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A subsidiary is its own company
Each registered company — parent or subsidiary — has its own legal identity, its own accounts and its own ability to contract and borrow. A subsidiary does not need the parent to co-sign as a matter of law, though the board should check the articles and any shareholder agreement.
How the group is factored in
A lender will still look at how reliant the subsidiary is on the group — for customers, funding or shared overheads. If most of its income comes from one parent contract, that concentration matters. Steady, independent turnover makes the case simpler.
Borrowing cleanly
Credicorp lends to the subsidiary on its own record with no personal guarantee. See how holding companies borrow for the group angle, or apply online.
Frequently asked questions
Does the parent have to approve?
Not at law, but the subsidiary's articles or a group financing policy may require sign-off. Getting board approval documented protects the directors either way.
Will Credicorp want a parent guarantee?
No personal guarantee is ever taken. Credicorp lends on the subsidiary's own cash flow, not on a parent guarantee.
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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.