It is common for a limited company or LLP to get a different outcome from Credicorp than from a high-street bank, in either direction. That is not a contradiction; it reflects how lenders differ.
Why outcomes vary between lenders
- Each lender uses its own criteria and risk appetite
- Different data sources give a different read on the same business
- Products are shaped differently, so affordability is judged differently
- Timing matters; assessments reflect the picture on the day
What it means for you
A decline elsewhere does not mean we will decline, and an offer from us does not mean every lender would agree. We assess your company against our own view of sustainable borrowing.
How we differ
We lend only to UK companies and LLPs for business purposes, take no personal guarantees, and base offers on the company's own ability to repay. The rate and terms in your offer reflect that assessment, not a standard product price.
Credicorp is an exempt business lender. The Financial Ombudsman Service and FSCS do not apply.
See also: How your bank data affects the decision, How is Flex different from a business overdraft? and What we look at when we make a lending decision.