Both products are short-term business borrowing with the same transparent, capped pricing — but they are shaped for different needs. The right choice usually comes down to one question: do you have one known cost, or an ongoing need you will dip into more than once?
The quick comparison
| Consider… | One-off Business Loan |
|---|---|
| Best for | A single, known cost you will clear over a set term. |
| Shape | A fixed amount, drawn once, repaid on a schedule. |
| Interest | Charged on the balance for the agreed term. |
| When it ends | It closes when you have repaid it. |
Credicorp Flex, by contrast, is a revolving facility: a pre-agreed limit your company can draw against when it needs to and pay down as cash comes in. You are only charged for what you actually draw, and the limit stays available as you clear drawings. See how Credicorp Flex works.
If you can name the one thing you need the money for and when you will clear it, a Business Loan is simpler. If you expect to dip in and out — covering stock, a wages gap, an unexpected bill — Flex usually fits better because you only pay for what you use.
What they share
Both assess the company, not you personally; neither takes a personal guarantee; both show every figure before you commit; and both keep the 100% total-cost cap (on a per-drawing basis for Flex). For a specific one-off bill paid to a supplier, also consider Credicorp Slice.
Because this is lending to a company for business purposes, it sits outside FCA consumer-credit regulation under Article 60B FSMA RAO 2001 and is not covered by the Financial Ombudsman Service or the FSCS.
See also: Can my company use Flex and Slice together?, Can I leave my Flex facility open but unused?, Can I have several Flex drawings running at the same time?.