A Gloucester limited company or LLP can access revolving credit through Credicorp Flex, a facility with an approved limit you can draw on, repay, and redraw repeatedly without reapplying each time.
How Credicorp Flex works for Gloucester businesses
Once your company is approved, a credit limit is set. You draw what you need when you need it — whether that is covering a gap between invoice dates for a logistics firm near the docks, or bridging a materials purchase for a Gloucester construction company. As you repay, the limit becomes available again. Interest accrues only on what you have drawn.
Other business finance products available
- Business Loan — a single lump sum over a short fixed term, appropriate when you have a defined capital need such as refitting a retail unit in King's Walk.
- Credicorp Slice — splits one specific bill into three or four weekly payments at a flat 6% fee, with no rolling interest.
Does being based in Gloucester affect the application?
No. Credicorp lends to companies incorporated at Companies House wherever they operate in the UK. Gloucester's position within the Severn Vale means many businesses operate across the wider South West and West Midlands; the facility travels with the company, not the postcode.
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 Bath limited companies, Short-term business loans for Cheltenham companies, How Credicorp Slice spreads a bill weekly