2 min read
The three essentials
Almost every lender wants: (1) an eligible UK entity — usually a limited company or LLP; (2) genuine trading with evidenced income; and (3) enough cash flow to service the facility comfortably. Everything else is refinement.
The finer points
Lenders also look at bank conduct, existing debts, filing history and any defaults or CCJs. None of these are pass/fail on their own — they build a picture. Credicorp assesses on the whole record, with no personal guarantee.
Check where you stand
Run your numbers through the affordability calculator, then apply online.
Frequently asked questions
Is there a minimum trading time to qualify?
It varies. Established companies with filed accounts have the widest options, but younger companies can borrow on bank statements and current trading. There is no universal minimum.
Do I need to be profitable to qualify?
Not always — cash flow matters more than accounting profit. A company reinvesting heavily can be loss-making on paper yet still afford repayments.
Related reading
Is my business eligible for Credicorp finance?
You are likely eligible for Credicorp finance if you are a UK-registered limited company that is actively…
Read →
How do lenders decide if I can afford a loan?
Lenders test affordability by checking whether the cash your business generates can cover the new repayments…
Read →What do lenders check on a business loan application?
Lenders mainly check the company's trading history, cash flow, bank statements, credit standing, and what the…
Read →
Can I improve my eligibility before I apply?
Yes — a few weeks of preparation can meaningfully improve your eligibility and terms. Clean up filings, bank…
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.