Both Credicorp Flex and the Credicorp Business Loan provide access to business finance, but they suit different situations. The right choice depends on whether your funding need is a one-off, fixed amount or a recurring, variable requirement.
When a Business Loan fits better
A Business Loan delivers a fixed sum in a single payment and is repaid over a fixed short term. It suits companies that have a specific, known cost to meet — a piece of equipment, a project outlay, or a planned expansion — and want certainty about repayment amounts and end date. The cost of the loan is fixed from the start, making budgeting straightforward.
When Flex fits better
Credicorp Flex is designed for companies whose cash flow is variable or unpredictable — for example, businesses with long invoice payment cycles, seasonal stock purchases, or clients who pay in batches. Because you draw and repay as needed, you only pay interest on what you have out, and the facility remains available for future drawdowns without reapplying. It is also well-suited to companies that want a financial backstop for unexpected needs.
Can I hold both?
Holding a Flex facility alongside a Business Loan is possible — the products serve different roles. A company might take a Business Loan for a planned capital outlay and maintain a Flex facility for day-to-day working capital. Eligibility for each is assessed 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 Credicorp Flex work?, How is interest charged on Credicorp Flex?.