It comes down to whether the need is a one-off or a recurring one. A single, specific cost points to a one-off Business Loan; an ebb-and-flow need that keeps recurring points to Credicorp Flex, a reusable limit you draw against and pay down repeatedly.
A quick test
- One clear cost, once. A supplier bill, a repair, a stock purchase — a one-off Business Loan fits. Small amount, short term.
- The same kind of gap, repeatedly. Cash flow that tightens and eases month to month — Flex fits, so you are not reapplying each time.
With Flex you are charged only for what you actually draw and hold, not the unused headroom. The full comparison is in how much your business can borrow, and for how long and the corpus note on Flex versus a one-off loan.
Choosing at application
If you are still weighing it, how to choose between Flex and Slice when applying covers the product choice, and you may apply for more than one product. Model both at Credicorp Tools, and read the product detail on our main site under Business Loans.
Pick the shape that matches your need and apply.
We lend only to UK limited companies and LLPs, the loan is to the company with no director personal guarantee, and this is business finance outside the consumer-credit regime — as an exempt lender under Article 60B of the Regulated Activities Order we sit outside FCA consumer-credit regulation, so the Financial Ombudsman Service and FSCS do not apply.
See also: How to choose between Flex and Slice when applying?, How much your business can borrow, and for how long?, Can i apply for flex and slice at the same time.