Funds go to your company’s bank account, repayments follow the schedule on your KIS, and you track everything in the portal. Here is what to expect.
ID verification when you apply
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 we verify your company’s bank statements with Open Banking
Read-only access you authorise through your own bank, revocable at any time, and never the power to move money. Plus the PDF alternative if you prefer.
The Business Purpose Declaration: what you’re signing
A short statement that your borrowing is wholly or predominantly for the company’s business. Here is what it is, why we need it, and why honesty matters.
The 30–90 day reapply cooldown, explained
After a decline there is usually a short wait before reapplying, typically 30 days and up to 90. Here is why it exists and how to use it well.
What happens if your application is declined
A decline is not a dead end. We explain why, you have a right to human review under UK GDPR, and you can reapply. Here is exactly what to do next.
How long does a lending decision take?
Often minutes when you connect your bank via Open Banking and your company profile is clean. PDF uploads or human review take longer. Here is why.
What we look at when we make a lending decision
We assess the company, not your personal income: turnover, how the business bank account behaves, and the business credit file. Here is what counts.
What documents you need to apply
A short checklist: director ID, your company details, and six months of business bank activity via Open Banking or PDF statements. Gather these and apply fast.
How to apply for a Credicorp loan, step by step
See the cost first on our business loans page, then apply: create an account, add your company and bank, and sign. Here is the whole journey.