Kettering limited companies and LLPs can apply to Credicorp for short-term business finance. We lend to the company directly — no director is asked to put up a personal guarantee.
What kind of businesses in Kettering typically use short-term finance?
Kettering has a long industrial history and today hosts a mix of distribution, light manufacturing, and trade businesses. Companies in these sectors often deal with lumpy cash flows: a large materials order required before a contract starts, or an invoice not settling for sixty days while costs continue. Short-term finance bridges that gap without the company having to turn down work or draw down on reserves built up for other purposes.
Fixed loan or revolving facility — which suits my company?
A Business Loan gives you a set amount to use and repay over a defined short term — clean and predictable. Credicorp Flex is a revolving credit facility: draw when you need it, repay as income arrives, draw again. If your Kettering company's cash needs are irregular and recurring, Flex tends to be the more cost-efficient choice because you are only borrowing what you actually need at any given time. Credicorp Slice handles a different scenario: it spreads a single supplier or service bill across three or four weekly payments at a flat 6% fee.
Is the application process complicated?
The application is online and straightforward. We will assess your company's trading position and financial history. There is no requirement to visit a branch or arrange a face-to-face meeting.
We lend only to UK limited companies and LLPs, and the loan is to the company with no director personal guarantee. As business finance outside the consumer-credit regime, it is not covered by the Financial Ombudsman Service or FSCS.
See also: Short-term business loans for Northampton companies, Can my Peterborough limited company get short-term business finance?, Can my Bedford limited company get short-term business finance?