Both products provide fast access to business capital, but they are structured differently. Understanding the distinction helps you choose the one that fits your company's cash-flow pattern and purpose.
When a business loan makes sense
Choose a business loan when you have a specific, known cost to fund — a piece of equipment, a large stock order, a refurbishment project — and you want the certainty of a fixed repayment schedule from day one. You know exactly what you will pay each period and when the facility will be closed.
- One-off capital expenditure with a clear cost
- Bridging a defined gap until another event occurs (a client payment, a property completion)
- Situations where a predictable, identical instalment suits your budgeting
When Credicorp Flex makes sense
Flex is a revolving credit facility: you draw what you need, repay it, and draw again — all against an agreed limit. The facility stays open and available, so you are not reapplying each time a need arises. It suits companies whose funding requirements fluctuate throughout the year.
- Managing working capital across busy and quiet periods
- Funding a rolling pipeline of smaller costs rather than one large one
- Businesses that want standby availability without committing to a fixed term
Can I have both?
Yes — some companies hold a Credicorp Flex facility for day-to-day working capital and take a discrete business loan when a specific large cost arises. Each is assessed and agreed separately.
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: How does the Credicorp business loan work?, Is my company eligible for a Credicorp business loan?.