Credicorp provides short-term commercial finance to UK limited companies and LLPs, including businesses based in Worcester and the wider Worcestershire area. The lending is to the company — directors are not required to provide a personal guarantee — and the application is completed entirely online.
What Worcester businesses borrow for
Worcester has a diverse commercial economy spanning professional services, food and drink production, logistics, construction, and healthcare-adjacent businesses. Common reasons a Worcester limited company turns to short-term finance include:
- Purchasing stock or raw materials ahead of a confirmed order.
- Bridging the period between completing a contract and receiving payment.
- Funding a planned equipment purchase or premises improvement.
- Smoothing cash flow during a seasonal dip in revenue.
Which Credicorp product is right for a Worcester company?
If the need is a single, defined cost with a known amount, a Business Loan offers a fixed sum over a fixed short term. If the company expects to need finance on a recurring or variable basis, Credicorp Flex — a revolving facility — is more efficient: one approval, with the ability to draw and repay repeatedly. For a single large bill that is straining this month's cash position, Credicorp Slice spreads it over three or four weekly payments at a flat 6% fee.
How long does the process take?
Credicorp's process is online and designed for commercial speed. After submitting your application with your company's details and recent bank statements, decisions are made on the company's trading position. Approved funds are transferred to the company's business bank account — no solicitors, no lengthy underwriting queues.
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 loans for Hereford limited companies, Business loans for Redditch limited companies, How does Credicorp Flex revolving credit work?