Credicorp offers two products to UK limited companies and LLPs: Credicorp Flex and Credicorp Slice. Both are forms of business borrowing, but they suit different patterns of need. Choosing well at the start saves you effort and cost over the life of the facility.
How they differ in shape
Think about whether your need is recurring or one-off. Flex is built around revolving access, so it tends to suit companies with fluctuating working-capital needs that rise and fall through a trading cycle. Slice is structured more like a defined facility for a known purpose. The exact mechanics, rate and term you are offered are always set out in your individual offer, not assumed here.
Questions to ask yourself
- Is this a single, sizeable purchase, or a series of smaller draws over time?
- Do you want the option to draw, repay and draw again, or a clear path to a zero balance?
- How predictable is the cash flow that will service it?
What stays the same
Whichever you choose, the borrowing is to your company, not to you personally, and we do not take personal guarantees from directors. Because we are an exempt business lender outside the FCA consumer-credit regime, the Financial Ombudsman Service and FSCS do not apply.
If you are unsure which product suits your situation, our team can talk it through before you commit. Read your offer carefully, as it is the document that governs your facility.
See also: Matching the borrowing to the need it funds, Credicorp Flex vs Credicorp Slice: choosing a product, Flex or Slice: which product should my company apply for?.