2 min read
How it works
Security over company assets — often via a debenture — lets the lender recover the debt from the business's assets if it cannot pay. It lowers the lender's risk, which can mean a larger or cheaper loan.
The key distinction
This is not a personal guarantee. Security attaches to company assets; a personal guarantee attaches to yours. Credicorp lends with no personal guarantee, keeping your personal assets out of it.
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 securing against company assets risky for me personally?
The claim is on company assets, not your personal ones, unless you also signed a personal guarantee. Understand exactly what is secured, and check for any personal guarantee separately.
Does secured lending always need a personal guarantee?
No. A loan can be secured on company assets yet take no personal guarantee, as Credicorp's does not. Security and personal guarantees are separate things.
Related reading
Secured or unsecured: which should I choose?
Secured can be larger and cheaper but ties an asset to the debt; unsecured protects your assets but is…
Read →
What is a debenture on a business loan?
A debenture is a legal charge that gives a lender security over a company's assets — a claim on the business,…
Read →Does a business loan need a personal guarantee?
It depends on the lender — many require a personal guarantee, but not all do. A personal guarantee makes you…
Read →
Are Loan Arrangement Fees Tax Deductible Against Corporation Tax?
Arrangement fees paid to secure a business loan are treated as part of the cost of borrowing and are…
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.