If the offer is smaller than you wanted, you have options — you are not stuck with it and you are not obliged to take it. You can accept the lower amount, ask us to look again if something supports a higher figure, or decline entirely. The offer reflects affordability, so the route to more is usually more headroom.
Why it may be lower
We offer up to what the company can comfortably afford — how much your business can borrow, and for how long and what does assessing affordability mean. A lower figure means the assessment saw less headroom, not that we doubt your business. Asking for more than the cash flow supports is the commonest reason an amount is trimmed.
- Take the offered amount — you never have to borrow the maximum.
- Provide context that supports more — can i ask you to reconsider a declined application.
- Decline and rethink — i have an offer but dont want to go ahead what now.
Building toward more
A clean on-time record on a smaller loan often unlocks a larger one later — can i apply again if my first loan was not enough and what strengthens an application. Model both figures at Credicorp Tools.
Apply and discuss the amount if it is not quite right.
We lend only to UK limited companies and LLPs, the loan is to the company with no director personal guarantee, and this is business finance outside the consumer-credit regime — as an exempt lender under Article 60B of the Regulated Activities Order we sit outside FCA consumer-credit regulation, so the Financial Ombudsman Service and FSCS do not apply.
See also: Can I change the amount or term after I get an offer?, Can I apply again for the same purpose if my first loan was not enough?, I have an offer but dont want to go ahead what now.