Limited companies and LLPs based in Truro or anywhere across Cornwall can apply for Credicorp business finance. Location does not restrict access; eligibility depends on the company's status and trading profile, not its postcode.
Finance products for Cornwall companies
- Business Loan — a fixed sum for a defined purpose, repaid over a short term. Suitable for Cornwall companies investing in infrastructure, equipment, or expanding into new trade areas.
- Credicorp Flex — a revolving credit line your company draws and repays as needed. Given Cornwall's strong seasonal trade patterns in tourism, food and drink, and marine industries, a standing facility can be more cost-effective than repeated term loans.
- Credicorp Slice — spreads one specific business bill into three or four equal weekly payments at a flat 6% fee with no compound interest.
Remote or rural location — does it matter?
No. Credicorp's application and disbursement process is fully digital. Being in Truro, Penzance, or any other Cornish location does not affect processing speed. Funds are paid to the company's business bank account after approval.
What companies are not eligible?
Credicorp does not lend to sole traders, general partnerships, or individuals. Only UK limited companies and LLPs incorporated at Companies House are eligible. This applies throughout the UK, including Cornwall.
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 Torquay limited companies, Business finance for Taunton companies, How Credicorp Slice spreads a bill weekly