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What a negative pledge stops
Even on an unsecured facility, a lender may add a negative pledge: you agree not to give another lender a fixed or floating charge without permission. It keeps the lender from being leapfrogged in priority if the company later fails.
Impact on future finance
A negative pledge can block you from raising secured finance elsewhere until it is waived. Read the covenant schedule before signing, and compare against a clean unsecured facility with lighter conditions. See how underwriting works.
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 negative pledge take security over my assets?
No — it does not create a charge. It simply stops you granting security to others without consent, preserving the lender’s priority.
Can it block future borrowing?
It can limit secured borrowing elsewhere until waived. Check the clause and weigh it against a facility with fewer restrictions.
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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.