Each application is made by an individual UK limited company or LLP as the borrowing entity. If you have a group of companies and two or more entities wish to borrow, each applies separately and each agreement is entered into by that entity alone. We do, however, look at the group's overall financial health when assessing any member of it.
How group exposure is assessed
When one group company has an existing facility with us, applications from connected companies are reviewed alongside that existing exposure. We consider the consolidated financial position, any inter-company guarantees already in place, and whether the group as a whole can support the additional facilities requested.
Practical tips for group applications
- Apply with the entity that has the strongest standalone trading history where possible.
- Provide consolidated management accounts as well as statutory accounts for individual entities — this speeds up assessment.
- Disclose connected-company relationships upfront; undisclosed group links will be identified from Companies House data and may slow decisioning.
Products available to group entities
All three products — Business Loan, Credicorp Flex, and Credicorp Slice — are available to qualifying group entities. A Credicorp Flex revolving facility can be particularly useful where several subsidiaries draw from a pooled working-capital need managed at group level, provided each entity holds its own facility agreement.
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: Can a holding company apply for business finance?, Can a dormant company restarting trading get a business loan?.