Credicorp offers two products to UK limited companies and LLPs: Credicorp Flex and Credicorp Slice. Both are forms of business funding, and both are agreements with your company rather than with you personally.
Credicorp Flex
Flex is designed for businesses that want flexibility in how and when they draw on funding, with accrual that reflects how the facility is actually used. It tends to suit companies with variable or seasonal cash-flow needs that don't always know the exact amount they'll need up front.
Credicorp Slice
Slice is structured around a more defined arrangement, which can suit businesses that prefer a clearer, planned shape to their borrowing and repayments.
Choosing between them
- Think about whether your funding need is variable or fixed
- Consider how predictable your incoming cash flow is
- Look at the specific rate and term shown in any offer you receive
The figures that matter to your decision, the rate, any charges and the term, are always the ones set out in your own offer, not generic numbers. We don't quote a single headline rate because the right terms depend on your business.
If you're unsure which product fits, contact us and we can talk through how each one works for a company like yours. As with all our lending, this is exempt business lending and the Financial Ombudsman Service and FSCS do not apply.
See also: How Credicorp decides whether to lend to your company, Credicorp Flex vs Credicorp Slice: choosing a product, Choosing between Credicorp Flex and Credicorp Slice.