Credicorp offers short-term finance to UK limited companies and LLPs, and companies based in Wigan and the wider borough can apply online. No personal guarantee from directors is required — the lending sits with the company.
What are the finance options for a Wigan company?
A Business Loan suits companies with a clearly defined cost: purchasing equipment, covering a project gap, or making a one-off trade buy. It provides a fixed sum over a fixed short term with consistent repayments. Credicorp Flex is a revolving credit line — draw up to your agreed limit as needed, repay it, and redraw without a new application. This suits Wigan-area companies in logistics, construction supply, or any trade where payment timing creates short-term gaps. Credicorp Slice is a bill-spreading tool: it takes a single invoice and splits it into three or four weekly payments at a flat 6% fee.
Can a Wigan company with a short trading history apply?
We consider applications from companies at various stages, though a track record does strengthen an application. Newer companies should provide management accounts and any contracted revenue documentation alongside their bank statements. Being transparent about your trading stage helps our credit team assess your application fairly.
What about sole traders in Wigan?
Credicorp does not lend to sole traders or individuals. Our products are exclusively for UK limited companies and LLPs. If you are currently operating as a sole trader and considering incorporating, that structural change is outside what we can advise on — but once your company is registered, you would become eligible to apply.
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 Warrington limited companies, Business finance for Bolton limited companies.