2 min read
The lumpy-revenue problem
Consultancies, agencies and professional firms earn in bursts, but salaries and overheads are constant. A gap between projects can turn a profitable year into a cash-flow scare.
Smooth it with a standby line
A business credit facility you draw only when needed covers wages and overheads through a quiet stretch and repays when the next engagement bills. You pay for what you use.
Protect the team
The worst response to a gap is losing skilled people you'll need next month. A facility lets you keep the team intact through the dip, which is usually far cheaper than rehiring.
What it means for you
Credicorp lends to your company, not to you personally, and takes no personal guarantee. See business loans or apply online when the numbers work.
Frequently asked questions
Should a consultancy keep a facility even when busy?
Yes. A standby line arranged in the good times is there for the inevitable quiet stretch. It costs little unused and prevents a scramble when a project ends unexpectedly.
How do I fund payroll between projects?
A working-capital facility or standby line covers wages through the gap and repays when the next engagement invoices. It keeps the team you'll need for the next project.
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Read →Funding for UK limited companies
Credicorp lends to your company, not to you personally — short-term working capital with no personal guarantee. See what your business could access.