Application forms can feel like a list of demands without context. Here is what Credicorp asks for and, just as importantly, why each item matters. Understanding the reason makes the application quicker and helps you supply the right thing first time.
About the company
- Company details — to confirm you are a UK limited company or LLP and to match your record at Companies House.
- The business purpose — to confirm the funds are for a genuine business need, which is the only basis on which we can lend.
About the people
- Director or member identity — to verify who is applying and that they have authority, and to meet anti-money-laundering obligations.
About the trading
- Business bank activity — usually via open banking with read-only access — so we can see how money flows through the company and lend responsibly.
What we do not need
Because we lend to the company and take no personal guarantee from directors, we are not assessing you as a personal borrower. We ask only for what is proportionate to a fair business lending decision.
Any rate, term or charge is confirmed only in the offer we present. These agreements sit outside the FCA consumer-credit regime, so there is no Financial Ombudsman Service access or FSCS cover.
See also: What to do if your business-loan application is declined, Credicorp Flex vs Credicorp Slice: how to choose and Does a previous decline stay on record when I re-apply?.