Yes. Credicorp lends to UK limited liability partnerships (LLPs) registered at Companies House, alongside private limited companies. If your LLP is trading, has filed accounts, and has a UK business bank account, you can apply for a Business Loan, Credicorp Flex revolving facility, or Credicorp Slice bill-spread product.
What we look at for an LLP application
We review the LLP's filed accounts and management information, trading history, and cashflow. Because lending is to the LLP as a legal entity, decisions are based on the partnership's financial position rather than on individual members' personal finances.
Designated members and authority to borrow
Any member who applies must have authority to commit the LLP to a credit agreement — typically a designated member or one authorised by the LLP agreement. We may ask you to confirm this during the application. We do not require a personal guarantee from any individual member.
Products available to LLPs
- Business Loan — a fixed sum advanced for a fixed short term, repaid in regular instalments.
- Credicorp Flex — a revolving credit limit you draw, repay, and redraw as your working-capital needs change.
- Credicorp Slice — spreads a specific business bill across 3–4 weekly payments at a flat 6% fee with no compounding interest.
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 newly incorporated company apply for a business loan?.