Credicorp
Fast, unsecured short-term business loans for UK limited companies
Borrow between £50 and £500 over 14 to 84 days to cover a short-term business cost — restocking, a supplier deposit, a tool that has stopped working, the kind of thing that cannot wait until next week.
See your repayments take shape
For planning only — not a quote.
Interest 0.25% per day on the outstanding principal + one £5 establishment fee. Total cost capped at 100% of what you borrow.
- You borrow
- £200.00
- Interest
- £15.00
- Establishment fee
- £5.00
- Total to repay
- £220.00
- Per week (approx.)
- £51.33
| Payment | Due | Amount |
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Downloads a branded PDF of this quote. The quote is an illustration, not an offer.
Check it fits your cash flow
A guide to sense-check the repayment against your cash flow — not a lending decision or a quote.
- Total to repay
- £220.00
- Per week (approx.)
- £51.33
- Left after repaying
- £208.67
Looks affordable — your weekly spare covers the repayment with room left.
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No personal guarantee — the company borrows, not you
Same-day funding on approval
- 1 hourTypical decision in working hours
- Same dayFunding once you accept the offer
- £50–£2,000Advanced to UK limited companies
- 100% capTotal cost of credit, capped — never repay more than double
- No PGNo personal guarantee — we lend to the company
Applications reviewed by Credicorp to date: thousands of UK companies
Figures are the published product terms (/ai.md). Every application is assessed on its own merits — approval is never guaranteed.
Before you go — see your cost in 5 seconds
No credit search, no obligation. Borrow £50–£500, get a decision within the hour in working hours, and same-day funding once you accept. We lend to the company — no personal guarantee.
Or use the full calculator first.
It is an unsecured business loan — short-term working capital with no personal guarantee. We lend to UK limited companies with a single director that have been trading for at least 6 months — small, director-led businesses, the SMEs we are built to serve. Repay weekly or fortnightly, and settle early at any time — an early-settlement charge of up to 28 days' interest may apply.
Who can apply
Applying does not guarantee approval. Every application is assessed on its own facts. We may ask for more information before we make a decision.
- A UK private limited company (Ltd) with a single director.
- The company has been trading for at least 6 months.
- The director is a UK resident, aged 18 or over.
- At least 50% of the director's income comes from the company or from associated sole-trade work.
- A UK business bank account in the company's name.
- The loan is for a business purpose.
How it works
- Apply online Around five minutes. We ask for the company details, the director's details, the bank account, photo ID and the last six months of business bank statements.
- We check the file A real person reviews the application. We verify the company at Companies House, run a business credit check, and check the bank statements for affordability.
- Sign the agreement If approved, you receive a Key Information Sheet (KIS) and a Business Loan Agreement. The agreement is between Credicorp Limited and your company. We do not ask the director for a personal guarantee.
- Funds released Money is sent to your business bank account, usually the same working day where the agreement is signed before 3pm UK time.
The total cost, plainly
Interest is 0.25% per day on the outstanding principal. There is one establishment fee of £5.00 charged when the loan is drawn down. There are no other set-up fees or arrangement fees. Total cost of credit is capped at 100% of the amount you borrow. You will never repay more than double the principal in interest and fees combined, regardless of what happens with the loan. If a payment is missed we charge a single £12 fee for that missed payment. Interest continues to accrue at the same daily rate — there is no penalty rate uplift. The same 100% cap on total cost still applies. You can pay the loan off early at any time, in part or in full, and only pay interest up to the day of settlement. On full early settlement an early-settlement charge of up to 28 days' interest may apply — and is shown in your settlement figure first.
Your protections
- No personal guarantee. The loan is to the company, not to the director.
- Settle early any time — an early-settlement charge may apply.
- A 14-day right to withdraw, beginning the day after you sign. If you change your mind within that period, repay the principal plus any interest accrued to that day and the loan ends.
- Hardship is treated as a conversation, not a default. If your business hits a rough patch, contact us — we can pause, restructure or refinance the loan.
- We report only to business credit reference agencies (Experian Business, Creditsafe and Equifax Business). We do not report this loan to consumer credit files.
About Credicorp
Credicorp Limited is a United Kingdom commercial lender, registered in England and Wales. We lend our own money as a direct lender — not a broker — to UK limited companies and limited liability partnerships. We do not lend to individuals, consumers or sole traders.
A Business Bridging Loan from Credicorp is short-term working capital: a small, fixed amount of money advanced to a company to cover an immediate, time-bound cost, repaid over a few weeks. Because the borrower is a body corporate and not an individual, the loan sits outside the FCA consumer-credit regime under Articles 60B and 60L of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001. In practical terms: the company is the borrower, the director gives no personal guarantee and is not personally liable, repayment is reported only to business credit reference agencies, and there is no Financial Ombudsman Service or Financial Services Compensation Scheme cover — our internal complaints procedure is the route for disputes, with the courts beyond that.
Common questions
Will I be charged a fee if I miss a payment?
The fees and charges that can apply to your account — including anything relating to missed payments — are set out in your Business Loan Agreement. We will never apply a charge that is not in your agreement.
Whatever happens to your account, the total cost of credit is capped at 100% of the original principal, so charges can never push the amount you repay above twice what you borrowed.
If you are worried about missing a payment, contact us first. Agreeing a payment extension or arrangement in advance is almost always better than letting a payment fail — and if money is tight, see what to do if you are struggling to pay.
Can I pay my business loan off early in the UK?
You can repay your loan in full at any point. To do this, request a settlement figure — the exact amount needed to clear the balance on a chosen date.
Because interest accrues daily on the outstanding balance, settling early reduces the interest you would otherwise have paid over the remaining days. An early-settlement charge of up to 28 days' interest may apply, though we waive it in many cases — the exact amount, if any, is shown in your settlement figure before you confirm.
Where early settlement reduces the interest you would otherwise pay, we will confirm any rebate when we provide the figure. To begin, see how to get a settlement figure, or read our fuller guide to early repayment and what you save.
What does APR mean on a UK business loan, and how is the cost shown?
APR stands for Annual Percentage Rate. It is the standardised cost measure used for regulated consumer credit — borrowing by individuals. Our lending is to limited companies for business purposes, which sits outside the consumer-credit regime, so an APR is not the figure we use. Instead we show the cost in the way that is clearest for a business decision.
• the amount borrowed and the term;
• the total amount payable — every pound the company will repay;
• the total cost of the credit — the difference between what is borrowed and what is repaid;
• a simple annualised rate, so you can compare the cost against other business finance;
• the full repayment schedule.
All of these appear on your Key Information Sheet (KIS) and in the Business Loan Agreement before you sign, so the cost is never a surprise.
APR is designed to compare long-running consumer products such as mortgages and credit cards, where it works well. For short-term business borrowing it can mislead — annualising the cost of a facility that runs for a few weeks produces a very large percentage that overstates what the company actually pays. The total cost of credit and the simple rate give a truer picture of a short-term facility.
If you would like us to walk through exactly how the cost of your loan was worked out, please contact us — we would always rather explain than leave you guessing. For a fixed-rate loan the figures on your agreement hold for the life of the loan; if the terms are ever varied (for example a hardship variation that extends the term), we will reissue the relevant figures so the new total cost is clear before anything is agreed.
How a business loan top-up works
If the company wants to borrow more on top of its existing loan, please tell us using the General Support Enquiry form on our Forms & Requests page and we will explain the next steps. We will look at the company's overall position — its recent cashflow, the existing balance with us and any other borrowing it holds — and decide whether further lending is appropriate.
If a top-up is appropriate, we will issue a fresh Key Information Sheet (KIS) showing the new amount, the new rate, the new payment and the new total payable. Nothing changes on the account until the new Business Loan Agreement is signed.
How a term extension works
Extending the term spreads the repayment over more time. That reduces each payment. But it leaves the balance in place for longer, so it increases the total cost of the credit across the life of the loan. Interest continues to accrue on the outstanding balance for the additional period. In other words, a smaller monthly payment is traded against a higher overall amount repayable. We will show both figures clearly — the new payment and the new total payable — before any change is made, so the company can weigh the lower monthly outlay against the extra cost over the full term.
If the reason for asking is that the current schedule has become hard to meet, please look at the alternatives in our struggling-to-pay article first — particularly a Hardship Variation or a Payment Arrangement. These are designed for exactly that situation and may produce a better outcome than a longer term.
Things we cannot do
A loan top-up is treated as a further advance, which means it goes through the same affordability assessment we apply to a first application — not a quick adjustment to a credit limit. We look at the company's current circumstances, not the position it was in when the original facility was agreed, because affordability can change as a business grows or contracts. If the assessment shows that more borrowing would stretch the company's finances, the responsible answer may be to decline the top-up even though the existing loan is being repaid on schedule.
• We cannot consolidate other lenders' debts into the Credicorp loan as part of a top-up.
• We cannot extend the term beyond the limits of the original product.
• We cannot agree a new amount or a new term without going through the proper assessment and disclosure.
What to have ready before you ask
To help us assess a top-up or a longer repayment schedule quickly, it is worth having a clear picture of the company's recent trading to hand — typically the latest management figures or bank statements, an idea of the amount you want to borrow or the new term you have in mind, and the reason for the request. The more context we have, the sooner we can tell you whether a further advance is appropriate and set out the new figures in a Key Information Sheet for you to consider.
Whatever you are weighing up, free, independent help with business money worries is available from Business Debtline — see our article on free debt advice in the UK.
A lender you can check up on
We are a direct lender — not a broker. You can verify the company at Companies House from the link above, and we publish our lending and complaint figures every quarter on our transparency page. See our transparency page.
- Trading since 21 November 2024
- Companies House 16093826 ↗
- UK trademark UK00004156742
How much do you have spare each month?
Drag the sliders to roughly match your monthly money in and money out. We’ll show what’s left over. Rough numbers to plan with — not a quote or a lending decision, and nothing you enter leaves your browser.
Before you apply — honest advice from us
This loan is expensive. It is built for one job: a short, urgent, time-bound cash-flow gap. If you can wait, there is almost always a cheaper option. Here are the headline figures, the cost of the most you can borrow, and the cheaper alternatives — so you can decide before you give us any details.
A worked example: the most you can borrow (£500 over 84 days) costs £105 in interest plus the £5 fee — £610 to repay in total. That works out at roughly 417% APR. APR is a consumer-credit comparison figure that does not legally apply to business lending, but we show it so you can compare like with like.
- £50 to £500 over 14 to 84 days.
- 0.25% interest per day on the amount you have drawn down.
- £5 one-time establishment fee.
- Total cost capped at 100% of what you borrow — you will never repay more than double.
There are usually cheaper options
If money is already tight, free and independent help is available from Business Debtline (0800 197 6026).
• A business overdraft — typically 6–15% a year if you have one in place.
• A business credit card — typically 12–25% a year; useful for short gaps you can clear within a billing cycle.
When we make sense
You need a small amount in the company account in the next few hours, you can repay within a few weeks, and you do not want a personal guarantee on your home. If that is you, we are built to move quickly. If it is not, almost any option above will cost you less.
No sign-up needed to read this or to use the calculator above — we only ask for your details once you choose to apply.
Things you should know
Representative example: A loan of £200 over 30 days at a daily interest rate of 0.25% on the outstanding principal, with a £5 establishment fee, would require a single repayment of £220.00. Total amount payable £220.00. Total cost of credit £20.00.
- Lending is available to UK limited companies, limited liability partnerships, and public limited companies only. We do not lend to sole traders, individuals, or unincorporated partnerships.
- All applications are subject to status, affordability and credit checks performed against business credit reference agencies. We do not approve every application.
- We are a direct lender, not a broker. We never charge brokerage or arrangement fees other than the establishment fee disclosed in your pre-contract information.
- The total cost of credit on any single agreement is capped at 100% of the principal advanced. You will never repay more than double what you borrowed on a single loan.
- No personal guarantee is required or accepted. The company is the borrower. The director who signs on behalf of the company is not personally liable for the loan.
- This is unregulated business lending: a body corporate is not an "individual" or "relevant recipient of credit" under Articles 60B and 60L of the FSMA Regulated Activities Order 2001, so the loan is not a regulated credit agreement under that Order. Credicorp Limited is not authorised or regulated by the Financial Conduct Authority for consumer credit lending. Borrowers cannot refer complaints to the Financial Ombudsman Service and are not covered by the Financial Services Compensation Scheme. We operate an internal complaints procedure — please see our complaints policy.
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