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What the code does
The SIC code on your Companies House record tells a lender roughly what you do, feeding sector-level risk views. Some sectors attract more caution, but the code is a starting point, not a verdict — actual affordability drives the decision.
Getting it right
If your code no longer reflects your real activity, update it, because a misleading code can invite the wrong assumptions. Sector context is covered at Credicorp for Sectors. See also whether a high-risk industry stops you 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
Can my SIC code stop me getting a loan?
Not on its own. It signals your sector and can influence risk-based pricing, but your actual trading and affordability decide the outcome.
Should I update an inaccurate SIC code?
Yes. A code that misrepresents what you do can invite wrong assumptions. Keep it aligned to your real activity.
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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.