A commercial finance broker can be valuable when you are unsure which product or lender suits your company, or when your circumstances are complex. However, for many limited companies there are clear advantages to applying directly.
What a broker adds
Brokers hold relationships with many lenders and can match your profile to options you might not find yourself — including niche asset-based products, specialist sector lenders, or larger structured deals. If your credit profile is complex or your needs are unusual, a whole-of-market broker can save you time and improve your chances. Brokers typically charge either an upfront fee or a commission paid by the lender, which may be reflected in the cost to you.
Applying to Credicorp directly
Credicorp accepts direct applications from UK limited companies and LLPs. There is no broker fee, and you deal directly with the credit team. You receive a decision on our product range — Business Loan, Flex, and Slice — without a third party in the middle. You retain full visibility of terms before accepting anything.
When each makes sense
If you already know you want a short-term business loan, a revolving facility, or to spread a specific bill over instalments, applying directly is straightforward. If you need a wider market comparison — including secured lending, asset finance, or longer-term bank facilities — a broker adds genuine value. Credicorp does not pay broker referral fees that are hidden from applicants; we are transparent about costs.
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: Credicorp vs a bank business loan, Credicorp vs asset finance.