Before you spend time on an application, it is worth checking whether your business fits. Credicorp is a UK business lender, and our products are designed around the needs of incorporated firms.
Who we can lend to
- UK limited companies registered at Companies House.
- UK limited liability partnerships (LLPs).
In both cases the borrowing must be for genuine business purposes, and the application must be made by a director or member with authority to act for the company.
Who we cannot lend to
- Individuals borrowing in their own name.
- Sole traders who have not incorporated.
- Anyone seeking funds for personal, household or family use.
Why the distinction matters
Lending to limited companies and LLPs for business purposes sits outside the FCA consumer-credit regime. That means these agreements do not carry Financial Ombudsman Service access or FSCS protection. It also means we structure things to suit business borrowers — for example, we do not take personal guarantees from directors. The loan is an obligation of the company.
If you are unsure whether your structure qualifies, check your company type on Companies House before applying. Our two products, Credicorp Flex and Credicorp Slice, are both for eligible businesses only.
See also: How to prepare your company before you apply, Affordability before you apply: weighing it up yourself, Common business loan application mistakes to avoid.