No. Running an eligibility check with Creditcorp costs nothing and does not affect your company's credit file. We carry out a soft search at the initial stage, which is invisible to other lenders and does not influence your credit score.
What happens during eligibility checking
When you submit your details, we review basic company information — trading history, turnover, and the purpose of the facility. This soft-search stage is entirely exploratory. You are under no obligation, and no fee is charged at any point before you formally accept a credit agreement.
When charges begin
Costs only arise once you draw down funds against a signed agreement. For a Business Loan, the arrangement fee (if any) is disclosed in your offer document before you sign. For Creditcorp Flex, the facility fee applies from the point the revolving line is opened. For Creditcorp Slice, the flat 6% fee is shown before you confirm each bill-spreading arrangement. Nothing is hidden or triggered by the application process itself.
Can I get a quote without committing?
Yes. You can request an indicative quote that shows illustrative costs for the facility you have in mind. This is also free. The quote is not a binding offer, and accepting a quote does not oblige you to proceed.
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 fees does a Business Loan carry?, How does the Creditcorp Flex facility fee work?, Does settling early actually save money?