When your limited company or LLP applies to Credicorp, the application is assessed by an automated decision engine. It reads the information you provide and the data sources you connect, then weighs them against our lending criteria to reach a consistent outcome.
What the engine is doing
The model is looking for a realistic picture of how your business trades and whether the borrowing you have requested fits comfortably alongside your existing commitments. It considers signals together rather than relying on any single figure, so no one data point automatically decides the result.
- The pattern and stability of money flowing through the business
- Existing commitments the company already carries
- How the requested product and term sit against that picture
- Consistency between the figures you give and the data we can see
Why we use a model
Automated assessment lets us treat similar businesses in a similar way and return a decision quickly. The rate and terms in any offer reflect what the assessment indicates is affordable for your company, never a fixed price applied to everyone.
Important to know
Credicorp lends only to UK limited companies and LLPs for business purposes. As an exempt lender we sit outside the FCA consumer-credit regime, so the Financial Ombudsman Service and FSCS do not apply. We never take personal guarantees from directors. For the principles behind these assessments, see how we lend.
See also: Credicorp Flex vs Credicorp Slice: how to choose, How do payments differ between Credicorp Flex and Slice? and How existing debt affects the decision.