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Read guide →Short-term lending for IT, software and technology businesses
IT consultancies, software firms, SaaS businesses, dev studios and managed-service providers front software licences, cloud bills and contractor day-rates long before enterprise clients settle on 30 to 60 day terms. Credicorp bridges that billing gap for UK incorporated IT and software companies — no personal guarantee, decisions most working days.
UK Ltd or LLP only · No personal guarantee · Decisions most working days
Recognise any of these?
- A software or cloud licence renewal falling due before the client work it supports is invoiced and paid
- A contractor or freelance developer to bring on for a project before the extra revenue clears
- A reliable enterprise client paying on 60-day procurement terms while your own costs run monthly
- A single late invoice from one big client leaving a short, defined gap before payroll or a renewal
If so, a Credicorp short-term business loan could help you bridge that gap.
Which product fits?
Credicorp Flex Recommended for this sector
Technology cash-flow gaps tend to repeat — licence and cloud renewals, contractor day-rates and ad spend recur project after project while enterprise clients pay on long terms, so a revolving facility usually fits better than a single advance. Credicorp Flex gives a limit of £50–£500 you can draw against when a renewal or contractor falls due, repay as each client invoice settles, and redraw for the next cycle — without reapplying. When a need is genuinely one-off — bridging a single late enterprise invoice — a fixed-term loan over 14–84 days is the simpler alternative.
- Revolving limit of £50–£500
- Draw, repay, redraw — without reapplying
- Same-day limit approval; instant draws thereafter
- Total cost capped at 100% of what you draw
- No personal guarantee
Credicorp Loan — one-off advance
A single, fixed-term loan of £50–£500 over 14–84 days, if your need is a one-off rather than recurring.
About our business loanCredicorp Slice — split a single bill
When the need is one specific bill — an annual software or cloud licence renewal, a contractor invoice or a single tooling purchase — Credicorp Slice spreads that one bill over 3 or 4 weekly instalments at a flat 6% fee, with no interest compounding.
- Bills of £50–£2,000
- Flat 6% fee — no compounding
- 3 or 4 weekly instalments by Direct Debit
- Settle early and we refund the unused fee pro rata
Find your fit
Pick the borrowing that fits your business
Tell us what you need and roughly how much. We’ll point you to the right product — it’s a guide to help you choose, not a lending decision or a quote.
See the cost for your sector
A typical it software services business might borrow £400.00 over 56 days. Adjust the sliders to match your own scenario.
This matches your needs? Start your application
Borrowing is expensive relative to bank lending. Only borrow if the cost is less than the gap it closes. Total cost capped at 100% of principal — you will never repay more than double. There is no personal guarantee; lending is to the company.
Who can apply?
- UK limited company or LLP (body-corporate lending only — not sole traders)
- 6+ months trading
- Current UK business bank account
- Director identity check (you, not the company, as the company's authorised representative)
- No personal guarantee required — the obligation is the company's
Guides for your business
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Read guide →A founder's guide to UK startup funding — without the jargon
Grants, loans, equity, bootstrapping — the funding ladder for a UK micro-business, with honest pros and cons for each step.
Read guide →Common questions
- Can an IT consultancy or software company apply for a Credicorp business loan?
- Yes. Credicorp lends to UK incorporated limited companies and LLPs in technology — IT consultancies, software firms, SaaS businesses, dev studios and managed-service providers. Client type and recurring revenue mix are not pricing factors.
- Do companies in this sector need to provide a personal guarantee?
- No. All Credicorp lending is to the company — the UK limited company or LLP — as the sole obligor. There is no personal guarantee and no personal credit search on any director or shareholder.
- How quickly can a company in this sector get a lending decision from Credicorp?
- Applications are reviewed as they arrive during business hours. Credicorp aims to make a credit decision the same working day in most cases. Once approved, funds typically reach your company account the same day.
Credicorp lends to UK limited companies and LLPs under the body-corporate exemption (Articles 60B and 60L of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001). This is not consumer lending. The Financial Ombudsman Service and Financial Services Compensation Scheme do not apply. Full details: regulatory status and responsible lending policy.