2 min read
The borrower is the company
Because Credicorp lends to the company with no personal guarantee, the director's personal finances and residency are not the basis of the loan. A UK limited company with real UK trading is the unit being assessed.
Where residency does matter
Anti-money-laundering rules mean the lender must verify the director's identity, which can take a little longer with overseas documents. A UK business bank account and genuine UK activity are important, as some lenders will not fund a purely offshore-controlled shell.
Applying
Provide clear ID and evidence of UK trading. Then apply online.
Frequently asked questions
Does the loan depend on my personal credit if I live abroad?
No. Credicorp assesses the company's cash flow, not the director's personal credit, and takes no personal guarantee — so residency does not gate the loan.
Is a UK bank account required?
In practice a UK business account makes the trading verifiable and the process smooth. A company with no UK banking footprint is harder to assess.
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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.