Before you apply — please read

Who can apply

This product is available only to UK incorporated bodies corporate (Ltd, LLP, PLC). The application must be made by a director, member or officer of the company with authority to bind it. You will be asked to confirm that authority during the application.

Business purpose declaration

You will be asked to declare, at signing, that the loan is being taken wholly or predominantly for the purposes of the company's trade or business. Loans taken for personal purposes — even in the company name — fall outside our lending criteria and will be recalled.

No personal guarantee

The company alone is the borrower. We do not ask for, and will not accept, a personal guarantee from the director or any other officer. If the company defaults, our recovery is against the company's assets only.

Credit checks and reporting

We perform credit checks against business credit reference agencies, including Experian Business, Creditsafe and Equifax Business. We report repayment performance to those same agencies. We do not perform consumer credit checks on directors and we do not report to consumer credit reference agencies.

Your right to withdraw

As a matter of policy — not regulatory obligation, since this is unregulated business lending — we grant a five-business-day withdrawal right from the date of drawdown. If you choose to withdraw within that period, you repay the principal plus interest accrued for the days the funds were held; the establishment fee is refunded.

Total cost cap

The total amount your company will repay under any single agreement, including interest and fees of every kind, is capped at 100% of the principal. You will never repay more than double the amount advanced on a single loan.

Complaints

If you are unhappy with any aspect of our service, please write to complaints@credicorp.co.uk in the first instance. We aim to acknowledge complaints within two business days and to provide a full response within fifteen business days.

Because this is unregulated business lending under the body-corporate exemption, disputes about this product are not eligible for the Financial Ombudsman Service. Our internal complaints process is the final stage of escalation. Companies may also have remedies through the courts.

Data protection

Personal data captured during the application (director name, contact details, identification) is processed in accordance with our privacy policy. Company data and repayment data is shared with business credit reference agencies and may be retained for up to six years after the agreement ends.