Credicorp offers short-term business finance to UK limited companies and LLPs, and Northampton companies are welcome to apply. There is no requirement for a director personal guarantee — lending is to the company.
Which Credicorp product fits a Northampton business?
Northampton has a diverse commercial base including logistics, manufacturing, footwear heritage businesses, and professional services. The right product depends on how your company's cash flows:
- Business Loan — a fixed lump sum repaid over a short, agreed term. Good for a defined outlay such as machinery, a shopfit, or a one-time supply order.
- Credicorp Flex — a revolving facility you draw down and repay repeatedly up to a set limit. Ideal for companies that need standing working-capital headroom.
- Credicorp Slice — splits a single bill into three or four equal weekly instalments at a flat 6% fee. Handy for managing a large invoice without tying up the full amount at once.
How quickly can funds be available?
Applications are handled online, and we aim to make decisions promptly once we have the information needed to assess your company's position. There is no lengthy branch process. Once approved, funds are transferred to the company's nominated account.
Does location affect my eligibility?
No. We assess the company's trading profile, not its postcode. A Northampton-registered company is assessed on the same basis as one based anywhere else in the UK. The company must be a UK limited company or LLP and must be actively trading.
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 Kettering limited companies, Can my Bedford limited company get short-term business finance?, Can my Peterborough limited company get short-term business finance?