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The clauses that matter
Read the repayment schedule (amount, frequency, whether amortising or interest-only); the security — any charge or personal guarantee; the default triggers; the fee schedule; and how the loan ends, including early-repayment terms. Note any covenants you have to maintain.
What this means for your company
The agreement, not the sales conversation, is what binds you — so if a promise matters, make sure it is written in. Ask for anything unclear in plain English before signing. A fair agreement is short, states the total cost, takes no personal guarantee and lets you repay early without penalty. Credicorp's terms are written to be readable; when you're ready, apply online.
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
Should a solicitor review a small business loan?
For a straightforward, small facility with clear terms, many directors read it themselves. For larger sums, security over property or complex covenants, a short legal review is money well spent.
What is a red flag in a loan agreement?
Vague or open-ended fees, a personal guarantee buried in the small print, heavy early-repayment penalties, or default triggers that are easy to trip. Anything the lender won't explain plainly is worth pausing on.
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