Yes — Credicorp does consider applications from recently incorporated limited companies and LLPs. The key factor is not simply how long you have been registered, but the quality of the financial evidence you can provide.
What counts as trading history?
A company incorporated six months ago with a healthy, consistent flow of business income and a clean bank record will typically be assessed more favourably than an older company with erratic cash flow. We look at the evidence of actual trading — invoices paid in, regular outgoings, VAT returns — rather than the date on your certificate of incorporation alone.
What to expect as a new company
- Initial credit limits may be more conservative than for an established business.
- We will rely heavily on Open Banking data and any management accounts you can provide.
- A Credicorp Slice product — spreading a single specific bill at a flat 6% fee — can be a practical starting point, as the exposure is limited and clearly defined.
Strengthening your application
Connect your business bank account via Open Banking, provide at least three months of transaction history, and give a clear description of your trading model. If you have contracts or confirmed orders, these can also support the assessment even if not formally required.
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: Applying mid-financial year with no new filed accounts, What documents do I need to apply?.