™
Business credit, not consumer credit.
Credicorp lends only to bodies corporate — UK limited companies and LLPs. That one line sets the whole regulatory position. The detailed explainer, and the statutory references, sit on the group.
Lending to companies, not people
Every Creditcorp facility is between the lender and a UK body corporate — a limited company or an LLP. That single fact is what places this lending outside regulated consumer credit, and it is why these products are never offered to sole traders or to anyone borrowing in their own name.
The headline
Because the borrower is always a company, never a person, these agreements are not regulated consumer credit.
Under Article 60B of the FSMA Regulated Activities Order 2001, lending to a body corporate is not a regulated “credit agreement”. So FCA authorisation is not required for this kind of lending, and the Financial Ombudsman Service and the Financial Services Compensation Scheme do not apply to it. In practice these products are not for sole traders or for anyone borrowing in their own name.
That is the short version. Why the perimeter is drawn exactly there, and what it means for a borrower, is set out in full on the group: creditcorpgroup.co.uk/lending-and-regulation.
Eligible to borrow?
Apply on the lender, or read the full position
If you run a UK limited company or LLP, applications happen on the lender. If you want the detailed regulatory explainer first, it lives on the group hub.