Credicorp offers two products to limited companies and LLPs: Credicorp Flex and Credicorp Slice. They are built for different needs, so the assessment looks at your application with each product's shape in mind.
Why the product matters
Each product repays in a different way, so affordability is judged against that pattern. A business whose cash flow suits one product may be a better fit for the other, and the assessment can reflect that in what it offers.
What this means in practice
- You may be offered one product even if you applied for the other, where it fits better
- The amount that is sustainable can differ between the two
- The terms shown reflect the product as well as your trading
Choosing well
If you are unsure which product suits your needs, our support team can talk you through how each one works before you apply. The right fit makes for a smoother assessment and a more comfortable repayment.
Credicorp is an exempt business lender. The Financial Ombudsman Service and FSCS do not apply.
See also: Why our decision can differ from your bank's, Why your offer amount can change, Why was my company offered less than it asked for?.