An offer shows a specific amount and term, but it is not a take-it-or-leave-it lock before you have signed. If a slightly different figure or term would suit your business better, you can ask — within what remains affordable for the company.
What can flex
You are never obliged to take the full amount offered. Borrowing less than the maximum is usually straightforward. A larger amount or longer term has to stay inside what the affordability assessment supports, so those requests may mean a fresh look at the figures. The principle behind it is in what does assessing affordability mean.
Up to the point you accept, you are free to adjust, decline or walk away — see changing your amount or cancelling and not going ahead with an offer.
How to ask
Raise it in your portal or with the team before you accept — a person can talk it through. To sanity-check a different amount first, run it through the calculator at Credicorp Tools. Once you are happy, accepting is the next step.
Apply and shape the offer to fit.
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 change my loan amount or cancel after i apply, I have an offer but dont want to go ahead what now, What happens after you accept your offer?.