Because the first assessment is automated, many applications from limited companies and LLPs receive an outcome shortly after submission. Some take a little longer when a closer look is needed.
What helps a fast result
- Connecting your business bank account so trading is visible instantly
- Company details that match Companies House records
- A complete application with nothing left blank
What can add time
- Applications referred for a human to review
- Requests for additional documents or clarification
- Information that needs to be verified against other sources
If your application is referred
A referral is not a decline. It simply means a person will look more closely before a final outcome. We will keep you informed and contact you if we need anything further.
Credicorp is an exempt business lender. The Financial Ombudsman Service and FSCS do not apply to this borrowing.
See also: Is the decision fair and unbiased?, Can I ask a person to review an automated decision?, Does how long my company has banked affect the decision?.