Short-term business credit.
Two products. Same pricing, different structure. The borrower is the company, not the director. The brand site does not take applications — every CTA goes to credicorp.co.uk.
The two products
Same daily-interest pricing on both. Choose by whether you need a single lump sum or an ongoing facility.
Business Bridging Loan
- Amount: £50 – £500
- Term: 14 – 84 days
- Interest: 0.25% per day on outstanding principal
- Establishment fee: £5.00 (one-time)
- Cost cap: 100% of principal
- Repayment cadence: weekly or fortnightly
- Personal guarantee: none
- Right to withdraw: 14 days from signing
Credicorp Flex
- Credit limit: £50 – £500
- Interest: 0.25% per day on drawn balance only
- Establishment fee: £5.00 (on first drawdown)
- Cost cap: 100% per drawing
- Term: ongoing while in good standing
- Cycle: 14 days
- Minimum per cycle: 10% of drawn balance, or £20, whichever is greater
- Personal guarantee: none
Eligibility
- UK private limited company (Ltd), limited liability partnership (LLP), or public limited company (PLC).
- Trading for at least six months.
- UK business bank account in the company's name.
- The loan is for a business purpose.
Full operator eligibility detail is at credicorp.co.uk/what-we-offer.
Who Credicorp does not lend to
- Sole traders. Lending to a sole trader is lending to an individual; that's outside the Credicorp product.
- Individuals borrowing in their own name. Credicorp does not offer personal loans, payday loans or guarantor loans.
- Unincorporated partnerships.
Body-corporate lending is the only direct-lending business Credicorp Limited does. There is no personal-loan product — see /lending-and-regulation/ for why the perimeter is drawn there.
How the application works
- Apply online at credicorp.co.uk/apply. About five minutes. Company details, director details, business bank account, photo ID, six months of business bank statements.
- File review. A real person reviews the application. Companies House verification, business credit check, affordability check on the bank statements. The operator may come back with one or two questions.
- Sign the agreement. If approved: Key Information Sheet and Business Loan Agreement. The agreement is between Credicorp Limited and your company. No personal guarantee.
- Funds released. Money sent to your business bank account, usually the same working day if the agreement is signed before 3 pm UK time.
Full walkthrough: credicorp.co.uk/how-it-works.
Honest about cost
These are small short-term loans. They are not cheap relative to a business overdraft, a business credit card, or a longer-term business loan, and the operator is upfront about that. For most cash-flow needs, there is a cheaper option — business overdraft, business credit card, invoice finance, asset finance, a grant, a larger SME loan, a director's loan, or simply asking a customer to pay early.
The operator's business-loan page lists nine alternatives the operator recommends checking first before applying for a Credicorp loan: credicorp.co.uk/business-loans.
What protections do and do not apply
A Credicorp business loan is unregulated business credit. Three practical consequences a borrower should know about:
- No FCA authorisation is required for the lender, and Credicorp Limited is not authorised by the Financial Conduct Authority.
- The Financial Ombudsman Service does not cover the loan. Complaints go through the operator's internal complaints process, then to the courts.
- The Financial Services Compensation Scheme does not cover the loan.
These follow from Article 60B of the FSMA Regulated Activities Order 2001, not from any choice by Credicorp. Body-corporate lending sits outside the FCA consumer-credit regime.