Business finance is not one-size-fits-all. The right product depends on whether you need a fixed sum for a specific purpose, ongoing access to a buffer, or a way to smooth out a large one-off cost. Here is how the three structures differ in practice.
Business Loan — fixed sum, fixed term
A Business Loan delivers a single lump sum to your company account, which you repay over an agreed short term in fixed instalments. The total cost is known from the outset. This suits purposes where you know exactly how much you need and when you will be able to repay — for example, purchasing equipment before a contract starts, or bridging a gap ahead of a known payment from a customer.
Credicorp Flex — revolving credit facility
A revolving credit facility gives your company a borrowing limit that you draw against, repay, and redraw as needed. You only pay for what you use and for the time you hold it. This suits businesses with irregular or seasonal cash flow where the need to borrow varies month to month. Rather than taking a single large loan and sitting on idle funds, you draw what you need when you need it and repay as cash comes in.
Credicorp Slice — bill spreading
Credicorp Slice is designed for a very specific situation: you have a single known bill that you would rather pay in instalments. Slice breaks that cost into three or four weekly payments and charges a flat 6% fee — no interest, no compounding, no variable rate. It is simple to compare against other options: if the cost of paying the bill early via a supplier discount exceeds 6%, Slice is likely the cheaper route.
We lend only to UK limited companies and LLPs, and the loan is to the company with no director personal guarantee. As business finance outside the consumer-credit regime, it is not covered by the Financial Ombudsman Service or FSCS.
See also: How business borrowing costs are priced, How business lending affordability is assessed.