No. Credicorp lends only to UK limited companies and limited liability partnerships (LLPs), and only for business purposes. We do not lend to individuals, sole traders, or ordinary partnerships made up of individuals.
Why the restriction
Our products are structured for incorporated businesses. A limited company or LLP is a separate legal entity from the people who run it, and our agreement is with that entity. A sole trader, by contrast, is legally the same as the individual behind the business, which would bring the lending into the consumer-credit space we don't operate in.
What this means for you
- If your business is a limited company or LLP, you may be eligible to apply
- If you trade as a sole trader, we are not able to lend to you
- We never lend for personal or household purposes
If you've recently incorporated
If you used to trade as a sole trader and have since set up a limited company, it's the company that would apply, and we'd assess the company on its own footing. Bear in mind that a newly incorporated company has a shorter trading history, which we take into account.
Because we lend only to businesses, this is exempt business lending: the Financial Ombudsman Service and FSCS protection do not apply.
For eligibility detail, see which businesses can borrow from Credicorp, lending to limited companies across the UK and what exempt business lending means.
See also: Careers at Credicorp, Credicorp Flex and Credicorp Slice: our two products explained, Is Credicorp a lender or a broker?.