Some things make it harder for our decision engine to build confidence in your limited company or LLP. Knowing them in advance helps you understand an outcome that was not what you hoped for.
Things that count against an application
- Irregular or unpredictable income running through the business
- Existing commitments that already absorb most of the cash flow
- Recent signs of strain, such as returned payments or arrears
- Information that does not match what we can independently see
- A requested amount that is large relative to trading
Why these matter
Each of these makes it harder to be confident the company can comfortably meet repayments. The assessment is not judging the business as a whole; it is testing whether this specific borrowing fits right now.
What you can do
If one of these applies, it is often worth waiting until the picture improves before reapplying. Connecting your business bank account can also help where self-reported figures understate how the company actually trades.
Credicorp is an exempt business lender to UK companies and LLPs only. The Financial Ombudsman Service and FSCS do not apply.
See also: Common business loan application mistakes to avoid, What can strengthen your application and Vulnerability: how to ask for extra support.