Should I borrow now or wait until I really need

2 min read

Arrange from strengthNot in crisis

Ready when neededStandby line

Better termsApplying calm

Why timing matters

Lenders assess you more favourably when the business is healthy and you're not desperate. Arranging finance from a position of strength usually means better terms than a rushed application under pressure.

The standby approach

A business credit facility arranged now sits ready and costs little unused — you draw on it only when needed. When the opportunity or the pinch arrives, the funding is already there.

Don't leave it too late

Applying in a crisis is harder and slower. Getting the facility in place early removes the scramble — see applying before you need the money.

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

Is it better to arrange finance before I need it?

Usually yes. You apply from a position of strength, get better terms, and have the funding ready when an opportunity or pinch arrives — rather than scrambling under pressure.

Does an unused facility cost much?

A standby line costs little when undrawn — you generally pay for what you use. That's a small price for having flexible cash ready the moment you need it.