2 min read
Why transport and logistics firms need finance
Fuel, maintenance, driver wages and vehicle costs are relentless and up front, while clients pay on terms. Margins are thin, so a timing gap or a vehicle failure bites quickly.
What tends to fit
Asset finance spreads the cost of vehicles, and a working-capital facility covers fuel and wages between jobs and payments.
What it means for you
See the sector view for transport and logistics. Credicorp lends to your company, not to you personally, and takes no personal guarantee. See business loans or apply online.
Frequently asked questions
How do hauliers fund new vehicles?
Asset finance spreads the cost of a vehicle over its working life, using the vehicle itself as security, so a big purchase does not drain cash.
What covers day-to-day transport costs?
A short facility bridges fuel, maintenance and wages between doing the work and being paid, which matters on thin margins.
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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.