2 min read
The value of standby funding
A facility arranged in advance means funding is ready the moment you need it — a late payer, a broken machine, a chance to buy cheap stock. Because you pay mainly on the drawn balance, an unused limit costs little.
When it is worth it
It is cheap insurance for a business that faces seasonal troughs or occasional shocks. Arrange it while trading is strong, when terms are best. See when is the right time to borrow.
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
Do I pay for a facility I don't use?
Mainly you pay on what you draw, though a small non-utilisation fee sometimes applies. An unused limit is inexpensive standby funding, ready when you need it.
Is standby funding worth it?
For a business facing seasonal troughs or occasional shocks, yes — it is cheap insurance and instant headroom. Arrange it while trading is strong for the best terms.
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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.