2 min read
The owner-managed norm
Plenty of profitable limited companies employ no one on PAYE — the director takes a small salary and dividends. That is a normal, fundable structure. Absence of employees is not a weakness in a lender's eyes.
What gets assessed
The company's revenue, margin, bank conduct and existing commitments — standard underwriting. Because there are no wages, free cash flow can actually look strong, which supports affordability.
Applying
Have the company bank statements and last accounts ready. Credicorp lends to the company with no personal guarantee. business loans or apply online.
Frequently asked questions
Do I need to run PAYE to borrow?
No. A director-only company drawing dividends is a common, fundable setup. Lenders assess trading cash flow, not payroll.
Are my dividends counted as company outgoings?
Dividends are distributions of profit, not costs. A lender looks at company profit and cash flow before distributions when judging affordability.
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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.