Because Credicorp lends to the company — not to any individual director — the application must be completed and signed off by someone with the legal authority to bind the company to a financial agreement.
Who qualifies
- Registered directors: Anyone listed as an active director at Companies House has the authority to apply on behalf of the company.
- Company secretaries and authorised signatories: If your company has formally authorised someone other than a director to enter financial contracts, they may apply, but we will ask for evidence of that authority (for example, a board resolution).
- LLP designated members: For LLPs, designated members have equivalent authority.
Multiple directors
If your company's articles require two directors to authorise financial commitments above a certain threshold, both will need to countersign the loan agreement. This is uncommon for smaller facilities but worth checking your articles before you start. Our agreement process supports electronic signatures, so a co-signature can be obtained quickly.
What we verify
We cross-reference the applicant's name against the Companies House register as part of the standard check. If there is a discrepancy — for example, your name at Companies House differs from the name on your ID — resolving it before you apply will avoid delays.
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: What slows down a business finance application?, What documents do I need to apply?.