Leicester has one of the most diverse business economies in the East Midlands, with particularly strong textile, garment, food production, and logistics sectors alongside a growing professional and digital services base. Limited companies in these industries often need capital quickly and predictably — Credicorp's lending model is built around providing exactly that.
Why do Leicester businesses choose company loans over overdrafts?
Bank overdrafts are repayable on demand and can be withdrawn at short notice. A fixed-term company loan from Credicorp provides certainty: a defined facility, a set repayment schedule, and no risk of the facility being called in without notice. For directors planning around a specific contract or purchase, that certainty has real operational value.
Stock finance and inventory funding
Many Leicester companies — particularly in wholesale and distribution — need to buy stock months before the sale revenue arrives. A company loan can bridge that working capital gap. Illustrative example: a company purchasing £50,000 of inventory in June with payment expected from its retail customers in September might use a short-term facility to preserve day-to-day cashflow during that window. Any figures used are illustrative and not a quote.
How to start an application
Applications are submitted online. You will need your Companies House registration number, recent business bank statements, and the name of an authorised company officer. Most initial decisions are returned within one to two working days (illustrative; not guaranteed for all cases).
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: Business finance for limited companies in Nottingham, Business finance for companies in Birmingham and the West Midlands.