2 min read
What happens after approval
Approval is followed by the loan agreement and any final checks. Once you sign and those clear, the lender releases the funds — the drawdown. For short-term facilities this is usually quick.
What can affect the timing
Bank transfer times, weekends, and any outstanding documents can add a little delay. Completing the paperwork promptly and having your account details ready keeps things moving.
What it means for you
Prepare to draw down as soon as you sign.
Credicorp lends to your company, not to you personally, and takes no personal guarantee. See indicative terms on business loans, or apply online in minutes.
Frequently asked questions
Is approval the same as getting the money?
No. Approval means the lender will lend; the money arrives after the agreement is signed and any final checks clear. For short-term finance that gap is usually short.
Can funding be delayed after approval?
It can, by outstanding paperwork, bank transfer times or a weekend. Completing everything promptly and having your details ready minimises the wait.
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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.