Applying

Can I apply for finance to take on a bigger order or contract?

Yes — funding a larger order or contract is a genuine business purpose, and you can apply for finance to cover it. The application is the same whichever specific need you have; what matters is that the borrowing is for the business and that the amount fits what the company can comfortably afford.

Why this is a valid purpose

Winning a bigger order often means laying out for materials, labour or capacity before the customer pays — a good problem that still needs cash up front, which short-term finance can provide. That makes it exactly the kind of short-term, working-capital need a Credicorp Business Loan is built for. Being clear about the purpose is helpful — what counts as a business purpose and why we need to know what the finance is for.

Same application, any purpose

You do not need quotes or contracts for a short-term loan — a clear one-line purpose is enough. The affordability test is what sets the amount, not the type of cost — what does assessing affordability mean.

Sizing it right

Borrow what the need requires and the business can carry, not the maximum on offer — does applying for a larger amount make a decline more likely. Model the repayment against your cash flow at Credicorp Tools. When you know the figure, run the quick checklist.

Apply to fund funding a larger order or contract.

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.

Match the term to when the contract pays out, so repayment lines up with the income it unlocks — model it at Credicorp Tools.

See also: Can I apply for finance to pay a supplier invoice?, What does 'assessing affordability' actually mean?, Can I apply if my company's turnover is seasonal or irregular?.

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