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How partnership lending works
A general partnership can take business finance, but the partners are usually jointly liable for the debt personally. Assessment looks at the partnership's trading and the partners' positions.
More protected structures
An LLP or a limited company limits personal liability and can access company lending. Credicorp lends to UK limited companies with no personal guarantee.
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
Are partners personally liable for a partnership loan?
In a general partnership, usually yes and jointly. An LLP or limited company limits that exposure, which is one reason many partnerships incorporate as they grow.
What structure best protects me when borrowing?
A limited company separates personal assets from business debts, especially with no personal guarantee. It is the structure Credicorp lends to.
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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.