I'm moving from sole trader to limited company and need finance — how does that work?

Incorporating creates a new legal entity, but your trading track record still tells the story; a lender assesses the company you're forming with the history you're bringing to it. Moving to a limited company creates a new legal entity, so the company itself has no filed history yet. But your established trading record and figures still evidence a real, proven business.

I'm moving from sole trader to limited company

2 min read

New entitySame track record

History carriesIn substance

Fund the companyNot you personally

What changes on incorporation

Moving to a limited company creates a new legal entity, so the company itself has no filed history yet. But your established trading record and figures still evidence a real, proven business.

How lenders see it

A lender assesses the new company with the substance of your existing trade behind it. Bring the figures that show the business you're incorporating is established and sound.

Fund the company cleanly

Credicorp lends to the company, not to you personally, with no personal guarantee — a clean fit for a newly incorporated business built on a real trading history.

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

Does incorporating reset my ability to borrow?

In legal form the company is new, but your trading track record still evidences an established business. Bring the figures behind the trade you're incorporating and you're assessed on real substance.

Can a newly incorporated company get finance?

Yes. A lender looks at the substance of the business you're incorporating, not just the new company's filing date. A solid trading history carries the story even though the entity is new.