Before you sign, you receive a clear summary of the key terms — the amount, the term, the repayment schedule, the total you will repay and the charges. It is there so you can see exactly what you are agreeing to, in plain terms, before you commit.
What it covers
- The amount advanced and the term.
- The repayment schedule — how much, and when.
- The total cost of the borrowing.
- Any charges that could apply, and when.
Nothing is hidden and nothing is charged for reading it. If a figure is not clear, ask before you sign — a person can walk you through it. What this document covers in detail is in what the pre-contract summary covers.
Business finance, not consumer credit
Because this is exempt business lending rather than consumer credit, the framework differs from a personal agreement — the background is in what it means that we are an exempt lender. You still get a full, transparent breakdown before you sign; then acceptance is the final step. To model the total cost yourself first, use Credicorp Tools.
Apply and see the full terms before you commit.
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: What does the secci cover, What it means that we are an exempt lender?, What happens after you accept your offer?.