Yes. Credicorp lends to UK limited companies and LLPs wherever they trade, and Bedford-based businesses are fully eligible to apply.
What can the finance be used for?
The use of funds is at the company's discretion, provided the purpose is a legitimate business one. Bedford businesses have used short-term finance for stock purchases ahead of a busy period, bridging gaps between project invoices, covering fleet maintenance costs, and funding premises improvements. Our Business Loan suits one-off capital needs; Credicorp Flex works better if your cash demands vary month to month; Credicorp Slice is designed to spread a single large bill over three or four weekly payments at a flat 6% fee.
Is there a minimum trading history?
We consider companies that have been actively trading and can demonstrate their financial position. Newly incorporated companies with very limited accounts may find eligibility more restricted — applying once you have a clear trading record strengthens your case. All applications are assessed on the company's own merits.
What makes Credicorp different from a bank overdraft?
Bank facilities can take weeks to arrange and often require extensive security. Credicorp's process is designed to be quicker, and crucially there is no requirement for a director to provide a personal guarantee — the obligation sits with the company. That distinction matters for directors who want to keep personal and business finances cleanly separated.
We lend only to UK limited companies and LLPs, and the loan is to the company with no director personal guarantee. As business finance outside the consumer-credit regime, it is not covered by the Financial Ombudsman Service or FSCS.
See also: Can my Peterborough limited company get short-term business finance?, Short-term business loans for Northampton companies, Business finance for King's Lynn limited companies