Working Capital Finance for Growing SMEs
Exempt business credit for UK limited companies. Bridge cash flow, fund payroll, seize inventory deals, and scale your operations—lending under Article 60B (FSMA RAO 2001), outside FCA consumer regulation. For UK limited companies and LLPs only.
Built for commercial speed
Commercial‑only assessment
No retail compliance drag. We assess your company’s trading and cash flow—not personal credit.
Tailored to your cycle
Facility structured around your company’s cash‑flow gap. Funds released as a single advance against corporate liability.
Growth capital
No corporate asset pledge required. Personal guarantees from directors typically secure the facility.
Operational funding for your limited company
A credit facility to cover day‑to‑day operational gaps, seasonal dips, or immediate growth opportunities.
- Hire and onboard—fund payroll growth without delaying expansion.
- Buy inventory in bulk ahead of peak trading seasons or promotions.
- Launch targeted marketing campaigns to acquire new customers.
- Secure large project or contract deposits to win new work.
- Upgrade essential software, equipment, or vehicles to increase capacity.
Liability: The facility is offered to your company. Personal guarantees from directors are typically required by our underwriting and create personal liability.
Eligibility at a glance
- UK‑registered limited company or LLP
- Clear trading history (min. 12–24 months)
- UK business bank account
- Annual turnover > £100k
- Up‑to‑date company filings
How it works
Single‑draw, fixed‑term credit
Tailored to your company's turnover and cash flow stability. Credit limit and terms are personalised following assessment.
Clear underwriting
Decision typically within 1–2 business days after document submission. Funds transferred directly to your company bank account upon completion.
Facility overview
- Facility Type
- Single draw, fixed‑term credit
- Repayment Term
- 3–24 months
- Security
- No corporate asset pledge
Personal guarantees typically required - Renewal
- Subject to fresh application and assessment
Typical uses for SME growth
Payroll bridging
Cover wage costs during off‑season months or whilst waiting for client invoices.
Seasonal inventory
Bulk‑purchase stock ahead of peak trading seasons or promotional events.
Targeted marketing
Launch customer‑acquisition campaigns with upfront media‑buying budgets.
Contract deposits
Secure upfront deposits for large contracts or client projects.
Capacity investment
Upgrade essential software, machinery, vehicles or tools to increase output.
Cash‑flow smoothing
Manage timing mismatches between supplier payments and customer receipts.
Apply in Credicorp Hub
- Check eligibility with our online tool (no obligation).
- Submit your company documents and trading history.
- Receive a tailored facility offer—decision typically within 1–2 business days.
- Sign the facility agreement online; funds transfer directly to your company account.
Need a quick estimate?
Our pricing calculator shows indicative costs based on your company’s profile.
View pricing calculatorFrequently asked questions
Is a director’s personal guarantee required?
Yes, personal guarantees are typically required by our underwriting and create personal liability. This will be confirmed during assessment and stated clearly in your facility terms.
How quickly can I receive funds?
Once approved and your facility agreement is complete, funds are transferred directly to your company bank account within 1 business day.
What makes this ‘exempt lending’?
Exempt lending under Article 60B (FSMA RAO 2001) is for UK limited companies and LLPs only, falling outside FCA consumer‑credit regulation. This allows faster decisions and commercial terms.
What are the costs / rates?
Costs are personalised following assessment of your company's credit profile and the facility structure. Your tailored terms will show all fees, charges, and the APR upfront. Use our pricing calculator for an indicative estimate.
How long does the application take?
Exempt lending means a commercial credit assessment—typically faster than retail processes. Most decisions are returned within 1–2 business days after document submission.
What happens if my company can’t repay on time?
Your facility agreement sets out the remedies available to Credicorp, which may include late‑payment fees and suspension of further draws. We work with customers to agree a sustainable repayment plan wherever possible.
Can I use the facility more than once?
This is a single‑draw facility. Once the advance is repaid in full, you may re‑apply for a new facility—subject to fresh assessment of your company’s latest accounts and trading position.
Does this affect my personal credit file?
Lending is to your company, so the facility does not appear on personal credit reports. However, any default may lead to legal action against the company and guarantors, which could affect your personal financial standing.
Next steps for your company
Credicorp provides exempt business lending to UK limited companies under Article 60B. Personal guarantees from directors are typically required.
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