Credicorp 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 worked example above is illustrative and not a personalised quote. The Financial Ombudsman Service and Financial Services Compensation Scheme do not apply. Full details: regulatory status and responsible lending policy.