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Credicorp vs Funding Circle
Funding Circle is one of the UK's biggest small-business lenders, built around multi-year term loans with fixed monthly repayments — typically with a director's personal guarantee. Credicorp sits at the other end of the scale: small, short, company-only, no guarantee.
- 1 hour Typical decision in working hours
- Same day Funding once you accept the offer
- £50–£2,000 Advanced to UK limited companies
- 100% cap Total cost of credit, capped — never repay more than double
- No PG No personal guarantee — we lend to the company
Applications reviewed by Credicorp to date: thousands of UK companies
Figures are the published product terms, resolved from our single pricing source (/ai.md). Every application is assessed on its own merits — approval is never guaranteed.
In short
Choose Credicorp for a small, fast, short-term need with no personal exposure; Funding Circle is a strong choice for a larger amount repaid in fixed monthly instalments over several years.
Side by side
| Credicorp | Funding Circle | |
|---|---|---|
| Product shape | A small fixed amount over a fixed short term | A term loan generally repaid monthly over one to several years |
| Personal guarantee | None, ever — the company is the sole obligor | A director's personal guarantee is typically required |
| Personal credit footprint | No personal credit search on any director | Directors are generally part of the assessment |
| Scale | Micro-credit — sized for a single short-term gap | Generally suited to substantially larger borrowing |
| Cost profile | Higher annualised rate, but you borrow for days and the total is capped | Lower annualised rates typical of multi-year lending — interest runs for the life of the loan |
| Best for | A gap measured in days or weeks, funded today | A planned investment repaid steadily over years |
When Funding Circle may suit you better
We would rather you borrow well than borrow from us. Consider the alternative if:
- You are borrowing a larger amount for growth, an acquisition or major investment
- You want fixed monthly repayments spread over several years
- A low annualised rate matters more than avoiding a personal guarantee
Otherwise, for a fast, capped, company-only short-term need, Credicorp is built for exactly that.
What Credicorp gives you
- £50–£500 of short-term business credit, lent to the company
- No personal guarantee and no personal credit search on any director
- Total cost of credit capped at 100% — you never repay more than double
- Decision typically within the hour, same-day funding on acceptance
- Interest only for the days you borrow — settling early costs less
Your instant cost preview
Drag to your figure — see exactly what you would repay before you apply. No credit search, no obligation.
Capped at 100% of the amount borrowed.
Illustration only, not an offer or a lending decision, and not a quote personal to you. Interest is simple (no compounding) and charged only for the days you borrow, so settling early costs less. Full terms and the single pricing source: Business Loan · /ai.md.
Common questions
- When is Credicorp the better fit than Funding Circle?
- When the need is small, short and urgent — covering a payment run, a bill or a stock buy for days or weeks — and when you will not give a personal guarantee. For a large multi-year loan, a lender like Funding Circle is built for exactly that.
- Is Credicorp cheaper than Funding Circle?
- They are priced for different jobs. A multi-year term loan carries a lower annualised rate but accrues interest for years; Credicorp charges a higher daily rate for a handful of days or weeks, with the total capped and shown before you commit. Compare the pound cost for your actual need in our preview, and check Funding Circle's current terms on their own site — their pricing is theirs to state and can change.
- Do I need a personal guarantee with Credicorp?
- No. Credicorp lends to the company — a UK limited company or LLP — as the sole obligor. There is no personal guarantee and no personal credit search on any director. The debt is the company's, not yours.
- How fast is Credicorp?
- Applications are reviewed in working hours, with a decision typically confirmed within the hour and same-day funding once you accept the offer.
Decision in minutes
Apply in minutes, get a decision typically within the hour, and have the funds the same day you accept — no personal guarantee, capped cost.
Comparisons describe the general structure of each option, not specific competitor pricing. Credicorp lends to UK limited companies and LLPs under the body-corporate exemption (Articles 60B and 60L of the FSMA (Regulated Activities) Order 2001); this is not consumer lending, and the FOS and FSCS do not apply. Short-term business credit carries a high annualised cost — borrow only what you need, for the shortest term. Full details: regulatory status and responsible lending.
Before you go — see your cost in 5 seconds
No credit search, no obligation. Borrow £50–£500, get a decision within the hour in working hours, and same-day funding once you accept. We lend to the company — no personal guarantee.
Or use the full calculator first.