Credicorp is a business lender. We provide finance to UK limited companies and limited liability partnerships (LLPs) for genuine business purposes. The borrower is always the company or LLP itself, never an individual.
Who can apply
- Private limited companies (Ltd) registered at Companies House
- Limited liability partnerships (LLPs) registered at Companies House
Who cannot apply
- Sole traders and self-employed individuals
- Ordinary (unincorporated) partnerships
- Private individuals borrowing for personal reasons
- Charities, clubs and unincorporated associations
Because we lend to incorporated entities for business purposes, our lending sits outside the FCA consumer-credit regime. That means it is not covered by the Financial Ombudsman Service or the Financial Services Compensation Scheme (FSCS). We explain this clearly during the application so you know how your finance is regulated.
Why the company is the borrower
We assess and lend to the business as a legal entity. We do not take personal guarantees from directors, so the obligation to repay sits with the company. If you are unsure whether your structure qualifies, the quickest check is your Companies House registration: if your business has an Ltd or LLP company number, you are eligible to apply for Credicorp Flex or Credicorp Slice. You can check your eligibility in a couple of minutes before you start a full application.
See also: Does Credicorp lend to sole traders or individuals?, Who can apply for Credicorp Slice? and Can a sole trader or ordinary partnership apply?.