Yes, in principle. Two separate limited companies under the same ownership can each apply and each hold a loan, because each is a distinct legal entity assessed on its own trading. Common ownership does not merge them — but the overall picture is considered so that borrowing stays sensible across the businesses.
Separate entities, separate assessments
Each company applies in its own name, with its own bank account and its own affordability read. A strong company qualifies on its own footing; a weaker one is not carried by its sibling. The single-company version is in can my business have more than one loan with you, and connected structures in can a holding company or group company apply.
Where companies share money or a director, that context is part of responsible lending — see can i apply if a director is shared with another business. Clean, separate banking for each company makes each application clearer.
Borrow across them responsibly
Two loans across two companies means two sets of repayments — make sure each business can genuinely afford its own, per what does assessing affordability mean. Model each at Credicorp Tools before committing. If one business gets tight, support is there.
Apply for whichever company needs it — or both.
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 my business have more than one loan with you, Can a holding company or group company apply, Can I apply if my company shares a director with another business?.