Deciding how much to ask for is one of the most important parts of preparing an application. Borrow too little and you may need to come back; borrow too much and you carry repayments your company does not need. The right figure sits where the funds clearly serve a purpose and the repayments sit comfortably within your trading.
Start from the purpose, not a round number
Work out what the money is actually for. If it is equipment, a project, stock or covering a gap, cost it out properly. A request anchored to a real, specific use is easier for us to assess and easier for you to justify to yourself.
Test it against repayment capacity
- Look at your typical monthly surplus after regular outgoings.
- Ask whether repayments at the rate and term in your eventual offer would still leave headroom in a slower month.
- Leave room for the unexpected — do not borrow right up to the edge of what you could manage on a good month.
Match the product to the need
If the need is ongoing or uneven, Credicorp Flex lets you draw as required rather than taking a lump you do not yet need. For a single, defined cost, Credicorp Slice may suit better.
We will only confirm an amount and the associated figures in your offer — review those carefully. Remember the loan is to your company, with no personal guarantee, and these agreements fall outside FCA consumer-credit protections.
See also: The Business Purpose Declaration: what you're signing, Can my company have more than one Credicorp loan?, What is a business loan?.