Yes. Limited liability partnerships (LLPs) are eligible alongside limited companies, because both are incorporated entities registered at Companies House. The application journey is essentially the same, with a few differences in the terms used.
What is the same
- You apply in the LLP's name, with its Companies House number
- You verify the LLP's finances by Open Banking or statements
- You choose between Credicorp Flex and Credicorp Slice
- The finance is to the LLP, with no personal guarantee from members
What is different
An LLP has designated members rather than directors. We confirm these against Companies House in the same way we confirm a company's directors. The person applying needs the authority to commit the LLP, which may be set out in your members' agreement.
Authority within the LLP
Agree internally who will lead the application before you start, particularly if your members' agreement requires more than one member to authorise borrowing. This keeps the process smooth and avoids delays.
As with companies, this is business finance outside the consumer-credit regime and is not covered by the Financial Ombudsman Service or FSCS. We lend only to UK limited companies and LLPs, never to individuals.
Related articles cover whether an LLP can apply for Credicorp Flex or Slice, the Ltd versus LLP application difference and which business types can apply.
See also: Can a newly formed company apply?, Can a charity or charitable company apply?, Can a CIC or community interest company apply?.