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What it means
APR rolls the interest and mandatory fees on a loan into a single annual percentage. Because it accounts for time and fees, it lets you compare two offers that quote their cost differently.
Why it matters for your company
A headline rate can hide a big fee or a flat-rate structure; APR exposes the real cost. Always ask for it, and compare on APR or total repayable. See APR vs factor rate.
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
Is APR the same as the interest rate?
No. The interest rate is the charge on the money; APR adds compulsory fees and annualises the whole cost, so it is usually higher and always fairer for comparison.
Why does APR matter for business lending?
It cuts through flat rates, factor rates and fees, letting you compare offers on a like-for-like basis. Business lending to companies is exempt from consumer APR rules, so always ask for it explicitly.
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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.