Credicorp Flex gives your company revolving access to funds, which is genuinely useful for smoothing the gaps in a trading cycle. The flexibility that makes it valuable can also make it easy to lean on permanently, so a little self-discipline keeps the facility working for you rather than the other way round.
Treat it as a buffer, not a baseline
The healthiest pattern with revolving borrowing is one where the balance rises and falls. If the balance only ever climbs, that is a signal worth examining, because it may mean the facility is filling a structural gap rather than a temporary one.
Practical habits
- Draw what the specific need requires, not the maximum available.
- Repay actively when cash comes in, rather than waiting for a due date.
- Review the balance against your trading cycle every so often.
Watch the trend, not just the day
A single month's balance tells you little. The shape over several months tells you whether the facility is doing its job. Your statements and customer portal give you the view you need.
Credicorp lends only to UK limited companies and LLPs for business purposes. Interest accrues as set out in your offer. Because we are an exempt business lender, the Financial Ombudsman Service and FSCS do not apply.
See also: Choosing between Credicorp Flex and Credicorp Slice, Common mistakes to avoid with business borrowing, What to do if your cash flow tightens during the term.