# How to apply for a Credicorp loan, step by step

*Source: https://credicorp.co.uk/support/how-to-apply-step-by-step/*

Applying to Credicorp is designed to be quick, but the order matters: you see the cost before you commit, not after. We think that is the right way round. Before you fill in a single personal detail, you can look at what a loan would actually cost your company. This article walks through the whole journey, from checking the figures to signing the **Business Loan Agreement**, so there are no surprises.

## Step 1: see the cost before you apply

Start on [our business loans page](/business-loans/). Our live product is a short-term Business Bridging Loan of **£50 to £500 over 14 to 84 days**, repaid weekly or fortnightly. There, you can see the current amounts, terms and the cost of borrowing before you give us anything. We do not advertise a single rate on this page because your figures depend on your company; the exact amount borrowed, total amount payable, total cost of credit and full repayment schedule appear on your **Key Information Sheet (KIS)** and in the Business Loan Agreement before you sign anything.

This is a quote-first flow on purpose. A short-term loan is an expensive way to borrow compared with an overdraft or a longer-term facility, so we want you to see the number before you decide. If it is not right for your company, you can walk away having shared nothing.

## Step 2: start your application and create an account

When the cost works for you, head to [our application page](/apply/). You create a short account so you can save your progress and return later, and so we can keep your information secure. We lend to **UK limited companies and LLPs** for business purposes; the loan is to the company, and we do *not* take a personal guarantee from you as a director.

## Step 3: add your company details

Next we ask for your company. Because we lend to bodies corporate, we need to identify the company on the Companies House register and confirm you are authorised to borrow on its behalf. Having your company number to hand makes this fast. We run a business credit check on the company at this stage as part of deciding.

## Step 4: verify the director’s identity

We carry out an identity and anti-money-laundering check on you as the director. This is an ID check, not a personal consumer credit search, and it does not affect your personal credit file. Have a photo ID ready so this part takes seconds rather than minutes.

## Step 5: connect your business bank

To assess affordability we look at your company’s bank activity. The quickest route is read-only Open Banking, where you authorise access through your own bank and can revoke it at any time. If you prefer, you can upload six months of business bank statements as PDFs instead. To know exactly what to gather, read [what documents you need to apply](/support/what-documents-you-need-to-apply/) before you start.

## Step 6: review your offer and sign

If we can lend, we show you an offer with your Key Information Sheet. Read it. It sets out the amount, the term, the total cost of credit and every repayment date. When you are happy, you sign the Business Loan Agreement online. There is also a short Business Purpose Declaration confirming the borrowing is wholly or predominantly for the company’s business.

## What happens next

Once signed, we move to drawdown: the funds go to your company’s bank account, and you repay on the schedule shown on your KIS. We typically approve within an hour and can fund the same business day when your profile is clean and you connect your bank, though human review can take longer.

A few honest notes. We are lending to a company, so this borrowing sits outside FCA consumer-credit regulation under **Article 60B FSMA RAO 2001**, and it is not covered by the Financial Ombudsman Service or the FSCS. That does not change your protections under data law or your right to a fair process; it just means the escalation route differs. If you want free guidance for your business at any point, **Business Debtline** (businessdebtline.org, 0800 197 6026) is independent and free. When you are ready, [begin your application](/apply/).

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