2 min read
Right-size from the start
Work out your affordability and borrow within it, not up to the maximum offered. A repayment you would make easily even in a slow month is the safe target — aim for a cover of at least 1.25.
Stress-test and stay purposeful
Model a sales dip and check the repayment still fits. Borrow for a specific purpose, so the amount is anchored to a real need rather than an arbitrary figure. Both habits keep borrowing in proportion.
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
How do I know if I'm borrowing too much?
If the repayment only works in a good month, or your combined cover falls near or below 1.0, you are stretching. Size the loan so it fits comfortably even in a downturn.
Should I borrow the maximum I qualify for?
No. The maximum is rarely the right amount. Borrow to a defined need within comfortable affordability, leaving headroom for a setback.
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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.