Credicorp assesses every application at the level of the limited company or LLP, not the individual directors behind it. Our credit process combines automated data analysis with human judgement on applications where the picture is more complex, aiming to reach a well-grounded decision efficiently.
What we look at
Our models draw on a range of business data: trading history, revenue patterns, existing obligations, sector context, and the company's filed records where available. We may also request recent bank statements, management accounts, or other supporting information depending on the size and nature of the facility. We do not rely primarily on personal credit scores of directors — our focus is the company's own financial health and repayment capacity.
Automated modelling and human review
Routine applications that fall clearly within our risk appetite are assessed by our automated decisioning system, which allows us to return outcomes quickly. Where the application is larger, the company profile is less straightforward, or our models flag items that warrant closer scrutiny, a credit analyst reviews the case directly. Both routes apply the same underlying credit standards — the path to a decision differs, not the standard itself.
No director personal guarantee
Because lending is to the company, we do not ask directors to provide personal guarantees as a condition of our standard facilities. Our credit assessment is designed to establish whether the company can service the debt from its own resources — not to create a fallback against a director's personal assets.
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: What are Credicorp's lending principles?, Who is Credicorp?, How is Credicorp's lending funded?