Is my business eligible for Credicorp finance?

The core eligibility criteria

Three things matter most. First, you must be a UK limited company registered at Companies House — Credicorp lends to the company as a legal entity, not to individuals or sole traders. Second, the company should be actively trading, with revenue and activity that can be assessed. Third, the funds must be for a genuine business purpose — working capital, stock, payroll, equipment or growth.

Meet those three and you are in the right place. The rest of the decision is about the specifics of your trading.

What Credicorp looks at

Because the borrower is the company, the assessment centres on the company's trading health: turnover, cash flow, how long it has been trading, and whether the requested amount and term make sense for the business. Credicorp wants to see that the company can comfortably service the repayments out of normal trading.

You do not need to be perfect. A strong recent trading picture can outweigh an imperfect history, and because Credicorp typically lends without a personal guarantee, the focus stays on the business rather than on your personal balance sheet.

Newer and imperfect-credit companies

Eligibility is not all-or-nothing. Younger companies can qualify if their trading is convincing, and a company with imperfect credit history may still be eligible where current performance is strong. Credicorp looks at the picture as it stands now, not just a credit score in isolation.

The honest answer is that no lender can guarantee approval before seeing the figures. But if you are a trading UK limited company with a real need, you clear the threshold for consideration — which is the question this page answers.

What strengthens a borderline case

If you're unsure whether your company is over the line, a few things tip the balance. Up-to-date, tidy figures make the trading easy to read. A clear, specific use of funds — bridging an invoice, buying stock for a known order — shows the money does a job. And an amount that sits sensibly against turnover signals the repayments are comfortable.

None of these require a perfect company. They simply make it obvious that the business can service the loan from normal trading. If your figures are a little out of date, getting them current is the single most useful step before you apply. See how to improve your chances for more.

How to check for certain

The only way to know definitively is to apply — it costs nothing to find out. The application is made in the company's name and asks about the business: how long it has traded, its turnover, and what the funds are for. Credicorp then gives a clear decision. You can register and start an application, or read about how the finance works first. If you're unsure on amount, see how much your business can borrow.