No. Applying costs nothing. There is no application fee, no arrangement fee for applying, and we are a direct lender, so there is no broker in the middle taking a cut. You can go all the way to an offer and still decide not to proceed at no charge.
Where cost actually sits
The cost of a Business Loan is the interest and any charges set out in your agreement, which you see in full before you sign — nothing is hidden and nothing is charged for simply applying. You are never committed by applying; you commit only when you accept an offer, as explained in what happens after you accept your offer.
Every offer shows the amount, the term, the repayment schedule and the total cost up front. If it does not suit, you can walk away. See whether you can withdraw before a decision and what happens if you have an offer but do not want to proceed.
No personal cost or personal guarantee
The loan is to the company, not to you personally, and we do not take a director personal guarantee — see why we do not take a personal guarantee. To model the total cost before you apply, use the repayment calculator at Credicorp Tools.
The headline rates and ranges live on our main site at Business Loans. When you are ready, apply free.
We lend only to UK limited companies and LLPs, the loan is to the company with no director personal guarantee, and this is business finance outside the consumer-credit regime — as an exempt lender under Article 60B of the Regulated Activities Order we sit outside FCA consumer-credit regulation, so the Financial Ombudsman Service and FSCS do not apply.
See also: What happens after you accept your offer?, Why we do not take a personal guarantee?, I have an offer but dont want to go ahead what now.