Credicorp business loans are general-purpose commercial finance. You are not restricted to a single approved category of spend, which means you can direct the funds wherever your company needs them most.
Common uses
- Purchasing stock or raw materials ahead of a busy period
- Funding a marketing campaign or product launch
- Covering the cost of a large contract before the client pays
- Hiring and onboarding additional staff
- Acquiring equipment, vehicles, or fixtures
- Refitting or relocating premises
- Bridging a timing gap while a larger facility completes
What is not eligible
The loan must be used for bona fide business purposes. We do not lend for personal expenditure, and the funds must remain within the borrowing company. We may ask for brief detail on the intended use during the application — this helps us size the facility appropriately, not to restrict your choices.
Matching the product to the purpose
Because a business loan is a fixed sum over a fixed term, it works best when you have a specific cost in mind. If you need ongoing access to funds — for example, to smooth regular supplier payments — Credicorp Flex may be a better fit. If you need to spread a single known bill into instalments, Credicorp Slice is designed for exactly that.
We lend only to UK limited companies and LLPs, and the loan is to the company with no director personal guarantee. As business finance outside the consumer-credit regime, it is not covered by the Financial Ombudsman Service or FSCS.
See also: How does the Credicorp business loan work?, What affects the amount Credicorp will offer?.