™
How funds reach
your account.
Approval is not the finish line — it is the moment the practical part begins. This guide explains what happens next: reviewing the agreement, signing it, and the funds landing in your company's bank account, often the same working day. Throughout, the company borrows, never you personally.
When timing matters — a supplier deadline, a payroll run, a price that will not hold — the question on a director's mind is simple: once we are approved, how soon is the money actually in the account? Here is the honest answer.
Creditcorp is the growing name for the Credicorp group, and Credicorp Limited is the lender behind it. This page is a guide; signing, funding and managing the account all happen on the lender's own site, credicorp.co.uk. Timing is set by the lender and can vary, so treat the windows below as the usual shape, not a promise.
The borrower is the company — a UK private limited company (Ltd), LLP or PLC — not the director who signs. Funds go to the company's own account, never a personal one. No personal guarantee, no charge over a home, no personal credit check on a director. This is not a personal loan, a payday loan or sole-trader finance.
The steps, after approval
Three short stages between a yes and the money in your account.
- Review the agreement: the lender prepares the agreement setting out the amount, the charges, the term and the repayment schedule. Read it — this is the binding document, and it is worth a careful look.
- Sign it: a director signs on the company's behalf. Signing is the point at which the deal becomes binding, so take the time you need before you do.
- Funds released: once signed, the funds are released to the company's UK business bank account. On a fixed-sum Bridging Loan the full amount arrives in one go; on a Flex facility you then draw down against the limit as needed.
Timing — and the 3pm rule of thumb
Speed is usually the point of short-term finance, so here is what to expect.
Business loans are typically released to the company bank account on the same working day once the agreement is signed. A useful rule of thumb: where the agreement is signed before 3pm UK time on a working day, same-day funding is the usual outcome. Sign later in the day, or over a weekend or bank holiday, and funding tends to fall to the next working day.
Two things sit behind this. First, the clock starts at signing, not at approval — so the faster you review and sign, the sooner the money moves. Second, the exact timing depends on the lender's process and on the receiving bank's own clearing, so it can vary. The live position is always with the lender at credicorp.co.uk.
Where the money goes — and why that matters
The destination is not a detail; it is part of how this lending works.
To the company's own account
Funds are paid to the UK business bank account in the company's name — the same account whose statements supported the application. They are never sent to a director's personal account, because the company is the borrower and the company is what receives and repays the money.
Then it is the company's to use
Once the money lands, it is working capital for the business: stock, a supplier deposit, a payroll run, a repair that cannot wait. The loan did its job the moment the gap it was raised to bridge is covered.
Repayment follows the same logic
Because the company holds the funds and owes the debt, repayments come from the company's account on the agreed schedule. And since interest on a Bridging Loan is charged on the outstanding principal, clearing the balance early lowers the cost — see early repayment explained.
No personal exposure
No personal guarantee, no charge over a home, no personal credit check on a director. The money flows to and from the company, and the obligation stays with the company. For the regulatory backdrop, see lending and regulation.
Funding questions
The questions directors ask most. For anything specific to your funding, the lender's team are at credicorp.co.uk.
What happens once my company is approved?
The lender prepares the agreement, you review it and a director signs on the company's behalf, and the funds are then released to the company's UK business bank account. Signing is the moment the deal becomes binding, so it is the step to take time over.
How quickly do funds arrive?
Business loans are typically released to the company bank account on the same working day once the agreement is signed. Where the agreement is signed before 3pm UK time on a working day, same-day funding is the usual outcome. Timing sits with the lender and can vary, so confirm at credicorp.co.uk.
Where are the funds sent?
To the company's own UK business bank account — the one in the company's name that supported the application. Funds are never sent to a personal account, because the company is the borrower, not the director.
Do I have to do anything to draw the money down?
On a fixed-sum Business Bridging Loan the full amount is paid in one go after signing, so there is nothing more to do. On a revolving Credicorp Flex facility you draw down what you need, when you need it, against the agreed limit. The mechanics live with the lender.
Where does signing and funding actually happen?
On the lender's site. This page is the Creditcorp brand front door and does not handle accounts — signing, funding and managing the account all happen at credicorp.co.uk.
Where to go next
To see funding in the context of the whole journey, what you need to apply covers the step before, what a business loan agreement covers explains the document you sign, and the how-it-works overview runs first look to funds in the bank. The full terms for all three products are on the products page, and the whole series sits on the Learn hub.
Ready when you are
Applying, signing, funding and managing your account all happen on the lender's site, credicorp.co.uk.