Credicorp offers three distinct products, and matching the product to the need is one of the most useful things you can do before applying. Choosing the wrong structure can mean higher cost than necessary or a facility that does not fit how you actually use it.
Business Loan — a fixed sum for a defined purpose
A Business Loan gives you a fixed amount upfront, repaid over a fixed short term in regular instalments. It is well suited to one-off capital needs where you know precisely what you are buying and when revenue will cover the repayments. Examples include purchasing equipment, paying a large supplier invoice, or funding a time-limited project. The total cost is predictable from day one.
Credicorp Flex — a revolving facility for ongoing needs
Credicorp Flex works like a credit line: you are approved up to a limit, draw what you need when you need it, repay, and draw again. Interest or fees apply only to the amount in use, not the full limit. This suits businesses with variable, recurring cash flow gaps — managing supplier payment cycles, covering payroll timing differences, or keeping a buffer available during growth. Having Flex in place before you need it means you can act immediately when a gap arises.
Credicorp Slice — spreading a single bill over weeks
Credicorp Slice is designed for one specific purpose: taking a bill you would otherwise pay in full and spreading it over three or four weekly instalments, with a flat 6% fee. It is straightforward and suited to a single, defined payment rather than ongoing borrowing. If you have a large invoice due that would strain your cash position, Slice lets you smooth it without taking on a longer-term facility.
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: Preparing a funding request for your business, When is the best time to apply for business finance.