The West Midlands is the UK's largest regional economy outside London, and Birmingham is home to tens of thousands of limited companies ranging from micro-businesses to substantial mid-market firms. Credicorp lends across this entire spectrum, provided the borrower is a UK limited company or LLP with a demonstrable trading history.
What kinds of businesses apply in the West Midlands?
We see applications from companies across a wide range of sectors: automotive supply chain, construction, professional services, retail, hospitality, and logistics are among the most common. The unifying factor is not sector but structure — the borrower must be a limited company or LLP, not a sole trader or partnership.
Speed of funding for West Midlands companies
One of the most common reasons directors come to Credicorp is speed. When a contract requires upfront spend or a supplier is offering a short-window discount, waiting weeks for a bank decision is not viable. Our process is designed to return an initial decision within one to two working days of a complete application — this is illustrative and not a commitment for any individual case.
No personal guarantee — what does that mean in practice?
A personal guarantee makes a company director personally liable for a business debt if the company cannot pay. Credicorp does not require this. The loan obligation sits with the company as a legal entity. Directors should still ensure the company can service the debt comfortably, but their personal assets are not at risk under our lending terms.
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 limited companies in Leicester, Business finance for companies in Manchester and Greater Manchester.