Credicorp Slice

VAT quarters and corporation tax assessments are predictable in timing but can still create a significant lump-sum pressure on your company's cash flow. Credicorp Slice is well suited to exactly this kind of obligation — a fixed, documented demand you need to settle by a defined date.

How it works for a tax bill

You provide the HMRC notice or VAT return showing the amount due and the payment deadline. Credicorp settles the payment to HMRC on your company's behalf before the due date, so you avoid late-payment surcharges. You then repay Credicorp in three or four weekly instalments, plus the flat 6% fee on the tax amount. Your tax account with HMRC is cleared on time; your cash flow is spread over the following weeks.

Planning around quarterly VAT cycles

If your company is on quarterly VAT returns, you know broadly when each bill will fall. Applying for a Slice a few days before the payment deadline — with the return already filed — gives Credicorp the documentation it needs to move quickly. The cleaner and more complete the paperwork you supply, the faster the facility can be put in place.

Corporation tax and other HMRC charges

Corporation tax is payable nine months and one day after the end of your accounting period for most smaller companies. A Slice can bridge the gap if your company's trading has been strong but cash has been reinvested. Other HMRC charges — such as PAYE settlement agreements or employer NICs demands — may also qualify, depending on the nature and size of the obligation.

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: What kinds of bills can Credicorp Slice cover?, How does Credicorp Slice work?.

Open this answer →

Cash flow shifts, and a date that worked when you applied might land awkwardly later. The most important thing is to tell us before an instalment is due rather than letting it fail.

What you can ask about

• Moving an upcoming collection date so it falls after a payment you are expecting
• Aligning instalments more closely with how your customers pay you
• Talking through options if you can see a date becoming difficult

How to do it

Get in touch through your account or contact our team in good time before the next collection. We can look at what is possible for your specific schedule. The earlier you raise it, the more room there is to help.

Why timing your message matters

Once a Direct Debit is in motion close to the collection date, options narrow. Reaching out early means we can adjust things cleanly rather than dealing with a missed instalment after the fact, which can carry a charge as set out in your agreement.

We will always be straight with you about what can and cannot be changed for your particular Slice.

See also: Can I change my repayment date?, Slice glossary: Direct Debit, What if the supplier invoice changes after I take a Slice?.

Open this answer →

You can pay off a Credicorp Slice early at any point before the final instalment date, and there is no early-repayment charge. Because the fee is flat and fixed at the start, your total repayment does not increase if you hold the facility to term, and it does not decrease if you clear early — you simply stop the instalment schedule and settle the outstanding balance in one payment.

How to request an early settlement

Contact Credicorp through your account portal or by getting in touch with your account manager. We will confirm the remaining balance — which is the instalments still to fall due — and arrange to collect that amount, or provide payment details for a single BACS transfer. Once received, the Slice is marked as closed and no further collections are made.

Why early repayment makes sense

If an unexpected payment comes in from a customer, clearing your Slice early frees up cash-flow headroom and removes a scheduled outgoing from your diary. Because there is no cost penalty for doing so, it is a sensible option whenever liquidity allows. It also means you can apply for a fresh Slice — or a different Credicorp facility — against a clean slate if another bill needs spreading.

What early repayment does not do

Settling early does not entitle you to a refund or reduction of the 6% flat fee already charged. The fee is the cost of the facility being put in place, not a time-based charge. If you want a structure where costs reduce with faster repayment, a Credicorp Business Loan with its own terms may be worth considering instead.

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: What is the weekly instalment schedule for a Slice?, Can my company use Credicorp Slice more than once?.

Open this answer →

Yes — you can repay Credicorp Slice early at any time, with no penalty and no fee.

When you settle before the final instalment, the unused part of the Slice fee is refunded. The refund is calculated from the settlement date, so the sooner you settle, the more you get back.

To settle early, sign in to the customer portal, open your Slice agreement, and choose "Settle in full now". The portal shows the exact amount needed on the date you pick.

See also: How much does Credicorp Slice cost?, Can I use Slice more than once?, Slice glossary: instalment.

Open this answer →

Slice is built around single bills, but that does not mean you can only ever use it once. Many companies come back to Slice whenever a suitable one-off bill arrives.

Each Slice stands alone

• Every Slice is a separate agreement for a specific bill
• Each application is assessed on its own when you make it
• The schedule and total cost are set fresh for each one

Things to keep in mind

Because each Slice is its own obligation, running several at once means several sets of instalments. Keep an eye on the combined effect on your cash flow so the dates do not stack up against you. Our account view helps you see what is outstanding.

When repeated use points elsewhere

If you find yourself reaching for Slice again and again, an ongoing facility like Flex might serve you better than a string of one-offs. Flex lets you draw, repay and redraw as needed. If that sounds closer to your pattern, our team can talk it through.

Whether you use Slice once or many times, it remains business credit for limited companies and LLPs only.

See also: Can I repay Credicorp Slice early?, Who can apply for Credicorp Slice?, What if the supplier invoice changes after I take a Slice?.

Open this answer →

There is no rule limiting your company to a single Slice. Because each Slice is a discrete facility linked to one specific bill, you can apply for a new one whenever a separate qualifying obligation arises — either after the first is fully repaid or, in some cases, while an existing one is still running.

Each Slice is independent

A Slice for your VAT bill and a Slice for a supplier invoice are assessed and managed separately. Each has its own instalment schedule, its own 6% flat fee calculated on its own bill amount, and its own repayment timeline. You are not building up a consolidated balance the way you would with a revolving credit facility — each Slice stands alone.

Running two Slices simultaneously

It is possible to hold more than one Slice at the same time, subject to approval. Credicorp will consider your company's total current obligations — including any live Slice instalments — when assessing a new application. If your weekly outgoings are already stretched, we may ask you to clear an existing Slice before opening a new one. Applying as early as possible before a bill falls due gives us more flexibility.

When Flex might suit you better

If you find yourself using Slice repeatedly for recurring cash-flow gaps rather than for specific one-off bills, a Credicorp Flex revolving credit facility may be a more efficient fit. Flex gives you a standing limit you can draw and repay on demand, without needing to apply bill by bill. That said, Slice remains useful whenever you have a defined invoice or demand that simply needs spreading over a few weeks.

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: Can I pay a Credicorp Slice off early?, Slice vs Credicorp Flex — which works better for repeat cash-flow gaps?.

Open this answer →

Credicorp Slice is credit to your limited company or LLP, not to you as an individual. We do not take personal guarantees from directors for Slice. The agreement stands with the business itself.

What this means in practice

• The obligation to repay sits with the company, not personally with a director
• You are not signing your own assets, such as your home, against the credit
• Decisions about the company can be made without a personal liability hanging over a single director

What directors still need to do

A director or authorised officer applies on the company's behalf and confirms the details are accurate. That is a normal part of acting for the company — it is not a personal guarantee of the debt.

Why we structure it this way

Lending to the company on its own footing keeps the relationship business-to-business and matches how we operate as an exempt business lender. It is one of the things that distinguishes Slice from much consumer borrowing.

As with all our products, Slice sits outside the consumer-credit regime, so the Financial Ombudsman Service and FSCS do not apply. We make that clear before you commit.

See also: No personal guarantee: what it means for directors, Do you take a personal guarantee from directors?, Why don't you take a personal guarantee from directors?.

Open this answer →

A Slice schedule is a fixed plan, not a running balance that grows. When you accept your offer, the total you will repay is already settled: the amount we advanced to pay your supplier, plus the cost of credit set out in your agreement. That total is divided into a set number of instalments with a fixed date and amount for each one. Nothing is added later for simply having the credit, so the figure you sign up to is the figure you finish on.

What the planned cost means

The planned cost is the agreed total across the whole schedule, worked out up front rather than accruing day by day. Because it is fixed, the schedule does not get more expensive if the credit runs its full term — it is the same total whether you reach the last instalment exactly on plan or a little ahead. You can see every date and amount before you commit, which is covered in how Slice pricing is shown before you commit.

How each payment is allocated

When an instalment is collected by Direct Debit, it is applied to your Slice agreement in a set order:

1. First to any charge already due on the account, such as a missed-instalment charge from a previous collection that failed
2. Then to the cost-of-credit portion built into that instalment
3. Then to the advanced principal — the part of the bill we paid your supplier

This order is why keeping each collection funded matters. If a payment fails and a charge is raised, the next collection clears that charge before it reduces principal, which is set out in what happens if a Slice instalment is missed.

What an overpayment does

If you pay more than an instalment asks for, the extra comes off your outstanding balance rather than sitting as credit on the account. Because Slice has a fixed planned cost, reducing the balance early can reduce the unused portion of the cost of credit — you are not charged for time you no longer use. An overpayment does not, by itself, cancel future Direct Debit collections; if you want to change the shape of the plan, speak to us first. Adjusting individual dates is covered in changing your Slice instalment dates.

Settling the whole agreement early

You can clear the full balance at any point. When you settle early, the schedule stops and the unused part of the cost of credit is removed from the figure, so you pay less than the planned total — explained in can I repay Credicorp Slice early. The portal shows the exact settlement amount for the date you choose, so there is no guesswork.

A fixed plan, start to finish

The point of structuring Slice this way is predictability. A limited company or LLP taking Slice knows the number of instalments, the date and size of each, the allocation order, and exactly what early action does to the balance — all before accepting. Slice is business lending from Credicorp as an FCA-exempt business lender, not consumer credit, so the protections of the Financial Ombudsman Service and FSCS do not apply; the safeguard here is that the plan is fixed and visible rather than open-ended. If anything about your schedule is unclear, our team can walk through it before you commit.

See also: Can I use Slice more than once?, Does Slice require a personal guarantee?, How many instalments does Slice spread a bill over?.

Open this answer →

Applying for Slice is built to be quick, because the whole point is to pay a bill without it becoming a project. You apply against a specific business bill rather than for an open-ended amount.

The basic steps

• Tell us about the bill or invoice you want to split, including who the supplier is
• Confirm your company details so we can check you are an eligible limited company or LLP
• Share your business bank details for the Direct Debit
• Review the schedule and total cost shown in your offer
• Accept if it works for you

What happens after you accept

Once approved, we pay the supplier in full, usually by bank transfer, so the bill on their side is settled. Your repayment schedule then begins on the dates set out in your offer.

Before you commit

Everything you need to make the decision is shown up front — the number of instalments, the dates, and the total cost of the credit. Take the time to read it. Because Slice is business credit outside the consumer-credit regime, it is not covered by the Financial Ombudsman Service or FSCS, and we set that out plainly so your decision is fully informed.

See also: What information do I need to apply for Slice?, Slice vs a business credit card and Affordability before you apply: weighing it up yourself.

Open this answer →

Slice turns a single business bill into a short series of instalments. Rather than paying the whole amount on one date, your company repays Credicorp in steps over a few weeks, while your supplier is paid in full straight away.

The schedule is fixed up front

Before you accept, your offer sets out how many instalments you will pay, the date each one falls due, and the amount of each one. There are no surprises later — the schedule you see is the schedule you sign.

How collection happens

• Each instalment is taken by Direct Debit from your business bank account
• Collection dates are chosen to suit your cash flow where possible
• You can see the full schedule any time in your account

What the instalments cover

Each instalment includes a portion of the amount we advanced plus the cost of the credit as set out in your offer. The total cost is shown before you commit, so you always know what you are agreeing to repay overall.

Keeping the agreed dates funded is the single most important thing — it keeps your record clean and avoids any missed-instalment charge described in your agreement. For a fuller overview of how the product spreads a single supplier bill, see Credicorp Slice.

See also: How many instalments does Slice spread a bill over?, Building a thirteen-week cashflow forecast and Can my company make a partial payment if it cannot pay in full?.

Open this answer →

Credicorp Slice lets your limited company spread the cost of one specific bill across three or four weekly instalments. Instead of paying a large invoice or supplier demand in one go, you pay a flat 6% fee and clear the balance in manageable weekly chunks.

The basic mechanics

You present the bill — an invoice, a tax demand, a renewal premium, or a similar business obligation. Credicorp settles it on your behalf on the due date. You then repay Credicorp in three or four equal weekly instalments, with the total cost being the original bill amount plus the flat 6% fee. There is no daily interest, no compounding, and no early-repayment penalty if you clear the balance ahead of schedule.

What the flat fee covers

The 6% fee is the only charge. It is calculated once on the full bill amount and does not change regardless of which instalment schedule you choose. If, for example, your bill is £5,000, the fee is £300, making the total amount repaid £5,300 spread over the agreed weekly payments. These are illustrative figures — your actual quote will reflect your company's circumstances.

Who can use Slice

Slice is available to UK limited companies and LLPs. You apply per bill, and each Slice is a standalone facility tied to that specific obligation. You can make more than one Slice application if you have separate bills to manage.

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: What bills can Credicorp Slice cover?, How is the flat 6% fee calculated on a Slice?.

Open this answer →

One of the main reasons businesses choose Slice is that the supplier gets paid in full, on time, while you spread the cost. From the supplier's point of view, the bill is simply settled.

What happens on approval

• We pay the agreed bill amount to the supplier, normally by bank transfer
• Your account with that supplier is brought up to date
• You then repay Credicorp on the instalment schedule in your offer

Does the supplier need to be involved?

Generally the supplier does not need to do anything special — they receive a payment as they normally would. You stay in control of your supplier relationship; we are simply the company that funds the bill and that you repay.

Keeping records straight

Because the supplier is paid in full, your purchase ledger reflects a settled invoice, and your finance records show a separate, clearly defined obligation to Credicorp. Many businesses find this cleaner than part-paying a supplier over time.

If a supplier ever queries whether they have been paid, your account with us shows the payment details, so the position is easy to confirm.

See also: What if my company can only pay part of this month's amount?, What is Credicorp Slice? and Can my company make a partial payment if it cannot pay in full?.

Open this answer →

Credicorp Slice lets your company spread an eligible business bill into smaller scheduled payments. A reasonable thing to want to know first is what it costs and when you will see that. The answer: the full cost and the schedule are shown to you before you commit to anything, with the same transparent, capped pricing we apply across our lending.

You see the cost before you commit

Before you agree a Slice plan, you are shown the amount being spread, the payment schedule, and the total cost — in full, up front. Nothing is hidden until later and there is no obligation to proceed: if the cost does not suit you, you do not take the plan. This is the same principle as the rest of our products — every figure on the table before you sign.

Transparent, capped pricing

Slice carries clear, capped pricing rather than open-ended charges. As with our other lending, the cost is shown plainly and there are no penalty-style surprises layered on afterwards. The point of the product is to make a lumpy bill manageable on terms you can see, not to make it more expensive than you expected.

Which bills qualify

Slice is for one-off business bills payable to a UK supplier or HMRC — a supplier invoice, a VAT or PAYE bill, a utility or insurance renewal, an unexpected business repair. The supplier must have UK bank details so we can pay them directly, and Slice is not available for personal spending. See what bills you can use Slice for.

Settling early

If you clear a Slice plan before the final instalment, the unused part of the Slice fee is refunded, calculated from the settlement date — so the sooner you settle, the more you get back. See can I repay Slice early.

Where to see your own figures

The exact cost of a Slice plan depends on the bill and the schedule, so rather than quote a number here, your real figures are shown in the flow before you confirm and in your customer portal afterwards. For a general sense of how Slice is costed, see how much Credicorp Slice costs, and to understand the product overall, what Credicorp Slice is.

See also: Can I use Slice more than once?, Can I change my Slice instalment dates?, Does Slice require a personal guarantee?.

Open this answer →

Credicorp Slice charges a single flat fee of 6% on the face value of the bill being spread. This fee is fixed at the point of approval and does not increase over the repayment period, regardless of which instalment schedule you select.

How the maths works

The fee is straightforward: multiply the bill amount by 0.06 to find the charge, then add that to the original bill to get your total repayment. Divide the total by the number of instalments — three or four — and that is your weekly payment. To use illustrative numbers: a £10,000 bill carries a £600 fee, giving a total of £10,600. Over four weekly instalments that is £2,650 per week. These are example figures only; your actual terms depend on your company's profile and the specific bill.

Why a flat fee rather than interest

Unlike a loan with daily or monthly interest, Slice does not accrue charges over time. The cost is locked in when you accept the facility. This means you know from day one exactly how much you will repay in total, making it easy to budget. There is also no penalty for paying early — you will not be charged more simply because you clear the balance in advance.

No hidden extras

The 6% fee is the full cost of the facility. There are no arrangement fees, no administration charges added to individual instalments, and no late-payment rate that ratchets up if you miss a payment date. If your payment does fall late, the applicable terms are set out in your agreement, but the structure is deliberately transparent.

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 Slice work?, What is the weekly instalment schedule for a Slice?.

Open this answer →

Slice is designed to be short-term, so a bill is spread over a small number of instalments rather than a long arrangement. It bridges a timing gap; it is not a long-running facility.

How the number is decided

• The bill itself and what you are funding
• Your company's circumstances at the time you apply
• The schedule we can offer that keeps repayments manageable

Whatever the number, it is shown clearly in your offer before you accept, along with each date and the total cost of the credit.

Why short matters

Keeping Slice short means the cost of credit stays contained and the obligation has a clear end. You handle the bill and clear it within a defined window, which is easier to plan around than open-ended borrowing.

If you want a different shape

If a one-off instalment plan does not match how your business needs credit, our Flex facility may suit you better. Our team can talk through which structure fits before you commit to anything.

See also: How do Slice instalments actually work?, Should I choose Flex or Slice? and How do I apply for Credicorp Slice?.

Open this answer →

Slice charges one flat fee on the bill amount. The fee is shown to you before you sign — no surprises, no hidden costs. If you pay all your instalments on time, the total you repay is the bill amount plus the fee, and nothing else.

The only other charge that can apply is a late-payment fee if an instalment is missed. The amount is shown in your agreement, and the total cost of credit is capped, so you can never pay more than the cap however late a payment is.

There is no charge to repay early — if you want to settle before the final instalment, the unused part of the fee is refunded.

See also: How do Slice instalments actually work?, Slice glossary: cost of credit and Slice vs a business credit card.

Open this answer →

Seasonal companies live with a familiar problem: costs land on one timetable and revenue on another. A large bill in a quiet month can squeeze cash that you know will be there once trade picks up. Slice is built for exactly that kind of timing gap.

Where it fits a seasonal pattern

• Stocking up before a busy period when income has not yet arrived
• An annual cost that lands during your quiet months
• Equipment or a one-off purchase needed to be ready for peak demand

Plan against your season

The strength of Slice for a seasonal business is that you can line the instalments up with when money actually comes in. Map your collection dates to the start of your busy period rather than to your quietest weeks, so the repayments arrive when your account can carry them.

Be honest about the curve

Slice works when the revenue is genuinely coming, just later. If a season underperforms, the instalments still fall due, so build in a margin and contact us early if a date looks tight. Slice is for limited companies and LLPs, and as business credit it sits outside the consumer-credit regime, with no Financial Ombudsman Service or FSCS cover.

See also: What bills can I use Slice for?, Which suppliers and bills qualify for Slice, Slice glossary: instalment.

Open this answer →

We believe in being upfront about this. Credicorp Slice is credit provided to limited companies and LLPs strictly for business purposes, which places it outside the FCA consumer-credit regime.

What that means

• The Financial Ombudsman Service does not cover Slice agreements
• The Financial Services Compensation Scheme (FSCS) does not apply
• The consumer-credit protections designed for individuals do not attach to this business borrowing

What you do have

You have a clear agreement that sets out the schedule, the total cost of credit and your obligations before you commit. You have a defined complaints process with us directly, and a team you can reach if something is not right. We hold ourselves to responsible lending standards because it is the right way to run a business lender, not only because a regulator requires it.

Why we say this clearly

A business choosing credit deserves to know exactly where it stands. Knowing that the consumer safety nets do not apply should sharpen the care you take in reading your offer — which is exactly what we want. If anything is unclear, ask before you accept.

See also: Why doesn't the Financial Ombudsman Service apply to my complaint?, What protections apply when a loan is outside the FCA regime?, Does Slice require a personal guarantee?.

Open this answer →

Once a Slice is live, your online account is where you keep track of it. Everything about the agreement is visible, so you are never guessing what is due or when.

What you can see

• The full instalment schedule for each Slice
• Which instalments have been collected and which are still to come
• The amount remaining and your next collection date
• Your agreement documents and payment confirmations

What you can do

From your account you can review the cost of credit you agreed, check that your business bank details are current, and reach our team if you need to discuss a date or settle early. Keeping your contact and bank details up to date is the simplest way to keep collections running smoothly.

Staying ahead

Checking your upcoming dates against your expected income is a quick habit that prevents most problems. If a date is going to be tight, raise it with us early through the account rather than waiting for a collection to fail.

If you hold more than one Slice, the account view lets you see the combined picture so the dates do not catch you out.

See also: Which suppliers and bills qualify for Slice, What is Credicorp Slice?, How does Slice pay my supplier?.

Open this answer →

Slice exists to smooth timing, so it pays to plan the instalments around your actual cash flow rather than hoping the dates fall conveniently. A little forethought turns Slice from a relief into a genuine tool.

Map dates to income

• Line up collection dates with when customers reliably pay you
• Keep instalments clear of payroll, rent and tax deadlines
• Leave a small buffer so one slow-paying customer does not derail a collection

Think about the whole picture

If you hold other commitments, including another Slice or a Flex facility, look at the combined demand on your account across the next few weeks. The total cost of each Slice is in your offer, so you can factor it into your forecast accurately.

Build in a margin of safety

Forecasts are estimates. Funding the next instalment slightly ahead of the date, where you can, removes the stress of a tight collection. If a date starts to look difficult, contact us before it falls due — early conversations almost always go better than missed instalments, which can carry a charge under your agreement.

Used with a clear plan, Slice helps your cash flow rather than competing with it.

See also: Can I change my Slice instalment dates?, What is Credicorp Slice?, Using Slice well for business cash flow.

Open this answer →

Cost of credit — the amount your company pays for the convenience of spreading a bill, on top of the amount Credicorp advances to your supplier. It is the price of the Slice itself.

Where you see it

The cost of credit for your Slice is set out in your offer before you accept. You see the total you will repay and how it breaks down across your instalments, so there is nothing hidden and nothing to work out afterwards.

Key points

• It is shown up front, in your specific offer, not as a general figure we quote
• It is built into your instalments rather than charged separately
• Settling a Slice early may reduce what you pay overall — check your offer or ask our team

Making it worthwhile

The cost of credit is the trade for better timing and a supplier paid in full today. It is worth weighing that cost against the value of keeping your cash where it needs to be. If you could comfortably pay the bill outright, doing so avoids the cost entirely.

Related terms

The cost of credit is spread across your instalments and forms part of the total in your repayment schedule.

See also: Slice glossary: instalment, How do Slice instalments actually work? and How much does Credicorp Slice cost?.

Open this answer →

Direct Debit — an instruction your company gives so that Credicorp can collect each Slice instalment automatically from your business bank account on the agreed dates.

Why Slice uses it

Direct Debit means you do not have to remember to make each payment manually. Once the schedule is set, instalments are collected on the dates in your offer, which keeps your repayments on track with minimal effort.

Key points

• The Direct Debit is set up against your UK business bank account
• Collections happen only on the dates and amounts in your agreed schedule
• Keeping the account funded ahead of each date avoids a failed collection

If a date will be tight

If you know a collection date is going to be difficult, contact us before it falls due. It is far better to arrange something in advance than to let a Direct Debit fail, which can trigger a missed-instalment charge as described in your agreement.

Related terms

Each Direct Debit collects one instalment from your overall repayment schedule for that Slice.

See also: How long does a payment take to clear?, Can I change my Slice instalment dates? and What information do I need to apply for Slice?.

Open this answer →

Instalment — one of the scheduled payments your company makes to repay a Slice. Instead of paying a bill in one go, you repay Credicorp through a short series of instalments collected by Direct Debit.

What an instalment contains

Each instalment includes a portion of the amount we advanced to pay your supplier, together with a share of the cost of the credit as set out in your offer. The make-up of each instalment is fixed when you accept.

Key points

• The number of instalments and the date of each one is shown before you commit
• Instalments are collected by Direct Debit from your business bank account
• Meeting each instalment on its due date keeps your record clean and avoids a missed-instalment charge

Related terms

An instalment is part of your overall repayment schedule — the full list of dates and amounts for a Slice. The cost of credit is what you pay for spreading the bill, shown in your offer rather than as a figure we quote in general guidance.

See also: Slice glossary: cost of credit, Should I choose Flex or Slice? and Slice vs a business credit card.

Open this answer →

Credicorp offers two business products, and they solve different problems. Knowing which one fits saves you time and gives you a cleaner repayment pattern.

Choose Slice when

• You have one specific bill or invoice to pay now
• You want it paid in full today and repaid in a short set of instalments
• You prefer a clear start and end date with no ongoing facility

Choose Flex when

• You expect to need credit more than once
• You want to draw, repay and redraw as cash flow moves
• An ongoing revolving line suits your trading pattern better than a one-off

Can you use both?

Many companies do. A Flex facility can sit in the background for general working capital while Slice handles a specific large supplier bill you would rather ring-fence and clear on its own schedule.

Both are business credit for limited companies and LLPs only, both sit outside the consumer-credit regime, and the cost of each is always shown in your offer before you commit. If you are unsure, our team can talk through which structure matches what you are trying to do.

See also: What is Credicorp Slice?, Should I choose Flex or Slice?, How do Slice instalments actually work?.

Open this answer →

Both can help you cover a business cost you cannot pay in full today, but they work very differently. The simplest way to see it: a credit card is an open-ended line you keep using, while Slice is a one-off arrangement for a single bill that finishes when you have paid it.

The key differences

When a card might suit better

If you want flexible, repeated spending across many suppliers, a credit card or a revolving facility like Credicorp Flex is the better shape. Slice is purpose-built for the specific case of one business bill you would rather spread than pay all at once.

For what Slice costs, see how much Slice costs. Because this is lending to a company for business purposes, it sits outside FCA consumer-credit regulation under Article 60B FSMA RAO 2001 and is not covered by the Financial Ombudsman Service or the FSCS.

See also: Can I repay Credicorp Slice early?, Can I use Slice more than once?, Can I change my Slice instalment dates?.

Open this answer →

Both Slice and a Credicorp Business Loan are ways to manage a business financial obligation, but they are designed for different situations. Choosing the right one depends on the size of the amount, the nature of the need, and how you want to structure repayment.

When Slice is the right tool

Slice works best when you have a single, identified bill that you need to pay now but want to recover against incoming cash flow over the next three or four weeks. The bill exists, the amount is fixed, and you simply need breathing room. The cost is a flat 6% on that bill — known from the outset, with no interest accumulation. It is fast to set up and closes cleanly once the instalments are done.

When a Business Loan fits better

A Credicorp Business Loan delivers a fixed sum to your company account for a defined short term. It suits larger funding needs — investing in stock, bridging a gap on a contract, covering a set of costs that do not map neatly to a single invoice. Repayment is over a fixed term with agreed instalments, and the total cost of credit is set out in your loan agreement. If the amount you need is substantially larger than a typical single bill, or the purpose is broader than one payable, a Business Loan is usually the more appropriate product.

The quick decision guide

• One specific bill to pay: Slice
• Larger or multi-purpose funding need: Business Loan
• Need to draw and repay repeatedly: Credicorp Flex
• Recurring cash-flow management: consider Flex

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 Slice work?, Slice vs Credicorp Flex — which works better for repeat cash-flow gaps?.

Open this answer →

Credicorp Slice and Credicorp Flex both help you manage short-term funding needs, but they operate differently. Understanding the distinction helps you avoid applying for the wrong product and paying more than necessary.

How Slice works for specific bills

Each Slice is a one-time facility against a single, named bill. You apply, we settle the bill, you repay over three or four weeks plus the flat 6% fee. Once cleared, the Slice is done. If the next bill arrives, you apply again. This is efficient when bills are infrequent or when their amounts vary significantly — you pay only when you need the facility.

How Flex works for ongoing liquidity

Credicorp Flex is a revolving credit facility with an approved limit. You draw what you need, repay it, and the limit replenishes for you to draw again — without reapplying each time. This suits companies that regularly experience timing gaps between outgoings and customer receipts, or that want a standing buffer available on demand. The cost structure for Flex differs from Slice; your Flex agreement will set out how charges apply to what you draw and for how long.

Which is more cost-effective?

If you use Slice three or four times a year for ad-hoc bills, the 6% per Slice is a predictable, contained cost. If you are effectively running multiple Slices back to back month after month because cash flow is consistently tight, the cumulative fees may exceed the cost of maintaining a Flex facility at a modest drawdown. It is worth modelling both scenarios against your typical monthly borrowing pattern before deciding.

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: Can my company use Credicorp Slice more than once?, Slice vs a Credicorp Business Loan — which should I choose?.

Open this answer →

Slice is, at heart, a timing tool. It does not make a bill cheaper — it changes when you pay it, keeping your supplier paid in full today while you spread the cost across three or four instalments. Used thoughtfully, that can take the sting out of an awkwardly-timed cost without leaving anything behind.

When it helps most

• A bill lands just before money is due in, and paying it in full would empty your buffer.
• You want to keep a good supplier relationship by paying them promptly, not late.
• The cost is real and necessary, and spreading it over a few weeks fits comfortably with your incoming cash.

Using it responsibly

Late payments are a well-known drag on UK small businesses, and a short, transparent slice is one way to keep cash moving without paying a supplier late. If money is genuinely tight, please see what to do if you are struggling to pay. Because this is lending to a company for business purposes, it sits outside FCA consumer-credit regulation under Article 60B FSMA RAO 2001 and is not covered by the Financial Ombudsman Service or the FSCS.

See also: Can I use Slice more than once?, Can I change my Slice instalment dates?, Does Slice require a personal guarantee?.

Open this answer →

Slice is designed for one-off business expenses payable to a UK supplier or HMRC. Examples include:

• a supplier invoice where the supplier needs paying before your customer pays you;
• a quarterly VAT or PAYE bill you would rather spread over the following weeks;
• an unexpected business repair — a van, a fridge, essential equipment;
• a utility or insurance renewal due in a single payment.

The supplier must have UK bank details so we can pay them directly. We will not use Slice to pay something that looks personal.

See also: How seasonal businesses can use Slice, Slice vs a business credit card and Using Slice well for business cash flow.

Open this answer →

Slice splits one bill into three or four instalments, and life means an instalment can sometimes land at an awkward moment. If that is coming, the single most useful thing you can do is tell us before it is due — it almost always leads to a better outcome than a payment simply failing.

If an instalment is missed

• A missed instalment may add a single late-payment fee, set out in your Slice agreement.
• There is no penalty interest rate and nothing compounds — the cost does not start spiralling.
• The total cost of credit stays capped at 100% of the bill, however late a payment is.
• We would far rather agree a short arrangement than escalate.

If money is tight more widely

Sometimes a missed instalment is a sign of a broader cash-flow squeeze. If so, see what to do if you are struggling to pay, and remember free, independent help is available from Business Debtline on 0800 197 6026.

For how the cost is built and capped, see how much Slice costs. Because this is lending to a company for business purposes, it sits outside FCA consumer-credit regulation under Article 60B FSMA RAO 2001 and is not covered by the Financial Ombudsman Service or the FSCS.

See also: Can I repay Credicorp Slice early?, Can I use Slice more than once?, Can I change my Slice instalment dates?.

Open this answer →

Occasionally a bill changes after the fact — the supplier issues a credit note, the amount is corrected, or there is a dispute about what was delivered. Because Slice has already paid the supplier in full, it helps to understand how the two sides interact.

Your Slice and your supplier are separate

• We advanced the bill amount to the supplier and you repay us on the agreed schedule
• Any change to the underlying invoice is, in the first instance, a matter between your company and the supplier
• A credit note or refund from the supplier comes back to your company, not automatically to your Slice

What to do

If the bill changes materially, raise it with the supplier to sort out any credit or refund, and contact us so we can talk through what it means for your Slice. The sooner you tell us, the more cleanly we can handle anything that needs adjusting on our side.

Keep paying meanwhile

Unless we agree otherwise with you, keep meeting your instalments while a supplier matter is being resolved. Stopping a Direct Debit without arranging it first can trigger a missed-instalment charge under your agreement, even if your dispute is genuine.

See also: Using Slice well for business cash flow, How does Slice pay my supplier?, What bills can I use Slice for?.

Open this answer →

A Slice application moves fastest when you have the basics to hand. Nothing here is unusual for a business — it is the information that lets us confirm eligibility and set up the payment.

Have ready

• Details of the bill or invoice you want to split, including the supplier and the amount
• Your company or LLP registration details
• The name and details of the director or authorised officer applying
• Your UK business bank account details for the Direct Debit

Why we ask

We confirm you are an eligible limited company or LLP and that the borrowing is for a genuine business purpose. The bank details let us set up the instalment Direct Debit, and the bill details let us pay your supplier accurately.

Before you accept

Once we have what we need, you will see an offer with the instalment schedule and the total cost of the credit. Read it carefully — Slice is business credit outside the consumer-credit regime, with no Financial Ombudsman Service or FSCS cover, so the decision sits squarely with you and your company.

See also: What information should I have ready before I start?, What information do I need to apply for Flex? and How do I apply for Credicorp Slice?.

Open this answer →

Credicorp Slice is short-term unsecured business credit that splits a one-off business bill into three or four manageable instalments.

When you are approved, we pay your supplier in full by bank transfer — your relationship with the supplier stays clean, no late fees, no chasing. You then repay us across the next three to eight weeks by Direct Debit, on dates you choose.

Slice is for limited companies and LLPs. It is not available to sole traders or individuals. See full product details and pricing on the Credicorp Slice product page, or apply now to get started.

See also: Slice vs a business credit card, Which suppliers and bills qualify for Slice and Slice or Flex — which Credicorp product fits?.

Open this answer →

When you take out a Credicorp Slice, you repay the total amount — the original bill plus the flat 6% fee — in either three or four equal weekly instalments. Payments are taken on the same weekday each week from the date the facility is agreed.

Choosing 3 versus 4 weeks

A three-week schedule means slightly larger individual payments but you clear the obligation faster. A four-week schedule lowers each weekly amount, which can help if your company receives funds on a monthly cycle. The total cost is the same either way — the flat fee does not change based on the number of weeks you select. Choose based on your expected incoming cash flow rather than trying to minimise the fee.

When payments are collected

Collections are typically made by direct debit from your company's nominated business bank account. The first instalment is usually collected approximately one week after the facility is activated — that is, after Credicorp has settled the underlying bill. Subsequent instalments follow on the same weekday at weekly intervals until the balance is cleared.

Missing or rescheduling a payment

If you anticipate difficulty meeting a scheduled payment, contact us before the due date. We cannot guarantee rescheduling in every case, but early communication gives us the best opportunity to discuss options with you. The terms of your specific Slice agreement set out what happens if a collection fails, so it is worth reading these at the outset.

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 is the flat 6% fee calculated on a Slice?, Can I pay a Credicorp Slice off early?.

Open this answer →

Credicorp Slice is built around a single, identifiable business bill. Provided the obligation belongs to your company and falls within our lending criteria, Slice can typically cover a wide range of routine and one-off business outgoings.

Common bill types we see

• Supplier or trade invoices due for immediate payment
• Corporation tax or VAT demands from HMRC
• Business insurance renewals — public liability, professional indemnity, fleet policies
• Annual software or SaaS licence renewals
• Professional services invoices — accountants, solicitors, consultants
• Equipment maintenance contracts or one-off repair bills
• Trade association fees and regulatory levies

What Slice is not for

Slice is designed to handle a defined bill, not to fund open-ended working capital or ongoing payroll. If you need a revolving pot of funds you can draw and repay repeatedly, Credicorp Flex may be a better fit. If you need a larger lump sum over a fixed term, a Credicorp Business Loan may suit you better. Slice is also available only for company obligations — personal expenditure or sole-trader costs are outside scope.

How we verify the bill

You will be asked to provide documentation for the bill — typically the invoice, tax notice, or renewal schedule. Credicorp settles the amount directly, so we need to confirm the payee and the sum before disbursing. This keeps the facility clean and ensures the 6% flat fee is calculated on the correct figure.

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 Slice work?, Slice vs a Business Loan — which should I choose?.

Open this answer →

Slice is at its best when timing, not affordability, is the problem. The cost is coming whether you like it or not — what you need is to spread it so it lines up with money you know is on the way.

Common moments Slice helps

• A large supplier invoice arrives before the customer who triggered it has paid you
• An annual cost lands in one lump when your income is monthly
• You want to take an early-settlement discount from a supplier but need to spread your side
• A one-off purchase would otherwise drain the buffer you keep for payroll or tax

Why a one-off structure helps

Because Slice has a clear start and end, it does not leave an open facility tempting you to keep drawing. You handle the bill, you clear it, and it is done. That makes it easy to map against a specific incoming payment.

When to pause

If you would struggle to fund the instalments even when your expected revenue arrives, splitting the bill only moves the pressure. Slice should ease a timing gap, not paper over a shortfall. If money is genuinely tight, talk to us early rather than committing.

See also: Credicorp Flex or Slice for a cashflow need?, Slice or Flex — which Credicorp product fits? and Bridging loan, term loan, or credit facility: what's the difference?.

Open this answer →

We would rather you used Slice when it genuinely helps than took it because it was easy. Responsible lending means being honest about when it does not fit.

Reconsider if

• You need repeated, ongoing access to credit — a revolving facility like Flex may suit you better than a series of one-off Slices
• The instalments would clash with payroll, rent or a tax deadline you already know is coming
• You are splitting a bill because the cash is not there at all, rather than because timing is off
• The underlying cost is something your business should not be taking on right now

Borrowing is not free

Every Slice carries a cost of credit, shown in your offer. If you can comfortably pay the bill outright without straining your buffer, doing so avoids that cost entirely.

If you are unsure

Talk to us before you commit. We can look at whether Slice, Flex or simply waiting is the better call. Because this is business credit outside the consumer-credit regime, there is no Financial Ombudsman Service to fall back on, so making the right choice up front matters.

See also: Does Slice require a personal guarantee?, When does Slice suit a business best?, Who can apply for Credicorp Slice?.

Open this answer →

Slice is built around a specific idea: you have a genuine one-off business bill you would rather spread, and we pay that bill in full today so the supplier is not kept waiting. That shapes which bills fit and which do not.

The kinds of bill that fit well

• A supplier invoice — stock, materials, equipment, professional services.
• A tax bill — for example a quarterly VAT payment.
• A utility or service renewal — a one-off renewal or annual charge.
• A one-off repair or replacement — an unexpected cost that has to be paid now.

What makes a bill eligible

The same eligibility rules apply as for our other products: a UK limited company or LLP, trading at least six months, with a UK business bank account. For the cost, see how much Slice costs; for cash-flow planning, see using Slice well for cash flow. Because this is lending to a company for business purposes, it sits outside FCA consumer-credit regulation under Article 60B FSMA RAO 2001 and is not covered by the Financial Ombudsman Service or the FSCS.

See also: Can I repay Credicorp Slice early?, Can I use Slice more than once?, Can I change my Slice instalment dates?.

Open this answer →

Credicorp Slice is business credit, so the borrower is always a UK-registered limited company or limited liability partnership (LLP). The application is made in the company's name and the credit is to the company, not to any individual behind it.

What we look for

• An active company or LLP registered at Companies House
• A genuine business purpose for the bill you want to split
• A UK business bank account in the company's name for the Direct Debit
• A director or authorised officer who can apply on the company's behalf

Who cannot use Slice

Slice is not available to sole traders, ordinary (non-limited) partnerships, charities that are not incorporated, or private individuals. If your business is not a limited company or LLP, we are not able to lend to you, because we lend strictly for business purposes outside the consumer-credit regime.

Why the structure matters

Because Slice sits outside FCA consumer-credit rules, it is not covered by the Financial Ombudsman Service or the Financial Services Compensation Scheme. We explain this clearly so you know exactly what you are agreeing to before you commit.

We do not take personal guarantees from directors for Slice. The agreement stands with the company itself.

See also: What information do I need to apply for Slice?, Is Slice covered by the Ombudsman or FSCS?, Which business types can apply to Credicorp?.

Open this answer →

Any credit your company takes on is a commitment, and Slice is no different. Understanding how it fits with the rest of your obligations helps you use it sensibly.

It is a company obligation

• The agreement is with your limited company or LLP, not with you personally
• We do not take a director's personal guarantee for Slice
• The instalments are a real commitment your business must fund on the agreed dates

How it sits in your records

Because we pay the supplier in full, your purchase ledger shows that bill as settled, while your obligation to Credicorp appears separately and clearly. Many businesses find this cleaner than carrying part-paid supplier balances.

Keeping a good record

The most important thing is meeting the instalment dates. A clean repayment history with us reflects well on how your company manages credit and keeps future conversations straightforward.

One thing to remember

Slice is business credit outside the consumer-credit regime, so it does not carry the Financial Ombudsman Service or FSCS protections that apply to personal borrowing. Factor that into how seriously you treat the commitment — which, as a business, you should.

See also: Does Slice require a personal guarantee?, Who can apply for Credicorp Slice?, Can I repay Credicorp Slice early?.

Open this answer →