Paisley is home to a wide range of trading businesses, from manufacturing and logistics companies benefiting from proximity to Glasgow Airport, to professional services firms and growing SMEs. Credicorp lends to UK limited companies and LLPs throughout Renfrewshire, including Paisley, on a fully online basis.
What can the finance be used for?
Credicorp does not restrict the business purpose of lending, provided it is legitimate commercial spending. Paisley companies commonly use short-term finance to bridge a gap between completing work and receiving payment, to purchase stock or materials ahead of a contract, or to smooth a quarterly VAT or PAYE payment. The key is that spending relates to the company's trading activity.
Which product fits best?
- Business Loan — fixed sum, fixed short term. Appropriate when the need is defined and you want predictable repayments.
- Credicorp Flex — revolving facility with a pre-agreed limit. Draw what you need, repay it, and draw again. Lower overhead when your cash-flow shortfalls are irregular rather than one-off.
- Credicorp Slice — splits a specific bill into three or four weekly instalments at a flat 6% fee. Straightforward and fast when the problem is one large outgoing.
No local office required
Credicorp operates entirely online. There is no need to travel to a branch or arrange a face-to-face meeting. Paisley and Renfrewshire companies apply, receive a decision, and manage repayments through our online platform. Directors deal with us in their own time, not ours.
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 Stirling limited companies, Business finance for Livingston companies.