Any credit your company takes on is a commitment, and Slice is no different. Understanding how it fits with the rest of your obligations helps you use it sensibly.
It is a company obligation
- The agreement is with your limited company or LLP, not with you personally
- We do not take a director's personal guarantee for Slice
- The instalments are a real commitment your business must fund on the agreed dates
How it sits in your records
Because we pay the supplier in full, your purchase ledger shows that bill as settled, while your obligation to Credicorp appears separately and clearly. Many businesses find this cleaner than carrying part-paid supplier balances.
Keeping a good record
The most important thing is meeting the instalment dates. A clean repayment history with us reflects well on how your company manages credit and keeps future conversations straightforward.
One thing to remember
Slice is business credit outside the consumer-credit regime, so it does not carry the Financial Ombudsman Service or FSCS protections that apply to personal borrowing. Factor that into how seriously you treat the commitment — which, as a business, you should.
See also: Does Slice require a personal guarantee?, Who can apply for Credicorp Slice?, Can I repay Credicorp Slice early?.