Understanding the full cost of a facility before and during its life is one of the most empowering things a finance team can do. You do not need anything beyond your own offer and a little care to build an accurate picture.
Start with your offer
Your offer sets out the rate shown for your facility, your agreed term, how interest accrues for your product, and any fees. Those are the inputs. Rather than relying on rough memory, work from the actual figures in your own document, because they govern your facility.
Build the picture
- Note how interest accrues for your product, since Flex and Slice can differ.
- Lay the repayment schedule against your expected cash flow.
- Include any fees at the points your offer says they apply.
- Consider how drawdowns and early repayments would change the total.
Use it as a live tool
A forecast is most useful when you revisit it. If you draw more, repay early, or your circumstances change, update the picture so it stays true. Our worked-example and early-repayment guides explain the mechanics behind the numbers.
Credicorp lends only to UK limited companies and LLPs for business purposes. We will never quote you a figure here that should come from your own agreement. As an exempt business lender, we are outside the FCA consumer-credit regime, so the Financial Ombudsman Service and FSCS do not apply.
See also: How to compare the total cost of credit (the honest way), Daily interest vs APR: which is the honest comparison?, Keeping your company details current with us during the term.