Yes, you can request an increase to your Credicorp Flex limit at any point during the life of your facility. Credicorp will carry out a fresh review of your company's financial position before agreeing to any increase, and the outcome is not guaranteed.
What triggers a review
A limit increase request prompts Credicorp to look at your company's most recent turnover, trading history, current drawn balance and repayment behaviour on the existing facility. If your business has grown since the original facility was set up, a stronger financial profile may support a higher limit.
How to apply for an increase
Log in to your company account and navigate to your Flex facility settings. There you will find an option to request a limit review. You may be asked to provide updated accounts, bank statements or management information depending on how recently these were last supplied. Our team will aim to give you a decision promptly.
If an increase is not approved
A declined increase request does not affect your existing limit — your current facility continues unchanged. You can request a further review at a later date, particularly if your company's financial position has improved in the meantime. Credicorp will provide a reason for the decision where possible.
We lend only to UK limited companies and LLPs, and the loan is to the company with no director personal guarantee. As business finance outside the consumer-credit regime, it is not covered by the Financial Ombudsman Service or FSCS.
See also: How does Credicorp Flex work?, How do I close my Credicorp Flex facility?.