A little preparation makes the application smoother and helps us reach a decision faster. Credicorp lends only to UK limited companies and LLPs for business purposes, so most of the groundwork is about having your company's records straight and accessible before you begin.
Get your house in order first
- Confirm your Companies House details are current — registered office, directors and people with significant control should match reality.
- Know your business bank account — we review trading activity through your account, so make sure you can access it.
- Have a clear purpose in mind — what the funds are for, and how the borrowing fits your trading plans.
Think about the numbers qualitatively
You do not need a polished forecast, but it helps to understand your typical monthly income, your regular outgoings, and how comfortably your company could meet repayments at the rate and term shown in any offer. Borrowing should support the business, not stretch it.
Decide who will apply
The applicant should be a director or member with authority to borrow on the company's behalf. Have that person ready to complete identity checks.
Because Credicorp lends outside the FCA consumer-credit regime, there is no Financial Ombudsman Service or FSCS cover on these agreements. We do not take personal guarantees from directors — the loan is to the company.
See also: Affordability before you apply: weighing it up yourself, Can my business apply? The eligibility basics, What information should I have ready before I start?.