Credicorp Slice is business credit, so the borrower is always a UK-registered limited company or limited liability partnership (LLP). The application is made in the company's name and the credit is to the company, not to any individual behind it.
What we look for
- An active company or LLP registered at Companies House
- A genuine business purpose for the bill you want to split
- A UK business bank account in the company's name for the Direct Debit
- A director or authorised officer who can apply on the company's behalf
Who cannot use Slice
Slice is not available to sole traders, ordinary (non-limited) partnerships, charities that are not incorporated, or private individuals. If your business is not a limited company or LLP, we are not able to lend to you, because we lend strictly for business purposes outside the consumer-credit regime.
Why the structure matters
Because Slice sits outside FCA consumer-credit rules, it is not covered by the Financial Ombudsman Service or the Financial Services Compensation Scheme. We explain this clearly so you know exactly what you are agreeing to before you commit.
We do not take personal guarantees from directors for Slice. The agreement stands with the company itself.
See also: What information do I need to apply for Slice?, Is Slice covered by the Ombudsman or FSCS?, Which business types can apply to Credicorp?.