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The two usual outcomes
On a sale, an outstanding company loan is commonly cleared from the proceeds, or the buyer takes it on with the lender's agreement. Which applies depends on the deal structure and the loan terms — check for any early-settlement charge.
Your personal position
Because the loan is to the company, not to you personally (and Credicorp takes no personal guarantee), your personal position is clean. Factor the loan into the sale price and negotiation.
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 have to repay a loan before selling?
Not necessarily — it can be settled from the proceeds or transferred to the buyer with the lender's consent. The right approach depends on the deal and the loan terms.
Am I still liable after selling?
With a company loan and no personal guarantee, your personal liability ends with the company's obligations. Confirm the treatment in the sale agreement to be sure.
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What happens when my business loan ends?
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What happens to a personal guarantee if I sell the company?
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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.