2 min read
The questions that matter
Put these to any lender: What is the total repayable in pounds? What are all the fees? Is a personal guarantee or security required? Can I repay early without penalty? Are there covenants? And — often overlooked — what happens if I hit difficulty?
Why they matter
The rate is only the surface. These questions surface the fees, risks and flexibility that decide the real cost and how the loan feels if things get tight. A lender that answers all of them plainly, in writing, is showing you a fair deal. One that dodges them is telling you something too. Line up offers on the answers with the loan comparison calculator.
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
What's the single most important question?
'What's the total repayable in pounds?' It cuts through rates, factor rates and fees to the real cost. Follow it with whether a personal guarantee is required — the two together tell you most of what you need.
Should I ask what happens if I struggle to repay?
Yes, and it's often skipped. A lender's answer reveals how it treats customers in difficulty. A clear, humane hardship policy is a sign of a responsible lender worth choosing over a marginally cheaper one.
Related reading
What should I check before signing a business loan?
Before signing, confirm the total repayable, every fee, whether a personal guarantee is required, the…
Read →
How do I choose a business lender?
Compare lenders on total cost, security demanded, transparency and how they treat customers in difficulty —…
Read →What fees should I expect on a business loan?
Business loans typically carry an arrangement fee and may include documentation, drawdown, or administration…
Read →
How many quotes should I get before taking a business loan?
Comparing three to five quotes is usually enough to know the market without wasting time — and using…
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.