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Credicorp Slice vs invoice finance.
These two solve opposite problems. Slice spreads a bill you owe a supplier; invoice finance unlocks money your customers owe you. One is cash going out, the other is cash coming in. Credicorp offers Slice — not invoice finance. Here's how they compare, and when each fits.
It's easy to lump these together as "cash-flow finance", but they sit on opposite sides of your ledger. Slice is about a payable — a bill you owe. Invoice finance is about a receivable — money owed to you. Get the direction right and the choice is obvious.
Creditcorp is the growing name for the Credicorp group, and Credicorp Limited is the lender behind it. To be clear from the outset: Credicorp offers Credicorp Slice; it does not offer invoice finance. Invoice finance — advancing cash against your unpaid sales invoices — comes from banks and specialist providers. This page is a guide, not an application — when you're ready, applying for Slice happens on the lender's own site, credicorp.co.uk.
Throughout, the borrower is the company — a UK private limited company (Ltd), LLP or PLC — not the director who signs. No personal guarantee, no charge over a home, no personal credit check on a director. These are not personal loans, payday loans or sole-trader finance.
Side by side
The Credicorp figures are the lender's published terms and can change — check the live product page before you apply. Invoice-finance terms vary widely by provider, so treat that column as a general picture, not a quote.
| Credicorp Slice (Credicorp) | Invoice finance (a bank or specialist — not Credicorp) | |
|---|---|---|
| Direction of cash flow | Money you owe OUT — a supplier bill | Money owed IN — your customer invoices |
| What it does | Pays one supplier bill today; you repay over weeks | Advances cash against invoices you've raised but not been paid |
| Amount | £50 – £2,000 per bill | A facility against your sales ledger; often much larger |
| Pricing | A flat 6% fee of the bill, charged once — no daily interest | Provider fees plus a discount/interest charge on advances |
| Term | 3 or 4 instalments, over up to 8 weeks | An ongoing facility tied to your invoicing |
| Cost cap | 100% of the bill | No standard cap; set by the provider |
| Scope | One self-contained transaction | Usually a facility across your receivables |
| Best for | A single supplier bill at an awkward moment | Cash tied up in slow-paying customer invoices |
| Personal guarantee | None | Often required by the provider — check terms |
| Borrower | The company | The company |
Opposite ends of the ledger
The cleanest way to choose is to ask which side of your books the problem is on: a bill to pay, or a payment to wait for.
Slice — for a bill you owe
Slice deals with a payable. A supplier's invoice lands at an awkward moment — a stock order, a one-off piece of kit, a chunky bill you'd rather not pay in one hit. Slice pays the supplier in full today, so the relationship stays sweet, and your company repays Credicorp over three or four instalments across up to eight weeks for a flat 6% fee. It's one transaction, with the cost known up front and nothing tied to your wider sales ledger.
Invoice finance — for money owed to you
Invoice finance deals with a receivable. You've done the work and raised the invoice, but the customer's payment terms mean you're waiting weeks or months for the cash. Invoice finance advances a large share of that invoice straight away, with the balance (less fees) following when the customer pays. It's typically a facility against your whole sales ledger — a bigger, ongoing arrangement than settling a single bill — and it shines when the wait for customer payment is the core of your cash-flow problem.
Why the direction decides it
If the pinch is a bill you have to pay, no amount of borrowing against your customers' invoices makes that bill smaller — you want Slice. If the pinch is cash trapped in unpaid invoices, spreading a single supplier bill barely touches it — you want invoice finance. Naming the direction first saves a lot of wasted effort.
When each one wins
Neither is better in the abstract. It comes down to which side of your ledger the cash-flow gap is sitting on.
Invoice finance fits better when…
Your cash is tied up in unpaid customer invoices, you sell on credit terms regularly, and the wait between invoicing and being paid is the heart of the problem. A facility against your sales ledger releases that cash as you raise invoices.
→ Invoice finance (from a bank or specialist provider)Credicorp Slice fits better when…
The pinch is one specific supplier bill you'd rather spread — not a backlog of receivables. Slice pays it in full today and lets the company repay over a few weeks for a flat fee, with no personal guarantee and no facility against your ledger.
→ Credicorp SliceThe company borrows — not you
Both routes are lending to the business, but the small print can differ on whose name is behind it. Invoice-finance facilities frequently come with a director's personal guarantee. Credicorp Slice does not: the agreement is between Credicorp Limited and your company, so settling that supplier bill doesn't add to what's pinned to your own name.
- No personal guarantee — the company is the borrower, full stop.
- No charge over your home — your house isn't security for a supplier bill.
- No personal credit check on a director — the lender looks at the business, not your own file.
- Bodies corporate only — UK Ltd, LLP or PLC, never a sole trader or an individual.
This is exempt business lending under Article 60B of the FSMA Regulated Activities Order 2001, not consumer credit. The full regulatory position is set out on the group site, creditcorpgroup.co.uk.
A worked example
An illustration, not a real customer — just to show the shape of the choice.
A company gets a £1,500 bill from a supplier for a one-off batch of materials, due now. Separately, it's also waiting on several customer invoices that won't be paid for another month. Two different gaps, on two different sides of the books.
For the supplier bill, Credicorp Slice fits cleanly: the supplier is paid in full today, and the company repays the £1,500 over a few instalments across up to eight weeks for a flat 6% fee, with the cost fixed up front and no personal guarantee. The unpaid customer invoices are a different problem entirely — if releasing that trapped cash were the priority, invoice finance from a specialist provider would be the route, since Slice does nothing about money owed to you. The director uses Slice for the payable and looks elsewhere for the receivable.
Common questions
The questions directors ask when weighing the two. For anything specific to your business, the lender's team are at credicorp.co.uk.
Does Credicorp offer invoice finance?
No. Credicorp offers three products — a Business Bridging Loan, the revolving Credicorp Flex facility and Credicorp Slice — and invoice finance is none of them. Invoice finance lets you borrow against money your customers owe you; it comes from banks and specialist invoice-finance providers, not Credicorp. If your problem is slow-paying customers rather than a supplier bill, invoice finance is the right family of product to look at, and this page is meant to make that distinction clear.
What is the core difference between the two?
They point in opposite directions. Credicorp Slice is about money you owe OUT: it pays a supplier's bill in full today and lets your company repay over a few weeks. Invoice finance is about money owed IN: it advances you cash against invoices your customers haven't paid yet. Slice helps you settle a payable on your terms; invoice finance helps you unlock a receivable early. Which you need depends on whether the pinch is a bill to pay or a payment to wait for.
When is invoice finance the better choice?
When your cash is tied up in unpaid customer invoices and you sell on credit terms regularly. Invoice finance can release a large, ongoing slice of your receivables as you raise them, which suits a business whose whole working-capital problem is the wait between invoicing and being paid. It typically involves a facility against your sales ledger and the provider's fees and structure — a bigger arrangement than settling a single supplier bill. If the gap is your customers' payment terms, that is the tool.
When does Credicorp Slice fit better?
When the pinch is a specific supplier bill you'd rather spread, not a backlog of receivables. Slice pays one bill — £50 to £2,000 — in full today, so the supplier relationship stays sweet, and your company repays over three or four instalments across up to eight weeks for a flat 6% fee. It's a single, self-contained transaction with the cost fixed up front: no facility against your sales ledger, no ongoing arrangement. For a one-off payable at an awkward moment, it's the lighter-touch fit.
Can I use both?
In principle they solve different problems, so a business could use invoice finance for its receivables and reach for Slice when a particular supplier bill needs spreading. They aren't mutually exclusive. That said, Credicorp only offers Slice; any invoice-finance arrangement would be with a separate provider. Talk to the Credicorp team at credicorp.co.uk about Slice, and to an invoice-finance provider about the other side.
Is this consumer credit or a payday loan?
Neither. This is business credit to a body corporate, not consumer credit, and it is not for sole traders or anyone borrowing in their own name. Under Article 60B of the FSMA Regulated Activities Order 2001, lending to a UK company sits outside the consumer-credit regime. The full position is on the group site, creditcorpgroup.co.uk.
More general questions are answered on the FAQ, and the whole journey is on the how-it-works overview.
Other comparisons
If you're weighing a one-off sum or a revolving option instead, these may help.
- Business Bridging Loan vs a business overdraft — a fixed-term lump sum against an on-demand buffer.
- Credicorp Flex vs a business credit card — two revolving routes, side by side.
Or see all three Credicorp products on the products page, and compare them on credicorp.co.uk/compare.
Ready when you are
If Slice is the right fit, applying and managing your account happen on the lender's site, credicorp.co.uk.