2 min read
The new company stands on its own
Underwriting looks at the borrowing company’s trading, cash flow and affordability. A previous failure does not automatically bar the new business, but the director’s history is part of the picture.
Improving your odds
Be ready to explain what caused the earlier failure and what is different now. Build some trading history and a clear plan. Read how to prepare for an application to present the new venture well.
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
Will a past failure block a new company loan?
Not automatically. The new company is assessed on its own trading and affordability, though your history and the reason for the earlier failure are considered.
How do I present it well?
Explain the cause candidly, show what has changed, and build some trading record. A clear, honest narrative reassures an underwriter.
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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.