You can apply, and many perfectly sound companies lean heavily on one big customer. It is not a bar — but concentration is a risk we take into account, because if that one customer stumbles, so does the income that repays a loan. Showing stability around it helps.
Why concentration matters
A single dominant customer means the company's fortunes ride on one relationship. We read that in the bank activity and factor it into affordability — what does assessing affordability mean. Steady, reliable payments from that customer, and a business otherwise in good order, reassure us; erratic or late payment does the opposite — can i apply to bridge a late paying customer.
- A track record of that customer paying reliably.
- Healthy headroom so one late payment is not fatal.
- Any signs of broadening the customer base.
Borrow with the risk in mind
Size the loan so a single missed payment from the big customer would not sink you — model it at Credicorp Tools. The sector guides at Credicorp for Sectors cover concentration in project-based trades. What strengthens the overall picture is in what strengthens an application.
Apply with a clear-eyed view of the risk.
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: Can I apply if my company's turnover is seasonal or irregular?, Can I apply for finance to bridge a late-paying customer?, What strengthens an application?.