2 min read
Why lenders need statements
Bank statements evidence turnover and cash flow, which underpin an affordability assessment. Providing them to a verified lender through its secure application is normal and expected.
Sharing them safely
Upload through the lender’s secure portal rather than emailing PDFs to an address a stranger gave you. Confirm the lender first (Companies House, official domain). For Credicorp you upload inside your application, over an encrypted connection.
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 a lender misuse my bank statements?
A legitimate, verified lender uses them only to assess the application. The genuine risk is sending them to an impostor or over an insecure channel.
Is open banking safer than sending PDFs?
Often yes — read-only open banking shares verified data without exposing your login, and you control access. Either way, deal only with a verified lender.
Related reading
Is Open Banking safe when applying for finance?
Yes — Open Banking is built to be safe, and it is regulated rather than a private arrangement. You authorise…
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How does Credicorp protect my data?
Credicorp handles your data under UK data-protection law, over encrypted connections, with access limited to…
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How do lenders verify the information I give them?
Lenders verify through your own data — open banking, Companies House, credit files and ID checks — not by…
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What does a lender look for in my bank statements?
Lenders read statements for steady turnover, healthy balances, and no distress signals — bounced payments,…
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.