2 min read
What they look at
The core checks are: affordability (does cash flow comfortably cover the repayment?), recent trading (verified turnover, often via open banking), your credit profile, the purpose of the loan, and a credible repayment plan. Any guarantee or security required is assessed too.
How to present well
Have current management accounts, a tidy credit file, and a clear one-line purpose with a repayment plan. Borrow to the need, not the maximum. Connect open banking to verify trading instantly. A loan-application checklist covers the documents. A well-prepared application is quicker to approve and often gets better terms.
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
Does a lender always run a credit check?
Usually yes, but it is one input among several. A patchy credit file can be offset by strong recent trading and clear affordability. Credicorp weighs the whole picture rather than a single score.
What matters most in the assessment?
Affordability — whether your cash flow can comfortably cover the repayment. Everything else (credit, history, purpose) supports that central question. Show a repayment you can clearly meet and you are most of the way there.
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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.