You can apply, but a cash-heavy business faces a specific challenge: if a lot of takings never pass through the business bank account, we cannot see them, and we can only assess what we can see. The more of your genuine trading that flows through the account, the clearer — and usually stronger — your application.
We assess what is visible
Affordability comes from the bank feed — what does assessing affordability mean. Cash that is taken but not banked is invisible to that assessment, which can make a busy company look quieter than it is. Banking your takings properly is the single most useful thing you can do — for us and for good record-keeping generally.
- Bank cash takings through the company's own account.
- Keep the account activity a true reflection of the business.
- Provide context if a genuine reason explains a gap — what documents we might ask you to provide.
Sector reality
Cash-based trades — hospitality, some retail, market traders — are covered in the industry guides at Credicorp for Sectors. Eligibility basics remain — whether there is a minimum turnover to apply.
Bank your takings, then apply.
We lend only to UK limited companies and LLPs, the loan is to the company with no director personal guarantee, and this is business finance outside the consumer-credit regime — as an exempt lender under Article 60B of the Regulated Activities Order we sit outside FCA consumer-credit regulation, so the Financial Ombudsman Service and FSCS do not apply.
See also: Whether there is a minimum turnover to apply, What does 'assessing affordability' actually mean?, Which business bank accounts you can connect?.