If your company needs more funding than its current facility provides, you may be able to request a top-up rather than starting an entirely separate arrangement. A top-up is additional borrowing added to your existing loan, and it is always subject to a fresh assessment.
Starting a request
You can ask about a top-up from your account dashboard or by contacting our team. We will ask how much further funding the business needs and what it is for, then review your account and current trading.
- The additional amount your company is seeking
- The business purpose for the extra funds
- Your repayment history on the existing facility
What we assess
A top-up is not automatic. We look at affordability afresh, your conduct on the current loan, and how the larger commitment fits your company's cash flow. Approval, the amount, the rate and any change to your term are all confirmed in a new or revised agreement.
Flex versus Slice
With Credicorp Flex you may have undrawn headroom you can simply draw rather than needing a top-up. With Slice, a fixed advance, additional funds mean a formal top-up request.
We lend only to UK limited companies and LLPs and take no personal guarantees from directors.
See also: Can I top up or extend my existing loan?, How drawdown works on your Credicorp loan, Will a top-up change my repayments or term?.