Business circumstances change, and the repayment arrangement that suited your company at the start may not fit later on. Depending on your facility and situation, it may be possible to restructure how your company repays a Credicorp Flex or Credicorp Slice facility.
What restructuring can mean
- Spreading the remaining balance differently over time.
- Adjusting the payment date or frequency to match cash flow.
- A revised arrangement where the company is facing difficulty.
The right approach depends on whether you are managing a planned change or responding to genuine financial pressure.
How to raise it
Contact your account team and explain what has changed and what you are trying to achieve. We will look at what is possible for your facility and set out clearly how any change affects your schedule, the remaining term and the overall cost before anything is agreed.
Planned change versus difficulty
If your company is in genuine difficulty, a restructure may form part of forbearance support. If it is simply a preference, we treat it as a standard request. Either way, telling us early gives us more room to help.
Credicorp lends only to UK limited companies and LLPs for business purposes. As an exempt business lender we sit outside the FCA consumer-credit regime, so the Financial Ombudsman Service and FSCS do not apply.
See also: Can my company request a payment holiday?, Does a payment holiday increase the total cost?, What forbearance support is available if my business is struggling?.