Credicorp Slice is built around a single, identifiable business bill. Provided the obligation belongs to your company and falls within our lending criteria, Slice can typically cover a wide range of routine and one-off business outgoings.
Common bill types we see
- Supplier or trade invoices due for immediate payment
- Corporation tax or VAT demands from HMRC
- Business insurance renewals — public liability, professional indemnity, fleet policies
- Annual software or SaaS licence renewals
- Professional services invoices — accountants, solicitors, consultants
- Equipment maintenance contracts or one-off repair bills
- Trade association fees and regulatory levies
What Slice is not for
Slice is designed to handle a defined bill, not to fund open-ended working capital or ongoing payroll. If you need a revolving pot of funds you can draw and repay repeatedly, Credicorp Flex may be a better fit. If you need a larger lump sum over a fixed term, a Credicorp Business Loan may suit you better. Slice is also available only for company obligations — personal expenditure or sole-trader costs are outside scope.
How we verify the bill
You will be asked to provide documentation for the bill — typically the invoice, tax notice, or renewal schedule. Credicorp settles the amount directly, so we need to confirm the payee and the sum before disbursing. This keeps the facility clean and ensures the 6% flat fee is calculated on the correct figure.
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 Slice work?, Slice vs a Business Loan — which should I choose?.