®
About Credicorp
Who is Credicorp Limited?
Credicorp Limited is a United Kingdom business lender and part of the CM Beyer group, registered in England and Wales (company number 16093826) and based in London.
Is Credicorp Pty Limited in Australia part of the same group?
Credicorp Pty Limited (ACN 679 428 605) is our related company in Australia. It is a separate legal entity that operates in Australia, while Credicorp Limited operates in the United Kingdom.
Where is Credicorp Limited registered and based?
Credicorp Limited is registered in England and Wales (company number 16093826), with its registered office at Suite AU31848, 9 Skyport Drive, Harmondsworth, West Drayton UB7 0LB.
Credicorp Slice
What bills can I use Slice for?
Slice is for one-off business bills paid to a UK supplier — invoices, VAT and tax payments, utility bills, insurance renewals and business repairs — and cannot be used for personal spending.
Can I repay Credicorp Slice early?
Yes. You can repay at any time with no penalty. The unused part of the Slice fee is refunded when you settle early.
What is Credicorp Slice?
Credicorp Slice splits a one-off business bill into three or four instalments. We pay your supplier in full today; you repay us over the next few weeks.
How much does Credicorp Slice cost?
Slice charges a single flat fee on the bill amount. There are no hidden extras. If you pay your instalments on time, you will never pay more than the fee we show you upfront.
Learn: applying for a loan
Reapplying after a declined UK business loan: the cooldown explained
Reapply after a declined UK business loan: there is usually a wait of 30 days and up to 90. Here is why the cooldown exists and how to use it well.
What happens if your UK business loan application is declined?
A declined business loan application in the UK is not a dead end. We explain why, you have a right to human review under UK GDPR, and you can reapply after a short cooldown.
Is there a minimum trading time for a business loan?
Minimum trading time for a UK business loan: we publish no fixed rule, but affordability is read from roughly six months of business bank activity — so that window is the practical benchmark, and here is why.
What affordability signals matter on a business loan application?
The affordability signals that decide a UK business loan: income regularity, account headroom, returned payments, existing repayment load and trend direction — read from six months of the company's bank activity.
How to apply for a UK business loan, step by step
How to apply for a UK business loan: see the cost first, then create an account, add your company and bank, and sign. Here is the whole journey, step by step.
What UK lenders look for: how we make a business lending decision
We assess the company, not your personal income: UK business lenders look at turnover, business bank account behaviour, and the company credit file. Here is what counts.
Do I need filed accounts or a business plan to apply?
No filed accounts, no business plan, no forecasts: a UK business loan application with us runs on director ID, the company's registration and six months of bank activity. What is genuinely required and what is not.
Open Banking bank statement verification UK: how it works
Open Banking bank statement verification in the UK: read-only access you authorise through your own bank, revocable at any time. Plus the PDF alternative if you prefer.
How quickly do funds arrive after a business loan is approved?
How fast business loan funds arrive in the UK: after you sign, release is typically by Faster Payments to the company's verified business account — often the same business day, depending on the time of day you sign.
Do you credit-check the director personally?
No — we run a business credit check on the company and an identity check on the director. No personal credit search, no footprint on the director's consumer file, and the loan is never reported against you personally.
Can a newly incorporated company get a business loan in the UK?
Can a new limited company get a business loan in the UK? In principle yes, but affordability is assessed on the company's own trading, so a company with no bank history usually cannot show enough. What counts and what to do instead.
After signing the business loan agreement in the UK — what happens next
After signing the business loan agreement in the UK, funds go to your company's bank account, repayments follow the KIS schedule, and you track everything in the portal.
Business loans with a CCJ or adverse credit: where you stand
Can a UK company get a business loan with a CCJ or adverse credit? It depends whose record it is, how recent, and whether it is satisfied. How we weigh company CCJs, and why a director's personal history is not part of our check.
Can an LLP apply for a business loan?
Yes — a UK LLP can apply for a business loan with us on the same footing as a limited company. Who signs, what a designated member is, how the LLP is assessed, and the ordinary-partnership trap to avoid.
The Business Purpose Declaration UK: what you're signing
The business purpose declaration UK lenders require: a statement that your borrowing is for your company's business. Here is what it is, why we need it, and why honesty matters.
ID verification when you apply for a UK business loan
ID verification for a UK business loan application: we check the director's identity to meet anti-money-laundering rules. It is not a personal credit search and does not affect your personal credit file.
How long does it take to get a business loan decision in the UK?
How long a business loan decision takes in the UK: often minutes when you connect your bank via Open Banking and your company profile is clean. Loan processing time explained.
What documents you need to apply for a UK business loan
Documents needed for a UK business loan application: director ID, your company details, and six months of business bank activity via Open Banking or PDF statements.
Applying
What is the FCA reference and why does it matter?
The Financial Conduct Authority maintains a public register of every firm it regulates. Each firm has a Firm Reference Number (FRN). Looking us up on the FCA register is a simple way to check you are dealing with the genuine company.
What happens if I cannot connect my bank?
You can upload PDF bank statements instead. The decision uses the same information, though processing statements takes a little longer.
Unable to pay a UK business loan — what happens next?
If you become unable to pay your UK business loan, we treat it as a conversation, not a default. Tell us early and we can pause, restructure or refinance — talk before a payment is missed.
What does the SECCI / Key Information Sheet cover for a UK business loan?
The Key Information Sheet (KIS) for a UK business loan is the plain-English summary given before you sign. It sets out the rate, fees, total amount payable and key terms on one page.
Can I refer a friend?
Yes. Referrals from existing customers are welcome and we publish the current referral terms in the portal. There is no pressure — we only want referrals where you genuinely think we are the right fit.
Can I have more than one offer?
Yes. Where the file supports it, we present a small set of offers with different amounts and terms so you can choose the one that fits your business.
How do I get a copy of my data from a UK lender?
Your GDPR data rights from a UK lender: ask for a copy of the personal information we hold at any time, free of charge. Use the portal, the General Support form, or email our privacy team.
How quickly will I get a decision?
For most applicants with a clean profile and an Open Banking connection, an outcome arrives in minutes. PDF uploads take longer because the statements need to be processed. Anything routed for human review can take up to a working day.
Where is your mobile app?
Our mobile app is a progressive web app you add to your phone's home screen — no app-store install needed. Open credicorp.co.uk/app on your phone, or sign in to the full portal at credicorp.co.uk/portal.
I am a returning customer — do I need to do the whole application again?
No. Returning customers see a much shorter flow. We re-use the identity and company information we already have, and we will normally only need to refresh the bank statements and confirm the loan purpose.
What is Open Banking and is it safe for UK business lending?
Open Banking is a UK-regulated, FCA-supervised framework. Where we offer it, you authorise read-only access to your business bank statements — your password is never shared and you can revoke at any time.
Can a co-director apply with me?
Yes. Where the borrowing company has more than one director, both can be associated with the application. The loan is still to the company, and no director is asked for a personal guarantee.
Learn: using your loan
Re-borrowing from a UK business lender: top-up eligibility explained
Re-borrowing from a UK business lender: a top-up is a fresh lending decision, not an automatic extension. We run a new affordability check and issue a new KIS, and a good record on the existing loan counts in your favour.
Running credit facility vs one-time loan UK: what's the difference?
Running credit facility vs one-time loan UK: a one-time loan is a fixed sum drawn once and repaid on a schedule, while a running-credit facility lets you draw, repay and redraw.
Business loan rollover UK: what it is and our cap
A business loan rollover UK extends a loan instead of repaying it. We cap rollovers because they add cost. If you are struggling, hardship support is the better route.
How to access your customer portal
Sign in to your customer portal to manage your loan, and add our app to your phone's home screen for quick access on the go.
How loan interest is calculated UK: a worked example
How loan interest is calculated in the UK: we charge simple interest, not compound interest. Here is a clearly-labelled illustrative example of how the maths works on a short-term business loan.
The 14-day withdrawal right on UK business loans (voluntary)
We offer a voluntary 14-day window to withdraw from your UK business loan. It is our policy, not a statutory consumer right — here is how to use it.
Updating your bank details
How to change the company account we collect from or pay to, safely. We verify every change, and we never act on an unfamiliar request.
How to download your statements
Download statements yourself in a few clicks from the customer portal, or request one through our forms if you need it sent another way.
Early repayment on a UK business loan: how to do it and what you save
Early repayment of a UK business loan: you can settle at any time and usually save on interest. Request a settlement figure — it shows any early-settlement charge before you pay.
How drawdown works
Once your Business Loan Agreement is signed and approved, we release your funds to the company's bank account, usually the same business day.
Learn: financial difficulty
Vulnerable customer support at a UK lender: how to ask
Vulnerable customer support from a UK lender: if health, bereavement, caring or other circumstances make things harder, ask for extra support. Here is what counts and how to tell us.
Hardship and forbearance at a UK lender: our process
Hardship and forbearance at a UK lender: payment arrangements, a short freeze, or a hardship variation — explained clearly and step by step for companies struggling to repay.
Making a complaint to a UK lender: your options and our process
The complaint process at a UK lender: how to complain, the stages we follow, our final response, and how to escalate if you remain dissatisfied.
What to do if you can't make a payment on a UK business loan
Worried about a missed payment on your UK business loan? Tell us before the due date and we will work with you. Here are the practical steps and where to get free advice.
What happens to a UK company loan if the company is wound up or enters administration?
If your UK company faces winding up or administration, here is what it means for the loan, the role of an insolvency practitioner, and why to talk to us early.
Learn: comparing loans
Sole trader to limited company for finance UK: should I incorporate before applying?
Sole trader to limited company UK before applying for finance: a guide covering tax, limited liability, lending eligibility, and what incorporating does and does not change.
Merchant cash advance vs term loan UK
Merchant cash advance vs term loan UK: a cash advance flexes with your card takings, while a term loan holds you to fixed instalments. Predictability, flexibility and the cost of each.
A director's loan to your own UK company: tax and legal points
A director's loan to your own UK company: the director's loan account, s455, benefit-in-kind basics and where to get tax detail — so you can borrow or lend to the company correctly.
Loan Agreement vs Facility Agreement UK: what's the difference?
Loan Agreement vs Facility Agreement UK: which contract you sign depends on whether you are taking a fixed one-time sum or running credit. What each one means for you.
Business credit card vs short-term loan UK
Business credit card vs short-term loan UK: revolving card or fixed loan? When a card is cheaper, the discipline it needs, and how each one actually works.
Can a director be personally liable for a company loan in the UK?
Usually no: in UK company law the company is a separate legal person and we take no personal guarantee. Narrow exceptions are fraud, wrongful trading or a guarantee elsewhere.
Sole trader vs limited company borrowing: how the loans differ
Sole trader vs limited company borrowing in the UK: who owes the debt, which credit file it touches, whether it is FCA-regulated, and what happens on default differ completely between the two structures.
iwoca, Cubefunder, Capify or Credicorp: an honest comparison
A fair look at how iwoca, Cubefunder, Capify and Credicorp differ, so a director can pick the lender that actually fits the need.
Invoice finance vs short-term loan in the UK
Invoice finance vs short-term loan UK: if you are waiting on unpaid invoices, invoice finance may beat a loan. How factoring and discounting work versus a fixed short-term advance.
Bank overdraft vs short-term business loan UK
Bank overdraft vs short-term business loan UK: cost, flexibility and certainty compared honestly so you can pick the right tool for your company.
Limited company, LLP or sole trader loan UK: lending eligibility compared
Limited company, LLP or sole trader loan UK: we can lend to limited companies and LLPs but not sole traders. The reason is legal personality and regulation, explained plainly.
Security
How do you verify it is really me on the phone?
We confirm a small set of details before discussing your account on a call — typically your name, date of birth, address and a couple of digits from your account number. We will never ask for full security details like a banking password.
How does a UK lender keep my data and information secure?
Data protection at a UK lender: we hold customer information on secure UK systems, encrypt data in transit, and share it only with the credit-reference agencies, regulators and partners in our Privacy Policy.
How do I spot a loan scam or impersonation of Credicorp in the UK?
How to spot a loan scam impersonating a UK lender: genuine Credicorp messages use credicorp.co.uk addresses and refer to your real account. We never pressure you to move money or share a one-time code.
How do I report a suspicious email or message claiming to be from Credicorp?
Forward suspicious emails to security@credicorp.co.uk and do not click any links. Credicorp will never ask for your password, PIN or full bank details by email or text.
Learn: business lending
Regulated vs unregulated business loans UK: what's the difference?
Regulated vs unregulated business loans UK: whether FCA consumer-credit rules apply depends on who is borrowing and why. Here is the Article 60B line and what protections apply.
When NOT to take a short-term business loan in the UK
A short-term UK business loan is the wrong tool for some problems. Here is an honest guide to when you should not borrow, and what to consider before applying.
What is a business loan in the UK?
A UK business loan is money borrowed by a company for business purposes, repaid with interest. Here is how it differs from a personal loan, who can borrow, and how our company lending works.
FOS and FSCS in UK business lending — and why a company loan falls outside both
The FOS resolves complaints against financial firms and the FSCS pays compensation when a firm fails. Here is why a loan to a UK company falls outside both schemes.
We lend to the company, not the director: what that means in practice
The company is the borrower, not you: what lending to a limited company rather than its director means for liability, credit files, the assessment, repayments and default — traced through the whole life of a loan.
Secured vs unsecured business loans UK: what's the difference?
Secured vs unsecured business loans UK: a secured loan is backed by an asset the lender can sell if you do not repay. Here is the trade-off, and why our loan is unsecured with no personal guarantee.
What is a personal guarantee in the UK — and why we don't take one
Wondering what a personal guarantee is in the UK? It makes a director personally liable for a company's debt. Here is how it works, and why we do not take one.
Business loans with no security and no personal guarantee: what that really means
What a business loan with no security and no personal guarantee really means in the UK: no charge over assets, no director backstop — but the company remains fully liable. The nuance most 'unsecured' adverts leave out.
How to read a Key Information Sheet for a UK business loan
The Key Information Sheet for a UK business loan summarises the cost and terms in plain English. Here is a section-by-section guide to what to check before you sign.
Bridging loan vs term loan vs credit facility: what's the difference in the UK?
Bridging loan vs term loan vs credit facility in the UK — each is built for a different need. Here is how each works and where our products fit.
Refinancing a business loan: when it helps and when it hides a problem
Refinancing a business loan in the UK: replacing one facility with another to cut cost or restructure. The arithmetic that decides whether it helps, settlement figures to check first, and when refinancing just moves a problem.
Your business credit score UK: how it works and how to improve it
How a business credit score works in the UK: what feeds your company's rating, why it differs by agency, and practical steps to improve it.
What is a \"body corporate\" in UK lending, and why it matters
A body corporate is a company or LLP — a separate legal person. Here is why lending to one sits outside FCA consumer-credit rules.
What counts as a 'wholly or predominantly business' purpose for a UK loan?
UK business lending requires a 'wholly or predominantly business purpose'. Here is what the test means, examples that do and do not qualify, and the declaration you sign.
APR vs daily interest rate UK: which is the honest comparison for short-term loans?
APR vs daily interest rate UK: APR can overstate the cost of very short-term borrowing. Here is why we show the total cost of credit and a simple annualised rate instead.
Business credit reference agencies UK explained
Experian Business, Creditsafe and Equifax Business build credit files on companies. Here is how the UK business credit reference agencies differ from personal CRAs and how to check yours.
Alternatives to short-term lending in the UK: overdraft, card, invoice finance, grants
Alternatives to short-term lending in the UK: overdraft, credit card, invoice finance and grants compared honestly. Know the options before you borrow.
No early repayment fee? How the early-settlement charge works on UK business loans
You can settle your UK business loan early at any time with no hidden fee. An early-settlement charge of up to 28 days' interest may apply — the exact amount is always shown before you confirm.
Your loan
What does APR mean on a UK business loan, and how is the cost shown?
What APR means on a UK business loan: APR is a regulated consumer-credit measure. For business lending we show the total cost of credit and a simple annualised rate, with every figure set out before you sign.
Will I be charged a fee if I miss a payment?
Any fees that can apply are listed in your Business Loan Agreement. We would always rather agree an arrangement with you than apply a charge, so contact us early.
Can I pay my business loan off early in the UK?
Yes. You can pay a UK business loan off early at any time. Request a settlement figure and we will confirm the amount needed, including any early-settlement charge.
Can I top up or extend my existing business loan in the UK?
A business loan top up or term extension is a new lending decision, not an automatic change. We assess the company's affordability afresh and, if approved, issue a new Key Information Sheet (KIS) for you to consider.
How is interest charged on my UK business loan?
How interest is charged on a UK business loan: in line with the rate and method in your Business Loan Agreement. Your agreement and statements show exactly how it is applied.
Statements
How long does a UK lender keep your records?
How long a UK lender keeps records: for most customer loan files, around six years after the relationship ends, in line with UK business-lending and tax-record rules.
How do I get a settlement letter or proof of loan closure?
Log in to your account and use the Documents section to download your settlement letter. If the loan closed more than 90 days ago or the document is not listed, email us and we will send one within two working days.
Accessible loan documents UK: large print and alternative formats
Yes. Accessible loan documents UK — we can provide letters, statements or forms in larger print, plain language, or an accessible electronic format on request.
Group & related companies
Why does Credicorp have group companies in the UK and Australia?
Each market is served by its own legal entity, so UK customers deal with Credicorp Limited and Australian customers with Credicorp Pty Limited. CM Beyer Limited in the UK is a related company in the same group.
What is creditcorp.co.uk and how is it related to credicorp.co.uk?
creditcorp.co.uk is the current home of the Creditcorp brand. The lender remains Credicorp Limited; Credicorp Loan, Credicorp Flex and Credicorp Slice keep their product names.
How is Credicorp Limited connected to CM Beyer Limited?
CM Beyer Limited is a related United Kingdom company in the same group. Credicorp Limited and CM Beyer Limited are separate legal entities that share a common corporate background.
Data & privacy
How do I request deletion of my personal data?
You have the right to request erasure of your personal data. We will act on valid requests within 30 days. Some data must be retained for legal and regulatory reasons — we explain exactly what and for how long.
Are your phone calls recorded?
Yes. Calls to and from Credicorp are recorded for training, quality and to keep an accurate record. Our Audio Recording page and Privacy Policy explain how.
Will applying for a business loan affect my personal credit file in the UK?
No. We lend to the company, not you personally. We run a business credit check on the company — we do not record an application against the director's personal consumer credit file.
How do I make a DSAR (data subject access request) to a UK lender?
How to make a DSAR (data subject access request) to a UK lender: email our privacy team or use the General Support form. We will respond within one calendar month.
Payment difficulty
What is a Debt Management Plan and how does it affect a UK business loan?
A Debt Management Plan (DMP) is a personal arrangement for an individual's debts — not a company's. Your Credicorp loan is to the company, so a director's personal DMP does not cover it.
Where can I get free independent debt advice in the UK for my business?
For business money worries, Business Debtline gives free independent debt advice to UK small businesses. For personal finances, StepChange, Citizens Advice and MoneyHelper are all free.
Struggling to repay a UK business loan — what should I do?
Struggling to repay a UK business loan? Contact us as early as you can. We can look at a payment arrangement, a short extension or a hardship variation to fit your circumstances.
Can I get a payment extension on my UK business loan?
A payment extension on a UK business loan moves a due date forward when a one-off event means you need a little more time. Request one before the payment is due.
What is a hardship variation on a UK business loan?
A hardship variation on a UK business loan changes the company's repayment terms when a downturn, a lost contract or another event means it genuinely cannot meet the current schedule.
I need extra support from a UK business lender — how do I tell you?
If a health condition, bereavement, caring responsibility or other circumstance means you need extra support from your UK business lender, let us know and we will adjust how we work with you.
Complaints
What happens after I complain to a UK lender?
What happens after you complain to a UK lender: we acknowledge, investigate, and send a written response. As we lend only to limited companies, our final response is the last formal stage.
How do I make a complaint to a UK lender?
How to make a complaint to a UK lender: use the Make a Complaint form, email or phone. We will acknowledge it promptly and work to put things right.
Are there time limits for raising a complaint with a UK lender?
No Ombudsman deadline applies to complaints about UK business loans to limited companies. Our final response is the last stage and there is no statutory time limit for raising a complaint.
Your account
How do I update my address, name or contact details?
Use the Update Your Contact Details form to tell us about a change of address, phone number, email, authorised contact, or the company name. We will normally update the record within two working days.
How do I get a settlement figure for my UK business loan?
A settlement figure tells you the exact amount needed to clear your UK business loan on a chosen date. Request one using the Settlement Figure form in the portal.
How do I update my contact details?
Keeping your phone number, email and address current means you never miss an important notice. Use the Update Your Details form and we will confirm the change.
Can I get a copy of my Business Loan Agreement?
Yes. You can ask for a copy of your signed Business Loan Agreement at any time. Use the Copy of Agreement form and we will send it to you.
How do I request a statement of account?
You can ask for a statement at any time, free of charge. Complete the Request a Statement form and we will send it to you by email or post.
How do I close my Credicorp account?
Once your balance is fully cleared and any final adjustments are settled, your account is closed automatically. You can also ask us to confirm the closure in writing.
Payments
When is my business loan payment due in the UK?
Your UK business loan payment due dates are listed in your Business Loan Agreement and on every statement. If a due date falls on a weekend or bank holiday, payment is expected on or before that date.
How do I check whether a payment has reached you?
Card payments are usually visible the same working day. If a payment is missing after three working days, request a statement of account or contact us with the date, amount and reference.
Can I overpay my business loan in the UK?
Yes — you can overpay a UK business loan at any time. Making a one-off overpayment or paying more than your scheduled amount reduces the interest you pay and can shorten the loan.
What happens if my Direct Debit fails on a UK business loan?
A failed Direct Debit on a UK business loan is treated as a missed payment. Contact us early to arrange a replacement and prevent fees or an impact on your company credit file.
How can I make a payment on my UK business loan?
How to make a payment on a UK business loan: online through the portal, by debit card over the phone, or by Direct Debit so payments are taken automatically on your due date.
How long does a loan payment take to clear in the UK?
How long a UK business loan payment takes to clear: card payments usually show the same working day; Direct Debit and bank transfers can take up to three working days.
Credicorp Flex
How do I draw down from my Credicorp Flex revolving credit facility?
How to flex drawdown UK: sign in to the portal, open the Flex panel, enter an amount up to your limit and confirm. Funds reach your business bank account by Faster Payments, typically within 90 seconds.
How is the minimum monthly payment on Credicorp Flex calculated in the UK?
How the minimum monthly payment on a UK revolving credit facility (Flex) is calculated: the greater of 10% of your drawn balance at the cycle date, or £20. Interest is paid first.
How does Credicorp Flex revolving credit work?
Credicorp Flex is a UK revolving credit facility — an agreed limit you can draw from, repay, and redraw. Interest accrues only on the drawn balance, not the whole limit.
Can I pay off a Credicorp Flex drawing early in the UK?
Yes — pay off a Flex drawing early at any time, with no fee, no notice period, and no minimum interest charge. Paying early stops the interest meter the same day.
How is my Credicorp Flex credit limit set and raised in the UK?
Your UK Flex credit limit is set from an affordability assessment. Reviews happen automatically after six months of clean usage or on request. Here is how to get it raised.
More on borrowing from Credicorp
- Can a new company get a business loan?
- How fast can you get a business loan?
- Business loan with a CCJ or poor credit
- Equipment and vehicle repair finance
- Payroll finance
- VAT bill finance
- Credicorp vs a bank business loan
- Why we don't offer personal loans
- Credicorp Slice: accepted billers
- Service status