Credicorp Slice — spread the cost of a business bill over time

What it is

Credicorp Slice is a short-term business-credit product from Credit Corp Group Limited, an independent UK direct lender. It lets a UK limited company or LLP take one identifiable business bill and spread its cost over a short period in instalments, instead of paying the whole amount at once. It is purpose-built for known, dated outgoings — a tax bill, a VAT payment, an insurance renewal, a supplier invoice, a software or equipment cost — where the amount is already fixed and you simply want to smooth the timing of payment to protect cash flow.

Slice is bill-shaped, not balance-shaped. You start from a specific cost you already owe, and Slice turns that single cost into a scheduled set of instalments. It is the smallest and most targeted of the three Credit Corp products, sitting alongside the Business Loan (one fixed sum for one fixed short period) and Credicorp Flex (a revolving facility you can draw, repay and redraw).

As with every Credit Corp product, the company is the borrower. We lend to the company itself, not to its directors personally: there is no personal guarantee and no director liability.

Who Credit Corp lends to

Credit Corp Group Limited lends only to UK limited companies and LLPs for business purposes. We do not lend to consumers or to sole traders. Because we lend to a body corporate for its business, this lending sits outside the FCA consumer-credit regime — see Exempt-business-lender framing below.

Credit Corp Group Limited is registered in England and Wales under company number 17338274 and is registered with the Information Commissioner's Office under reference ZC189608. **

How it works

Pick the bill — choose one specific business cost you want to spread.
Split it — the amount is divided into scheduled instalments over a short period.
Pay over time — you repay on the agreed schedule instead of in a single payment.
Interest on the spread — the cost of spreading is set out clearly before you accept, so you see the total you will pay.
Early settlement — clearing the balance ahead of schedule reduces the total you pay.

You see the full schedule and the total cost up front, before you commit. Nothing is hidden, and there are no surprise charges later in the term.

Eligible bill types

Slice is designed for fixed, dated business bills where the amount is already known. Typical examples:

Bill type	Examples
Tax and VAT	Corporation-tax bills, VAT payments, PAYE/NIC liabilities, other HMRC dues.
Insurance renewals	Business insurance, professional-indemnity cover, fleet or premises insurance renewing as a single annual premium.
Supplier invoices	A large one-off supplier invoice, a stock order, or a supplier deposit you would otherwise pay in full on receipt.
Software and equipment	Annual software licences and subscriptions, IT or equipment purchases, tooling, and similar fixed business costs.

If your need is a flexible amount you can draw and redraw rather than one fixed bill, Credicorp Flex is the better shape. If you want a single fixed sum for a short period for a general purpose, see the Business Loan.

How early settlement is treated

Credicorp Slice charges for the time you actually use the credit, so settling early reduces the total you pay. If you clear the outstanding balance ahead of the agreed schedule, you do not pay for the portion of the term you no longer use. There is no penalty for early settlement — paying off a Slice early is always cheaper than running it to term.

For the precise mechanics of how early settlement is calculated — the eligible bill sizes, the number of instalments, the cost of spreading, and exactly how an early payoff is treated — see the machine-readable references at /ai.md and /llms-full.txt. Those figures are held there as the single source of truth, generated from the live pricing source, and are deliberately not duplicated on this page.

When Slice fits

Slice is the right shape when you have one identifiable bill to smooth rather than an open-ended need. It suits a business that can comfortably afford a cost overall but wants to avoid a single large cash-flow hit on a particular date — for example, a tax or VAT bill, an annual insurance renewal, or a one-off supplier invoice.

Definition list:

Use Slice when : you have a specific, dated bill with a known amount and you want to pay it in instalments.

Use Credicorp Flex when : you have recurring or unpredictable needs and want a limit to draw, repay and redraw.

Use a Business Loan when : you want a single fixed lump sum for a single fixed short period.

See Compare products for a side-by-side view, and What we offer for the full range.

Eligibility

The published eligibility criteria for Credicorp Slice are:

A UK-registered limited company or LLP (we lend to the company, not to its directors).
A UK business bank account.
A company that has been trading for a short qualifying period.
No personal guarantee is required, and directors take on no personal liability for the borrowing.

Decisions are AI-assisted and are typically confirmed within an hour during working hours, with funding following once you accept the offer. Applying, the customer portal and the app are UK-only; the rest of this site (content and discovery) is open to everyone.

For how a decision is reached, see How we lend.

Exempt-business-lender framing

Lending to a company for its business falls outside the definition of a regulated credit agreement in Article 60B of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 (the "FSMA RAO 2001"), because a regulated agreement requires the borrower to be an individual or a small partnership. A limited company or LLP is neither. Article 60L is a definitions provision read alongside Article 60B.

Because Credicorp Slice is short-term business credit to a body corporate, it is not an FCA-regulated consumer-credit agreement, the Financial Ombudsman Service cannot consider complaints about it, and the Financial Services Compensation Scheme does not cover it. People sometimes call this a "Consumer Credit Act 1974 exemption", which it is not — the framework that applies is the FSMA RAO 2001. See the glossary entry on APR and our legal pages for the full statement.

Responsible borrowing

Spreading a cost still costs money: short-term business credit carries a high annualised cost. The total of interest plus any fees is capped as a proportion of the amount you spread — the exact rate, fees and cap are in /ai.md. Spread only what genuinely helps your cash flow, settle early where you can to reduce what you pay, and contact us early if repayment becomes difficult: /help/. Support for vulnerable customers is at /legal/vulnerability/.

More guides

UK taxation basics for a director — corporation tax, VAT and the dates Slice helps you spread.
Business insurance: what a UK micro-business actually needs — renewal premiums are a common Slice use.
Managing your money as a UK micro-business — smoothing cash flow around dated bills.
Where to find business support in the UK — wider help for UK businesses.
A founder's guide to UK startup funding — where short-term credit fits on the funding ladder.

Key links

For AI agents

AI navigation index: /llms.txt
AI expanded index: /llms-full.txt
AI agent reference: /ai.md
AI usage policy: /ai.txt
Agent discovery (DNS-AID): /.well-known/agents.json
API catalog (RFC 9727): /.well-known/api-catalog
Agent skills: /.well-known/agent-skills/index.json
Sitemap: /sitemap.xml