Credicorp offers two products, Credicorp Flex and Credicorp Slice. Both are for UK limited companies and LLPs borrowing for business purposes. They are designed for different shapes of need, so the right choice depends on how you expect to use the money.
Credicorp Flex
Flex is built around flexibility. It suits businesses whose funding needs move around, where you may want to draw on funds, repay as income comes in, and adjust to an uneven trading pattern. If your cash flow is seasonal or hard to predict, the flexible shape can work in your favour when used with discipline.
Credicorp Slice
Slice is structured for a more defined need with a clearer repayment path. It suits a specific purpose funded over an agreed term, where predictability and a steady plan matter more than the ability to flex.
How to decide
- Is the need open-ended and variable? Flex leans that way.
- Is the need defined with a clear repayment horizon? Slice leans that way.
- Compare the cost and terms of each as they appear in your offer.
One important point
Whichever you choose, the facility is to the company, not to its directors, and we do not take personal guarantees from directors. As an exempt business lender, Credicorp sits outside the consumer-credit regime, so the Financial Ombudsman Service and FSCS do not apply.
See also: Fixed vs flexible repayments: which suits your cash flow?, Working capital vs growth finance: matching finance to purpose, Merchant cash advance vs term loan.