Most support tools assume a difficulty is temporary, with normal trading on the other side. But sometimes a company's situation has changed more fundamentally, through a lost major customer, a sector downturn, or a wind-down. Those situations need a different, honest conversation.
Be straight with us
If your company's difficulty looks structural rather than seasonal, say so directly. Pretending it is a short blip just delays the harder conversation and can make the eventual position worse. We would rather hear the real picture.
What we can look at
- A longer-term arrangement that reflects what the company can sustainably manage.
- How the balance is handled over an extended period.
- Signposting to independent advice on your company's wider options.
When to take formal advice
If the company itself may not survive, directors should get proper insolvency or restructuring advice. There are licensed professionals who advise on company difficulty, and taking that advice early protects both the business and the directors in carrying out their duties.
We still want to work with you
A long-term problem is not a reason to disengage from us. The opposite is true. Whether you hold Credicorp Flex or Credicorp Slice, an honest plan agreed with us is almost always better for the company than silence and escalation.
See also: What to do if your cash flow tightens during the term, Can I pause payments if my company hits a cash-flow gap? and How to budget loan repayments into your cash flow.