Yes. Credicorp lends to UK limited liability partnerships (LLPs) as well as to private limited companies. Both Credicorp Flex and Credicorp Slice are available to an LLP, provided the borrowing is for genuine business purposes.
Who applies on behalf of the LLP
An application should be started by a designated member of the LLP, or by a member with authority to take on borrowing for the partnership. The loan agreement is with the LLP itself, not with any individual member.
- Have your LLP registration number from Companies House ready.
- Make sure the named members on the application match the current Companies House record.
- Be clear about the business purpose of the funds.
What we look at
For an LLP we consider the partnership's trading activity, how the LLP manages its money day to day, and the purpose of the funds, in the same way we would for a limited company. The rate and term you are offered are shown in your offer if your application is approved.
Important to know
Because Credicorp is an exempt business lender, this borrowing sits outside the FCA consumer credit regime. That means it is not covered by the Financial Ombudsman Service or FSCS. We do not take personal guarantees from members. If you are unsure whether an LLP is the right structure for borrowing, speak to your accountant before you apply.
For more LLP detail, see whether an LLP applies the same way as a limited company, the difference between applying as a Ltd and an LLP and the application journey.
See also: Can a newly formed company apply?, Can a charity or charitable company apply?, Can a CIC or community interest company apply?.