2 min read
How lenders assess it
A lender looks at your total debt service across all facilities, not the new loan in isolation. If your combined cover stays comfortable, additional borrowing is realistic; if it is already stretched, it is harder.
What to watch
Avoid stacking overlapping facilities that obscure the true commitment. If existing debt is fragmented or costly, consolidation may be cleaner than adding another loan.
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
Will existing debt stop me borrowing?
Not if the combined repayments stay comfortably affordable. Lenders assess your total commitment, so the question is whether your cash flow covers everything with a cushion.
Should I consolidate before borrowing more?
If existing debt is fragmented or expensive, consolidating can be cleaner and cheaper than adding another facility. Judge it on the total cost and manageability.
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Read →Funding for UK limited companies
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