# Same-day lending decision: how it works How a same-working-day lending decision happens at Credicorp — the data sources checked, what makes a decision fast or slow, and how to apply for the fastest outcome. **Site:** [creditcorp.co.uk/learn/same-day-decision-how-it-works/](https://creditcorp.co.uk/learn/same-day-decision-how-it-works/) Creditcorp is the growing name for the Credicorp group. Credicorp Limited is the lender behind it — short-term working capital for incorporated UK businesses. No personal guarantee on any product. This page is a guide; applications go to [credicorp.co.uk](https://credicorp.co.uk/). ## Contents - What happens after you apply - What slows a decision down - Five steps for the fastest possible decision - Same-day decision questions - Ready to apply? ## Step-by-step guide **Step 1: Apply on a working day** Decisions are processed during working hours. An application submitted at 4pm on a Friday will not receive a same-day decision until Monday morning at the earliest. For the fastest outcome, apply at the start of the working day — this maximises the available processing window. **Step 2: Connect via Open Banking for instant data** Open Banking provides read-only access to the company's bank transaction history directly from the bank. It is faster and more reliable than PDF statement upload — no formatting issues, no missing pages, no delays waiting for uploaded files to be checked. Connect the company's business bank account via Open Banking when the application offers the option. **Step 3: Ensure at least three months of bank data is available** The assessment uses bank statements to verify income pattern and affordability. If the company bank account shows fewer than three months of trading history, or if only partial statements are available, the assessment cannot be completed from available data. New companies should apply once they have at least three months of statements. **Step 4: Have the company details correct and complete** The application needs to match the Companies House record. The registered company name, number and address should be current. Confirmation statements and accounts should be filed on time. Discrepancies between the application and the Companies House record can trigger a query that delays the decision. **Step 5: Respond quickly to any clarifying question** If Credicorp has a question arising from the application — about a specific transaction, a gap in the data, or a point that needs clarification — respond as quickly as possible. Queries are the most common cause of a same-day decision becoming a next-day one. Watch for contact from the assessment team after submitting. ## Frequently asked questions **How fast is the decision?** For a complete application submitted on a working day, the decision is typically reached the same working day. "Complete" means the company bank data is available (via Open Banking or PDF upload) and the application covers all required fields. Incomplete applications, queries about the data, or applications submitted outside working hours will take longer. **What data does Credicorp check during a decision?** The three main data sources are: (1) company bank statements — the primary affordability signal, showing income pattern, balance levels, existing commitments and cash-flow behaviour; (2) business credit bureau data — from providers such as Experian Business, Equifax, Creditsafe or Dun & Bradstreet, covering payment history, CCJs and credit utilisation; (3) Companies House — registered company record, confirmation statements, filing history, director details. **Is there a personal credit check?** No. Credicorp assesses the company, not the director personally. There is no search on a director's personal credit file. The lending is to the body corporate; the director has no personal liability and no personal credit check forms part of the assessment. **What slows a decision down?** The most common causes of delay are: (1) incomplete bank data — only partial statements uploaded, or Open Banking connection failing; (2) application submitted outside working hours — decisions run during the working day; (3) the application raising queries — unusual cash-flow patterns, very recent incorporation, or a data discrepancy that requires a clarifying question. If a query arises, Credicorp will typically contact the company to ask. **Does "decision the same day" mean I get the money the same day?** Not always. The decision and the funding are separate steps. Once a decision is made and an offer accepted, funds are typically sent to the company's nominated bank account the same or next working day, depending on when the agreement is signed and the bank's payment processing. Read the application process step by step for the full timeline. ## About Creditcorp / Credicorp Credicorp Limited is a UK short-term business lender. Products: Business Bridging Loan (14–84 days, 0.25%/day), Credicorp Flex (revolving credit, 0.25%/day on drawn balance), Credicorp Slice (invoice-backed, flat fee). Incorporated UK companies and LLPs only. No personal guarantee. No debenture. Same-day decisions. Total charges capped at 100% of principal. - [Apply or get a quote](https://credicorp.co.uk/) - [Products overview](https://credicorp.co.uk/products/) - [Eligibility](https://credicorp.co.uk/eligibility/) - [All learn guides](https://creditcorp.co.uk/learn/)