# From application to funds, step by step. Applying for a Credicorp business credit facility has six stages: prepare, gather documents, submit, wait for the decision, sign the agreement, and receive the funds. The whole process typically takes one working day. On every Credicorp product, **the company borrows, never you personally**. No personal guarantee. Creditcorp is the growing name for the Credicorp group, and Credicorp Limited is the lender behind it. It does one thing: short-term working capital for incorporated UK businesses. This page is a guide, not an application; applying happens on the lender's own site, [credicorp.co.uk](https://credicorp.co.uk/). Throughout, the borrower is the **company** — a UK private limited company (Ltd), LLP or PLC — not the director who signs. No personal guarantee, no charge over a home, no personal credit check on a director. These are **not** personal loans, payday loans or sole-trader finance. ## The six stages In order, from preparing the company to money in the account. ### 1. Prepare your company Before applying, make sure the company is in good standing at Companies House — confirmation statement and accounts not overdue, no outstanding gazette notices. The lender runs a live check during the assessment. ### 2. Gather what you need The application asks for: - **Company details** — the registered name and number, exactly as they appear at Companies House - **A UK business bank account in the company's name** — the account where funds will be paid and statements come from - **Around six months of bank statements** — or read-only Open Banking access to the same data - **Director details** — the name and details of the director applying, who must have authority to bind the company - **Photo ID** — for the signing director, to confirm identity. This is not a personal credit check ### 3. Submit the application The application form is on [credicorp.co.uk/apply](https://credicorp.co.uk/apply/). It takes around five minutes. You will be asked which product you want and how much, the company details, and — if connecting via Open Banking — to authorise the read-only feed. Alternatively you can upload bank statements directly. ### 4. Receive the lending decision Credicorp's team reviews the application. They check Companies House, run a business credit bureau check, assess the bank statement data for affordability and trading history, and verify the director's identity. For straightforward applications, the decision comes back the same working day — sometimes within a few hours. The team may come back with a follow-up question. The decision is either an approval (with the amount and terms set out), a request for more information, or a decline. A decline does not affect the company's business credit record adversely, and Credicorp does not run a personal credit check on any director. ### 5. Review and sign the agreement If approved, the company receives: - **A Key Information Sheet** — a short, plain-English summary of the key terms - **A Business Loan Agreement** (or the equivalent Flex or Slice agreement) — the binding contract between Credicorp Limited and the company The director must read and sign the agreement. The 14-day cooling-off right to withdraw applies from the date of signing. Before signing, check that the amount, term, rate and repayment schedule match what was agreed. ### 6. Receive the funds Once the signed agreement is received and verified, Credicorp releases the funds. Payment is made to the company's UK business bank account via Faster Payments. If the agreement is signed before 3 pm on a working day, funds typically arrive the same day. ## How long does the whole process take? A complete application submitted before mid-morning, with no outstanding queries, can result in funds in the account the same working day. Applications involving queries or submitted late in the day may complete the following working day. Applications on Fridays or before bank holidays may run into the following working week for the final step. ## Application questions **Can I apply if the company has more than one director?** Yes. One director must apply and sign. They must have authority to bind the company — typically this means they are a signatory on the bank account and can act independently under the company's articles. **Is there a credit check on me personally?** No. Credicorp checks the company's business credit record, not any director's personal file. The identity check is not a credit search; it is a verification that the person applying is who they say they are. **What if I am also a director of another company that has borrowed from Credicorp?** Each application is assessed on its own merits. The same director can be involved with multiple borrowing companies. **Will the application affect the company's credit record?** Credicorp runs a business credit check, which may leave a soft or hard footprint at the bureau depending on how far the application progresses. This is a company record, not a personal credit record. **What happens to the application if I do not sign the agreement?** If a decision is made but the agreement is not signed within the offer period, the offer lapses. There is no penalty; the company can reapply. ## Where to go next - [What you need to apply](/learn/what-you-need-to-apply/) — the pre-application checklist. - [How a lending decision is made](/learn/how-a-lending-decision-is-made/) — what the underwriting team assesses and how. - [No personal guarantee — what it means](/learn/no-personal-guarantee-what-it-means/) — why the company is the only obligor. - [How funds reach your account](/learn/how-funds-reach-your-account/) — the payment path from decision to bank account. - [The three products](/products/) — Business Bridging Loan, Credicorp Flex and Credicorp Slice. ## Ready when you are Applying, drawing down and managing your account all happen on the lender's site, [credicorp.co.uk](https://credicorp.co.uk/).