Fleximize and Credicorp are both direct, unsecured business lenders in the UK. Here is a neutral comparison to help you assess the main differences.
Details about other lenders are based on publicly available information and may change. Always verify current terms directly with any lender before applying.
Business model
Both are direct balance-sheet lenders — they use their own capital rather than matching borrowers with investors. Decisions are internal and each lender controls its own pricing.
Products
Credicorp: term loans, Flex (revolving credit facility), and Slice (bill-spreading for large invoices or bills). All products are unsecured, no personal guarantee.
Fleximize: term loans and revolving credit facilities. Products may include flexible repayment features such as repayment holidays. Fleximize may require a personal guarantee depending on loan size and borrower profile.
Eligibility
Both lenders focus on UK limited companies with a trading history. Credicorp's minimum requirements typically include 12 months of trading and an active business bank account. Fleximize typically requires 12 months of trading and a minimum monthly revenue. Sole traders cannot apply to Credicorp; check Fleximize's current eligibility criteria directly.
Speed
Both position themselves as faster than high street banks. Credicorp typically provides a decision within one business day; funds are usually available within 1–2 business days of signing. Fleximize targets a similar timeline for straightforward applications.
Repayment flexibility
Fleximize has historically offered features such as repayment holidays and top-ups without refinancing. Credicorp's Flex facility provides revolving credit that can be drawn, repaid, and redrawn, offering flexibility in a different structure.
Personal guarantee
Credicorp does not take personal guarantees from directors. This is a firm policy — see why Credicorp does not take personal guarantees. Fleximize's personal guarantee requirements depend on the product and loan size — check their current terms.
Which to consider
If avoiding a personal guarantee is a priority, Credicorp's policy is clear. If you value repayment flexibility features like payment holidays, or if your profile falls outside Credicorp's eligibility, Fleximize may be worth exploring.
See also: Do you take a personal guarantee from directors?, Comparing iwoca, Cubefunder, Capify and Credicorp, Credicorp vs bank business loan.