2 min read
What drives the timeline
Modern lenders assessing cash flow via open banking can decide fast. The main delays come from missing documents, an amount that does not fit your affordability, or unresolved credit-file issues. Clear those and the process moves quickly.
How to speed it up
Have recent bank statements and management accounts ready, know your numbers, and check your credit file first. See how to prepare.
What it means for you
Preparation is the fastest route to a yes.
Credicorp lends to your company, not to you personally, and takes no personal guarantee. See indicative terms on business loans, or apply online in minutes.
Frequently asked questions
Can I get a business loan the same day?
For short-term finance with a strong, well-prepared application, a decision can come very quickly, sometimes the same day. Funding speed then depends on the lender and your bank.
What slows an application down?
Missing documents, an amount that does not fit your cash flow, and unresolved credit-file problems. Fixing these before you apply is the single best way to speed things up.
Related reading
What do I need to apply for a business loan?
Most applications need recent bank statements, your latest accounts, and a clear sense of how much you want…
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How do lenders decide if I can afford a loan?
Lenders test affordability by checking whether the cash your business generates can cover the new repayments…
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Does applying for a business loan affect my credit?
A formal application usually leaves a hard search that can slightly affect your credit, and several in a…
Read →How long does a lending decision take?
A lending decision can arrive in hours for simple unsecured facilities or take several weeks where a credit…
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.