Yes. Credicorp Flex is a revolving credit facility available to UK limited companies and LLPs, including those based in or trading from Solihull. Once the facility is set up, the company can draw funds up to its agreed limit, repay them, and draw again — without submitting a fresh application each time.
Why revolving credit suits Solihull businesses
Solihull's economy includes a significant concentration of professional services, automotive supply-chain businesses, financial and consultancy firms, and high-value retail. Many of these operate with lumpy cash flow — large receipts followed by gaps before the next invoice settles. A revolving facility means cash is there when a gap opens, and the cost of having it available is only incurred when the company actually draws.
How Credicorp Flex works in practice
- The company is approved for a credit limit.
- It draws what it needs — the full limit or a partial amount.
- As repayments are made, available headroom is restored.
- There is no need to reapply for each draw.
This differs from a Business Loan, which delivers a fixed sum for a fixed term with no ability to redraw once repaid.
Is a personal guarantee required?
No. Credicorp lends to the company, not to individual directors. Solihull business owners retain a clean separation between the company's borrowing and their personal financial position.
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: Business finance for Birmingham limited companies, Business loans for West Bromwich limited companies, How does Credicorp Flex revolving credit work?