Credicorp Flex is our revolving credit facility for UK limited companies. It works like a business overdraft, but with explicit terms and a per-drawing cost cap.
How Flex works
- You agree a credit limit with us (typically £50-£500 to start, rising to £1,000 as you build a repayment history with us).
- You draw any amount up to your remaining limit, any time, from the portal.
- Interest accrues daily on the drawn balance only — the unused portion of your limit costs you nothing.
- You pay back at the agreed minimum each month, plus any extra you choose.
- Once a drawing is fully repaid, that part of the limit is free to draw again.
- The total cost of any single drawing is capped at 100% of the drawn amount.
Who it is designed for
It is designed for companies whose cashflow is unpredictable — seasonal, project-driven, or with periodic supplier-deposit cycles. For a side-by-side comparison, see Flex vs a one-off Business Loan. To draw from your facility, see how to draw down from Flex. To understand how term-end works, see what happens at the end of a Flex term.
See also: Can my company use Flex and Slice together?, Can I leave my Flex facility open but unused?, Can I have several Flex drawings running at the same time?.