Topping up a business loan: borrowing more without starting over

How a top-up works

A top-up increases an existing loan, usually once you have repaid enough of it and demonstrated reliable payments. The lender reassesses affordability on the higher balance and, if it fits, advances the extra — often faster than a brand-new application because the relationship already exists.

When a lender will agree

A clean payment history on the current loan is the strongest argument. Combined with steady or improved trading, it tells the lender the larger amount is safe. A patchy record, by contrast, makes a top-up harder than the original loan was.

Affordability is reassessed

The bigger balance means a bigger repayment, so your cover ratio is recalculated. If your cash flow has grown, the top-up may sit comfortably; if not, the lender may cap the increase. Check it yourself first with a affordability check.

Top-up or second facility?

Sometimes a separate loan or a revolving facility suits better — for a short, distinct need you will clear quickly. Compare the total cost of each route before deciding. See how much to borrow.

Check the bigger repayment fits

Use the calculator to see whether your cash covers the topped-up repayment with headroom.

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.