On a Credicorp Flex facility, your available headroom is the portion of your agreed limit that you have not currently drawn. It is the amount you could draw right now, and it is one of the most useful numbers to keep an eye on when planning cash flow.
Where to find it
Your dashboard shows your agreed limit, the amount currently drawn, and the headroom remaining. As you draw, headroom falls; as you repay capital, it can be restored, subject to the terms of your agreement.
- Agreed limit: the most you can have drawn at once
- Drawn amount: what is outstanding now
- Headroom: what remains available to draw
What can affect your headroom
Drawing reduces headroom and repaying capital can restore it. We may also review availability if your company's circumstances change materially, as set out in your agreement. Headroom is not guaranteed indefinitely, so it is worth confirming before relying on a future draw.
Slice works differently
If your company holds a Slice advance rather than Flex, there is no headroom to draw against; it is a fixed amount. For more funding on Slice you would request a top-up.
We lend only to UK limited companies and LLPs and take no personal guarantees from directors.
See also: How to read your Flex statement, How redrawing works on a Credicorp Flex facility, How repaying Flex frees up your limit again.