If your company is facing a temporary cash-flow gap this month, there are several options we can consider. None of them happen automatically — they require a conversation with us — but they are genuine routes, not just formalities. The right option depends on your circumstances, the remaining term of your facility, and your repayment history with us.
Short-term payment deferral
In some cases we can agree to defer one or more monthly payments to the end of your facility term. This keeps your agreement live and avoids a missed-payment entry on your company credit file, but it does mean interest continues to accrue across the deferred period. A short deferral is most suitable when the difficulty is genuinely temporary — for example, a large invoice that is 30 days late arriving.
Reduced instalment arrangement
If your business can sustain some repayment but not the full contractual amount, we may be able to agree a temporary reduced payment for a defined period. The shortfall would typically be recalculated and spread across remaining instalments once normal payments resume. As an illustrative, not-a-quote example, a company paying £2,000 a month might temporarily pay £1,000 for three months, with the £3,000 difference redistributed across the remaining term.
Full facility restructure
Where the pressure is more sustained — a structural change in revenue, a prolonged sector downturn — we can review whether the facility can be extended or otherwise restructured. This is a more involved process and will require up-to-date financial information, but it is preferable to allowing the account to fall into default.
We lend only to UK limited companies and LLPs, and the loan is to the company with no director personal guarantee required. As business finance outside the consumer-credit regime, it is not covered by the Financial Ombudsman Service or FSCS.
See also: How do I tell Credicorp my business is struggling?, What happens if my company misses a loan payment?.