Weather seasonal revenue dips
Maintain operations during off‑peak months.
Working capital finance for growing UK SMEs
No director’s personal guarantee required. Short‑term funding for UK limited companies and LLPs – exempt business lending built for commercial speed and cash‑flow clarity.
What is working capital finance?
Working capital finance is short‑term funding that covers the operational cash‑flow gaps every growing business faces – payroll, suppliers, inventory, or fulfilling a new contract.
- Available exclusively to UK limited companies and LLPs under exempt business‑lending rules outside FCA consumer‑credit regulation (Articles 60B/60L, RAO). Sole traders, partnerships and unincorporated businesses are not eligible.
- This exemption removes consumer‑protection overhead – we lend company‑to‑company with commercial speed, while remaining subject to AML, fraud prevention and insolvency law.
- Credicorp does not require a personal director’s guarantee; lending is to the corporate entity.
Why a working capital facility fits a growing SME
Fund contract‑led growth
Cover upfront costs to deliver a large new order.
Bridge extended payment terms
Close the gap between delivering work and receiving customer payment.
Secure stock or inventory
Buy in bulk for better margins or meet sudden demand.
Scale operations
Fuel a working‑capital buffer to support temporary team expansion.
How Credicorp’s exempt lending works
We lend only to UK‑registered limited companies and LLPs, typically with at least 12 months’ continuous trading history and verifiable accounts.
- Facilities typically range from £10,000 to £500,000 with repayment terms of 3–24 months, tailored to your cash‑flow cycle.
- We assess your company’s viability, cash‑flow stability, and ability to repay. Exempt status removes consumer‑credit overhead; it does not remove rigour.
- We instruct payment within one working day of approval; your bank typically credits the funds 1–2 further working days later.
- We review recent accounts, cash‑flow forecasts, trading sector and officer credibility – focusing on your projected cash‑flow sustainably covering repayments.
- Depending on facility size and risk profile, we may register a charge over company assets. Full terms, including any director cross‑guarantees, are disclosed upfront.
What you can – and can’t – use the funds for
What you can use funds for
- Covering payroll or supplier payments
- Purchasing inventory or raw materials
- Fulfilling a new contract or order
- Seizing a time‑sensitive expansion opportunity
- Any legitimate business purpose that supports operations or growth
What you can’t use funds for
- Personal use or personal debt consolidation
- Speculative trading or gambling
- Sectors excluded under our lending policy (regulatory‑blacklisted activities)
Manage your account, drawdowns and repayments through the secure Credicorp Hub portal, with dedicated account support.
Frequently asked questions
Is this a personal loan or does it affect my personal credit?
No. Credicorp lends exclusively to the limited company or LLP under exempt business‑lending regulations. There is no personal director’s guarantee required, and the facility does not appear on your personal credit file.
What oversight applies if it’s exempt from FCA consumer‑credit rules?
While exempt from FCA consumer‑credit authorisation, we remain subject to fraud, anti‑money‑laundering, KYC checks, and core insolvency safeguards. Our lending is responsible and assessed against your company’s ability to repay.
Where can I see exact rates, fees and terms?
Your rate is tailored to your company’s credit strength, facility size, and term – not a generic formula. We show you the exact rate and terms before you commit, in your secure Hub account, after a quick identity check (minutes). No obligation to proceed.
How quickly can I apply and get a decision?
The initial application takes minutes. A provisional decision typically follows within 2–5 working days, subject to receipt of your company documents and identity verification. Once approved, we instruct payment within one working day.
What would disqualify my company?
We do not lend to sole traders, partnerships, or unincorporated businesses. Your company must be a going concern, UK‑registered, and trading for at least 12 months. We decline applications if your company is in administration, struck off, or shows persistent loss‑making trading.