Not every company receives the same offer. The amount we are willing to lend, the repayment term, and the total cost of borrowing are all shaped by factors specific to your company. This article explains the main ones so you know what to expect before you apply.
Factors that influence the amount we can offer
- Average monthly receipts — we look at the money coming into your business bank account over recent months. A company with consistent, higher income is typically eligible for a larger facility (illustrative, not a quote).
- Existing debt obligations — if your company already has significant scheduled outgoings, that reduces how much additional repayment is sustainable each week or fortnight.
- Company age and trading history — newer companies have less observable track record. We lend to recently incorporated companies, but the offer may be more conservative until trading history builds.
- Companies House filing status — overdue accounts or confirmation statements can be a negative signal. Keeping your filings up to date before you apply is worth doing.
- Business credit profile — defaults, County Court Judgements (CCJs), or adverse entries against your company will affect what we can offer, or whether we can lend at all at this time.
Why your requested amount may be adjusted
You may request a specific amount during the application and receive an offer for a different figure. This happens when our affordability assessment indicates that the requested repayment schedule would be too large relative to your company's observable cash flow. We will always show you the adjusted offer clearly before you accept, so you are never committed without knowing the revised terms.
What you can do before applying
There is no guaranteed way to improve your offer before applying, but some practical steps tend to help: ensuring Companies House records are current, clearing any outstanding business credit issues where possible, and applying at a time when your company's bank account reflects its typical trading position. For a guide to the full application process, see what happens after you accept a Credicorp loan offer.
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 makes a lending decision, What bank statements or documents do you need for a Credicorp application?.