Credicorp Flex is available to UK-registered limited companies and LLPs. We do not lend to sole traders, partnerships without limited liability status, or individuals. Lending is to the company as a legal entity, not to any individual director or member.
Trading history and turnover
Applicants are expected to have a demonstrable trading history — typically evidenced by filed accounts, bank statements or management accounts. Newly incorporated companies with very little trading activity are unlikely to meet the eligibility threshold for a Flex facility, though we assess each application on its own merits. There is no hard minimum turnover figure published, as limit sizing depends on the full picture of the business.
Financial health
Credicorp reviews the company's financial position as part of the application — including cash flow, existing liabilities and the directors' conduct of the business. A company in formal insolvency proceedings or with significant unresolved County Court Judgements is unlikely to be eligible. If your company has gone through a difficult period but has since stabilised, it is worth applying and explaining the context.
What we do not assess
Because the facility is to the company, we do not carry out personal credit checks on individual directors in the way a consumer lender would. The focus is on the business's own financial standing. There is no director personal guarantee required for a Credicorp Flex facility.
We lend only to UK limited companies and LLPs, and the loan is to the company with no director personal guarantee. As business finance outside the consumer-credit regime, it is not covered by the Financial Ombudsman Service or FSCS.
See also: How does Credicorp Flex work?, Can I increase my Credicorp Flex credit limit?.