2 min read
The problem with waiting for the insurer
Business interruption and property claims can take weeks or months to settle, but rent, wages and lost customers do not wait. The cost of staying shut usually dwarfs the cost of borrowing to reopen.
Fund the reopen now
A short-term facility funds emergency repairs, replacement stock and equipment so you can trade again within days. Asset finance can replace ruined machinery without a large cash outlay.
Repay when the claim lands
Structure the borrowing so it can be settled early when the insurance payout arrives — check any early-settlement terms. Because Credicorp lends to the company, the claim proceeds simply clear the facility.
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 I wait for the insurer before spending?
No. Document everything for the claim, but reopening quickly protects revenue and customer relationships far more than the delay saves. Bridge finance exists precisely for this gap.
Can I fund replacement equipment as well as repairs?
Yes. Asset finance spreads the cost of replacement machinery or vehicles, while a working-capital facility covers repairs, stock and wages until trade recovers.
Related reading
I have an unexpected repair or replacement bill — what now?
An unexpected essential bill is exactly what a buffer and short-term finance are for — cover it fast to keep…
Read →
How quickly can I get emergency business funding?
Short-term finance can often be arranged in a day or two with a well-prepared application, so an urgent cash…
Read →
Do I need business interruption insurance?
Business interruption insurance covers lost income when an insured event stops you trading — a valuable layer…
Read →
I need to replace a vehicle written off in an accident — how do I fund it fast?
A written-off vehicle stops work until it's replaced; asset finance or a short bridge gets you back on the…
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.