Credicorp offers two products, Credicorp Flex and Credicorp Slice. You are welcome to look at both, but in most cases it is best to apply for the single product that fits what your business is trying to do, rather than submitting two applications at once.
Why one application is usually better
Applying for both at the same time can be confusing to manage and does not increase your chances. A clear, single application with a well-defined purpose is easier for us to assess and for you to track. If you genuinely need a different product later, you can look at that as a separate step.
- Decide what the funds are actually for first.
- Choose the product that matches that purpose.
- Keep the purpose of the borrowing clear and specific.
If you're not sure which to choose
The product pages explain how Flex and Slice work so you can match them to your need. The rate and term for whichever you choose are shown in your offer if you are approved.
Good to know
Whichever product you use, the loan is to your company or LLP, with no personal guarantees from directors or members. This is exempt business lending and is not covered by the Financial Ombudsman Service or FSCS.
For choosing a product, see how to choose between Flex and Slice, Credicorp Flex and Credicorp Slice explained and how multiple applications affect each other.
See also: Can a newly formed company apply?, Can a charity or charitable company apply?, Can a CIC or community interest company apply?.