I'm going through a divorce — will it affect my business borrowing?

A divorce is a personal matter; because Credicorp lends to the company with no personal guarantee, a sound business can generally keep borrowing on its own trading record. A divorce is a personal event, and a limited company is a separate legal entity. Where a lender assesses the company's own trading, personal proceedings are far less central than owners often worry.

I'm going through a divorce — will it affect my

2 min read

Personal matterCompany apart

No personal guaranteeBusiness insulated

Trades onIts own figures

Keeping the two separate

A divorce is a personal event, and a limited company is a separate legal entity. Where a lender assesses the company's own trading, personal proceedings are far less central than owners often worry.

Why company lending is insulated

Credicorp lends to the company with no personal guarantee, so the business borrows on its own figures. A sound, trading company can generally continue to access finance through a director's personal upheaval.

Take advice on ownership

Where shares in the company form part of proceedings, take proper legal advice. On the finance side, a healthy business stands on its own trading record.

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 when the numbers work.

Frequently asked questions

Will a divorce stop my company borrowing?

Generally not, where the company is sound and there's no personal guarantee. The business is assessed on its own trading, so a director's personal proceedings are far less central than many fear.

Is my business protected from my personal circumstances?

Company lending without a personal guarantee insulates the business's finance from personal events. Where company shares feature in proceedings, take legal advice, but the trading company borrows on its own figures.