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Credicorp vs a business grant
A grant is money you do not repay — but it is competitive, restricted in use, and can take months to award. A Credicorp loan is repayable, but available now for whatever the company needs.
- 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
Apply for grants you are eligible for — they are worth pursuing when you do not need the cash urgently; use Credicorp when you need funds now or do not qualify for a suitable grant.
Side by side
| Credicorp | A business grant | |
|---|---|---|
| Repayment | Repayable over a short fixed term | Not repaid, if awarded |
| Certainty | A confirmed decision, typically within the hour | Competitive — most applicants are not awarded a grant |
| Timing | Same-day funding on acceptance | Application windows and award decisions can take months |
| Use of funds | Any genuine short-term business need | Usually restricted to a specific scheme purpose (e.g. equipment, training, net zero) |
| Eligibility | Based on the company's trading position | Often restricted by sector, region, size or project type |
| Best for | An urgent or flexible need you cannot wait months for | A well-matched, non-urgent project where you meet the scheme criteria |
When A business grant may suit you better
We would rather you borrow well than borrow from us. Consider the alternative if:
- You match a specific, currently-open grant scheme's eligibility criteria
- Your need is not time-critical and you can wait through an award cycle
- You would rather not take on any repayable debt at all
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
- Should I apply for a grant instead of a Credicorp loan?
- If a current scheme matches your project and you can wait through the award process, it is well worth applying — a grant is not repaid. Credicorp suits a genuine short-term need you cannot wait months for, or where no suitable grant exists.
- Can I use a Credicorp loan and a grant together?
- Many companies do — a short-term loan can bridge cash flow while a grant application is assessed, then be repaid as planned once other funds land.
- 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.