™
What you need
to apply.
A short, honest checklist so the application goes smoothly. Gather a few company details, a UK business bank account, some recent statements and the signing director's ID, and you are ready. The application itself is taken on the lender's site — and remember, the company borrows, never you personally.
There is no mystery to applying for short company finance. The lender needs to know which company is borrowing, that it has a UK business bank account, and enough recent trading history to judge whether the borrowing is affordable. That is most of it.
Creditcorp is the growing name for the Credicorp group, and Credicorp Limited is the lender behind it. This page is a guide; the application is taken on the lender's own site, credicorp.co.uk, where you can also see the live terms. The checklist below is general — the lender confirms exactly what it needs for your case.
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. This is not a personal loan, a payday loan or sole-trader finance.
The checklist, in plain English
Five things to have to hand. With these ready, the application is quick.
- Company details: your registered company name and number, so the lender knows exactly which legal entity is borrowing. These match your Companies House record.
- A UK business bank account: held in the company's name. This is where funds are paid, and its statements support the affordability check.
- Around six months of business bank statements: to show the company's cash flow — money in and out over time. Read-only Open Banking access can provide the same data securely, without uploading files.
- Director details: the name and details of the director applying, who must have authority to sign on the company's behalf.
- Photo ID: for the signing director, to confirm identity. This is an identity check, not a personal credit check.
Why each item is asked for
Nothing on the list is busywork — each part answers a specific question.
To know who is borrowing
The company name and number pin down the exact legal entity, and the director's details and photo ID confirm that the person applying has the authority to bind that company. Because the company is the borrower, this is about identity and authority — not about credit-scoring a director personally.
To pay the funds correctly
A UK business bank account in the company's name is where an approved loan lands. It also has to be the company's own account, because the company — not the director — is the one receiving and repaying the money. We cover what happens after approval in how funds reach your account.
To judge affordability
Around six months of statements, or Open Banking access to the same data, let the lender see the company's real cash flow and decide whether the borrowing is affordable and sensible. This protects the company as much as the lender — it is a check that the repayments fit the business.
What it is not
It is not a personal credit application. There is no personal guarantee, no charge over a home and no personal credit check on a director. The whole assessment is of the business. For the detail, see how affordability is assessed.
A note on identity vs personal credit
It is worth separating two things that often get confused. Collecting a director's photo ID is an identity check — confirming who is signing and that they can act for the company. It is not a personal credit check, and it does not put the director's own money on the line. Credicorp lends only to bodies corporate under Article 60B of the FSMA Regulated Activities Order 2001, so this is business credit, not consumer credit. The full position is on lending and regulation.
Application questions
The questions directors ask most. For anything specific to your application, the lender's team are at credicorp.co.uk.
What do I need before I start an application?
In short: your company details (registered name and number), a UK business bank account in the company name, around six months of business bank statements or secure Open Banking access, and the signing director's details with photo ID. Have those to hand and the application on credicorp.co.uk is quick.
Why does the lender ask for bank statements?
To understand the company's real cash flow and judge affordability. Around six months of business statements — or read-only Open Banking access to the same data — show money in and out over time. This is an assessment of the business, not a personal credit check on a director. We cover it in how affordability is assessed.
Do you run a personal credit check on the director?
No. The borrower is the company, so the assessment looks at the business. Photo ID and director details are collected to confirm identity and that the person applying has authority to bind the company — not to credit-score them personally.
Does the company need a business bank account in its own name?
Yes. Funds are paid to a UK business bank account held in the company's name, and statements from that account support the affordability check. A personal account will not do, because the company is the borrower, not the director.
Where do I actually apply?
On the lender's site. This page is the Creditcorp brand front door and does not take applications — applying, uploading documents and managing the account all happen at credicorp.co.uk.
Where to go next
Once you have the checklist together, the companion guides cover what comes before and after: how affordability is assessed explains what the lender does with your statements, how funds reach your account covers what happens once you are approved, and the how-it-works overview walks the whole journey. 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, uploading documents and managing your account all happen on the lender's site, credicorp.co.uk.