Answer

Should I tell my accountant before borrowing?

Yes — a quick word with your accountant before borrowing helps with tax treatment, the right structure, and a sanity-check on affordability.

2 min read

YesWorth a word
Tax + structureThey add value
Sanity-checkAffordability

How they help

Your accountant can confirm the tax treatment of the borrowing, advise on structure (loan vs facility vs asset finance), and sense-check the numbers against your accounts. It is a small step that avoids costly missteps.

When it matters most

For larger, growth or acquisition borrowing, and anything touching a director's loan or company structure, professional input is well worth it. For routine working capital, a brief check is enough. Either way, keep them informed.

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 need my accountant's approval to borrow?

Not their approval, but their input is valuable, especially on tax, structure and affordability. A quick conversation can save money and avoid missteps.

When is accountant advice essential?

For larger, growth or acquisition finance, and anything involving a director's loan or company structure. For routine working capital, a brief check is usually enough.

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.