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How sole-trader lending works
A sole trader can borrow for the business, but there is no separation between you and the business — you are personally liable for the debt. Assessment leans on your personal and business finances together.
The limited-company alternative
Incorporating as a limited company separates your personal assets from business debts, and lets you access company lending. Credicorp lends to UK limited companies with no personal guarantee. Read sole trader vs company borrowing.
What it means for you
Credicorp lends to your company, not to you personally, and takes no personal guarantee. See business loans or apply online.
Frequently asked questions
Is sole-trader borrowing riskier than company borrowing?
In liability terms, yes — a sole trader is personally liable for business debts, with no separation. A limited company ring-fences personal assets, especially with no personal guarantee.
Does Credicorp lend to sole traders?
Credicorp lends to UK limited companies. A sole trader considering incorporation gains access to company lending and the protection of limited liability.
Related reading
Am I personally liable for a company loan?
Generally no — limited liability means the company, not you personally, owes the debt, unless you have signed…
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Does a business loan need a personal guarantee?
It depends on the lender — many require a personal guarantee, but not all do. A personal guarantee makes you…
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Can a partnership get a business loan?
Yes, partnerships can borrow, but partners are typically personally liable for the debt, which differs from…
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Can a sole trader get business finance?
Sole traders can borrow for business purposes, though the range of commercial lenders is narrower than for…
Read →Funding for UK limited companies
Credicorp lends to your company, not to you personally — short-term working capital with no personal guarantee. See what your business could access.