Credicorp Flex is a business borrowing facility. We lend only to UK-incorporated limited companies and limited liability partnerships (LLPs), and only where the borrowing is for genuine business purposes. The agreement is with the company, not with you personally.
The basic requirements
- You must be a UK limited company or LLP registered at Companies House.
- The funds must be used for the business, not for personal or household spending.
- Someone with authority to bind the company must apply on its behalf, such as a director or designated member.
- We assess the company's circumstances when deciding whether to offer a facility and on what terms.
Who we cannot lend to
We do not lend to individuals, consumers, or sole traders. Because Flex is business lending to incorporated entities, it sits outside the FCA consumer-credit regime. That means there is no Financial Ombudsman Service route and no Financial Services Compensation Scheme cover attached to it.
What about directors
We do not take personal guarantees from directors for Flex. The facility is granted to the company on the basis of the company's position. If you are unsure whether your business qualifies, you can apply and we will tell you, or contact our support team before you start.
See also: What information do I need to apply for Flex?, Credicorp Flex vs Credicorp Slice: how to choose, Who can hold a Credicorp account?.