One of the biggest fears in difficulty is that costs will spiral. On a Credicorp Business Loan they cannot, because of a fixed cap that survives arrears.
The cap is a hard ceiling
The total cost of credit — all the interest plus the one-time £5 establishment fee — is capped at 100% of the amount you borrowed. That means you can never repay more than double the sum advanced. Falling behind does not switch the cap off. Interest still accrues at 0.25% per day while a balance is outstanding, but it can only ever add up to the cap, never beyond it.
What this means in practice
Borrow £500 and, however long it takes and whatever difficulty arises, the most the company can ever repay is £1,000. There are no late-payment penalties stacked on top that break the cap, and no surprise charges invented as punishment. Every figure traces back to the agreement you signed.
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: Does interest keep building while my company is in arrears?, What happens when your company falls into arrears?, What not to do when your company cannot pay.