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What it can fund
Working capital, stock, equipment, hiring, tax bills, marketing, expansion — most genuine business purposes qualify. The finance must be for the company; using company borrowing for personal spending creates director's loan and tax issues.
Why purpose helps
Lenders like to know the reason, because a clear, sensible purpose signals a considered borrower and helps match the right product to the need. A defined purpose also helps you size the loan properly.
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
Can I use a business loan for personal costs?
No. Company borrowing is for the business. Taking it for personal use runs into director's-loan and tax complications, and is not what the finance is for.
Do I have to say what a loan is for?
Usually, yes. A clear purpose helps the lender match the right product and signals a considered borrower. It also helps you size the borrowing correctly.
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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.