Yes — a quote, an indicative offer, or a full credit offer from Creditcorp costs nothing to receive and creates no obligation. Your company can review every number, ask questions, and walk away without penalty.
What happens when you request a quote
We may carry out a soft credit search to produce an indicative quote. A soft search does not appear on your company's credit file in a way that other lenders can see, and it does not affect your credit score. If you decide to proceed to a full application, we will tell you before any hard search is carried out.
Receiving a full offer
A full offer letter sets out the exact cost of borrowing, the repayment schedule, and all fees that apply. Reading this letter, asking for clarification, or even requesting a revised quote (for a different amount or term) is still free. You only become a borrower — and costs only begin to apply — once you formally accept and funds are drawn.
No time-pressure or expiry penalties
Offers carry an expiry date (typically because your financial information has a shelf life), but you will never be charged for letting an offer lapse. There is no fee for declining, and no minimum number of draws required on a Flex facility once opened.
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: Are there any fees to apply for a Creditcorp facility?, How is the total cost of borrowing shown before I accept?.