2 min read
Definition
An APR cap limits the maximum cost of credit. In UK consumer markets, price caps apply to specific products such as high-cost short-term credit; business lending to companies is exempt, so any cap is contractual, negotiated into the facility rather than imposed by law.
In plain terms
It is a ceiling on what the borrowing can cost. On business finance, you get it by negotiating one in, not by relying on a consumer price cap.
Why it matters for your company
On business lending, negotiate cost protections directly and compare on total amount payable. See rate cap.
Credicorp lends to your company, not to you personally, and takes no personal guarantee. See indicative terms on business loans, or apply online in minutes.
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Read →Funding for UK limited companies
Credicorp lends to your company, not to you personally — short-term working capital with no personal guarantee. See what your business could access.