Credicorp is an exempt business lender to UK limited companies and LLPs. When we assess a facility we read your company's trading history — turnover, cash flow and payment behaviour — not a single personal credit score. Here is why that produces a fairer, faster decision for an incorporated business.
A personal credit score is built to predict how an individual consumer will manage a mortgage, a card or a car loan. It is a useful signal for a household, but it was never designed to measure a trading company. It says little about a limited company's order book, its margins, or whether it can comfortably service a new facility from its own revenue.
Because Credicorp lends only to UK limited companies and LLPs — commercial lending that sits outside FCA consumer‑credit regulation under the FSMA (Regulated Activities) Order 2001 — the right question is not "what is the director's personal score?" but "what does the business actually do, and can it repay?" Trading history answers that question directly.
Trading history is the evidence a company generates simply by operating. When we underwrite, we look at the record your business has already written for itself:
Taken together these tell us far more about repayment capacity than any three‑digit number ever could.
Plenty of sound companies are penalised by a score‑led approach for reasons that have nothing to do with their ability to repay. A profitable firm run by a director who has never taken personal credit can have a "thin file". A recovering business that has since rebuilt strong cash flow can still carry an old mark. Trading history lets current performance speak for itself: strong, recent financials can outweigh a historic blemish, because we are lending against the company, not the individual.
When you apply, we verify your company at Companies House, then review your recent trading directly. In practice that usually means:
From complete information we aim to reach a decision within 48 hours and, once a facility agreement is signed, funds typically transfer within one to two business days. Facilities generally run from £10,000 to £250,000, with your personalised rate and every fee confirmed in writing before you commit.
Because this is commercial lending outside the FCA consumer‑credit regime, you will not have the protections a consumer‑credit customer would have — but you also get a decision shaped around what your business actually does, on standard facilities that do not require a personal guarantee.
Our underwriting is led by your company's trading history — turnover, cash flow, payment behaviour and filed accounts. We assess the incorporated business itself rather than relying on a director's personal credit score to make the decision.
Yes. We look at the evidence you do have, particularly recent business bank statements and any filed accounts. A shorter history simply means we weigh recent cash flow and payment behaviour more heavily; strong, consistent trading can still support a facility.
Not automatically. Because we lend against the company's current performance, strong recent financials can outweigh a historic blemish. We assess every application on its full merits.
Standard facilities are assessed on company financials and do not require a personal guarantee. In specific cases where the company's financials alone do not support the facility, a guarantee may be requested — and you will always be told before any guarantee is required.
Credicorp Limited (Company No. 16093826) is an exempt business lender under the FSMA (Regulated Activities) Order 2001, serving UK limited companies and LLPs only.
