Credicorp lends to UK limited companies and LLPs, and Chester-based businesses are eligible to apply. Our three finance products cover different cash-flow needs, and there is no director personal guarantee at any stage.
What does Chester's business landscape look like for finance needs?
Chester has a strong retail and tourism economy alongside professional services, technology businesses, and cross-border trade with Wales and the broader North West. Retail and hospitality companies often need pre-season stock finance or refurbishment funding; professional-services firms may need to bridge a gap between completing a project and receiving payment. Both scenarios are well suited to Credicorp's products.
Breaking down the three Credicorp products
- Business Loan — fixed sum, short fixed term. Predictable repayments. Best when you know the exact amount you need and when you can repay.
- Credicorp Flex — revolving facility with a set limit. Draw, repay, redraw without reapplying. Efficient for companies with recurring short-term cash needs across the year.
- Credicorp Slice — takes a specific invoice and splits it into three or four weekly instalments at a flat 6% fee. Not a general loan; it is tied to a single bill.
How long does the process take?
We aim to assess applications promptly once we have the necessary information about your company. There are no branch visits or face-to-face meetings required. If approved, funds are transferred to the company account. The speed of the process depends partly on how quickly you can provide the information we request.
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: Business finance for Crewe limited companies, Short-term business finance for Lancaster limited companies, Short-term finance for Stockport limited companies