When you apply for a Business Loan, Credicorp Flex, or Credicorp Slice, we collect the information we need to identify your company, assess its financial health, and manage the ongoing facility. Here is a plain breakdown of what that includes.
Company and identity information
- Registered company name, number, and registered office address
- Director names, dates of birth, and contact details
- Companies House filing data, including confirmation statements and accounts
- Details of beneficial owners holding more than 25% of the company
Financial and transactional data
- Business bank account details and, where you consent, Open Banking transaction feeds
- Management accounts, filed accounts, or accountant-prepared summaries you upload
- VAT returns and HMRC correspondence you choose to share
- Invoice or purchase-order data where relevant to a Slice application
Application and communications data
- Enquiry forms, email threads, and in-portal messages
- Device and browser data collected when you use our portal (cookies policy applies)
- Any supporting documents you submit, such as bank statements or contracts
We collect only what is proportionate to the product you are applying for. A Credicorp Slice application, for example, requires less information than a Flex facility, because the risk profile and credit limit differ substantially.
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 Credicorp uses Open Banking data, Who Credicorp shares your business data with.