Credicorp offers short-term business finance to UK limited companies and LLPs, and companies based in Lancaster are fully eligible. The application is online, and there is no personal guarantee requirement — the loan is to the company.
What industries in Lancaster use commercial finance most?
Lancaster's economy includes higher education-linked supply businesses, health and social care providers, tourism hospitality, and professional services firms. These sectors share common financial pressure points: seasonal revenue, deferred payments from institutions, or large periodic outlays for equipment and refurbishment. Short-term finance lets a company meet those costs when they arise rather than waiting for income to catch up.
Is a Business Loan or Credicorp Flex better for my Lancaster company?
A Business Loan is the right fit when you have a specific project or purchase in mind and want a clean repayment schedule over a short fixed term. Credicorp Flex suits companies that need standing access to working capital — you draw from your facility when cash is tight and repay as invoices clear, without a separate application each time. For a single supplier invoice that needs spreading, Credicorp Slice divides it into three or four weekly instalments at a flat 6% fee.
Can a newly formed Lancaster company apply?
We assess companies on their individual trading position. A company incorporated very recently with no trading history will find it harder to demonstrate the financial profile we look for. Once you have established accounts and a clear revenue record, your application will be on stronger footing. All companies apply on the same basis irrespective of location.
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 Carlisle limited companies, Business finance for Chester limited companies, Short-term finance for Stockport limited companies