# What happens after you sign the Business Loan Agreement

*Source: https://credicorp.co.uk/support/after-you-sign-the-business-loan-agreement/*

Signing the Business Loan Agreement is the moment the loan becomes real, but it is not the end of the journey, it is the start of a short, predictable one. From here, three things happen in order: the money reaches your company, repayments begin on a set schedule, and you keep an eye on it all in your portal. This article walks through each so you know exactly what to expect.

## Drawdown: the money reaches your company

Once you have signed, we move to drawdown, which simply means releasing the funds. The money goes to your **company’s** bank account, the account the company trades through, not to you personally, because the loan is to the company. When your profile is clean and verification is complete, this often happens the same business day. For the full mechanics, see [how drawdown works](/support/how-drawdown-works/).

## Your repayment schedule

Repayments follow the schedule you already saw and agreed to. A short-term Business Bridging Loan of **£50 to £500 over 14 to 84 days** is repaid weekly or fortnightly, and every repayment date and amount is set out on your **Key Information Sheet (KIS)** and in the Business Loan Agreement you signed. There are no surprise figures after signing; what you saw is what you pay. Keep enough in the company account to cover each repayment on its due date.

## Tracking everything in your portal

You can follow your loan from start to finish in your customer portal: your balance, what you have repaid, what is left, and upcoming payment dates. It is also where you can download documents and statements when you need them. If you have not set up access yet, see [how to access your customer portal](/support/how-to-access-your-customer-portal/) to get in.

## Keeping repayments on track

- Make sure the company account has cleared funds before each due date.

- Check your schedule in the portal so dates never catch you out.

- If your bank details change, update them in good time so a payment does not fail.

- Keep an eye on messages from us about anything that needs your attention.

## If your circumstances change

Sometimes things do not go to plan, and the worst thing you can do is go quiet. If you think a repayment might be difficult, tell us as early as you can, before a payment fails if possible. We would far rather work something out than have you struggle in silence. Free, independent help for your business is also available from **Business Debtline** (businessdebtline.org, 0800 197 6026), the **FSB** (fsb.org.uk) and HMRC’s Time to Pay service (gov.uk) for tax arrears. Reaching out early gives you the most options.

## Paying early

If the company is able to clear the loan sooner, you can. Settling early reduces the cost of credit, and there is no penalty for doing so. You can request a settlement figure through the portal or by asking us, so you know exactly what it takes to close the loan.

## A few things to remember

Because the loan is to the company, there is no personal guarantee and your personal assets are not on the line. This borrowing is to a body corporate for business purposes, so it sits outside FCA consumer-credit regulation under Article 60B FSMA RAO 2001 and is not covered by the Financial Ombudsman Service, the FSCS or the BBRS; after our internal complaints process, the final escalation is the courts. None of that changes the simple shape of what happens next: the funds arrive, you repay on the agreed schedule, and you track it all in one place. If you ever want to confirm Credicorp itself, you can check our entry on the Companies House register at [company number 16093826](https://find-and-update.company-information.service.gov.uk/company/16093826).

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Credicorp Limited — UK lender to limited companies (Company No. 16093826). credicorp.co.uk