2 min read
Why this happens
Banks occasionally freeze accounts during routine compliance or fraud reviews. It is frustrating and often resolves within weeks, but in the meantime you cannot move money.
Keep the business running
A short working-capital facility from a lender separate to your frozen bank lets you meet payroll and critical supplier payments so trading continues. Because Credicorp lends to the company, the funds are yours to deploy.
Reduce the future risk
Consider a second business bank account so a freeze on one never stops the business dead. A standby facility does the same job for cash.
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 frozen account stop me getting finance?
Not necessarily. A lender looks at the health of the business, and a compliance review is not the same as insolvency. Be open about the situation and show the underlying trade is sound.
How long do account freezes last?
Often a few weeks, sometimes longer. A short facility buys certainty so you are not gambling on how quickly the bank resolves it.
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