# A loan, or a facility? Before the amount or the rate, there is a more basic choice: do you want a fixed sum for one job, or a credit line you dip into as you go? Credicorp gives you both — the Business Bridging Loan and the revolving Flex facility — and on either one, **the company borrows, never you personally**. "Loan" and "facility" get used loosely, but in short-term business finance they mean two genuinely different things. One is a single sum with a beginning and an end. The other is a limit that stays open while you draw against it, pay it down and draw again. Picking the right shape matters more than shaving a little off the rate. Creditcorp is the growing name for the Credicorp group, and Credicorp Limited is the lender behind it. Two of its three products map onto this choice: the **Business Bridging Loan** is the fixed loan, and **Credicorp Flex** is the revolving facility. This page is a guide, not an application — when you are ready, applying happens on the lender's own site, [credicorp.co.uk](/). In both cases 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. Neither is a personal loan, a payday loan or sole-trader finance. ## What a loan is The Business Bridging Loan: one sum, one term, and then it is done. A loan is a single, fixed amount. You agree how much and over what term up front; the full sum lands in your business bank account in one go; and from that day you repay it in instalments across the term until the balance reaches zero. There is nothing to redraw — once it is repaid, it is finished. Interest accrues on the principal still outstanding, so as you pay it down, the daily cost comes down with it. Because it is one sum for one purpose, a loan suits a need you can put a figure on: a confirmed order's stock, a supplier deposit, a repair that cannot wait. You know the amount, you know roughly when the cash to repay it will arrive, and you want the certainty of a fixed end date. The full mechanics are in [how business bridging loans work](https://creditcorp.co.uk/learn/how-business-bridging-loans-work/). ## What a facility is Credicorp Flex: an agreed limit you draw, repay and draw again. A facility is not a lump sum — it is a credit limit that stays open. You are approved for a ceiling, then you draw what you need when you need it, repay it, and draw again, all within the same limit. The defining point is that you pay interest only on the balance you have actually drawn, not on the headroom sitting unused above it. Draw nothing in a quiet week and there is nothing to pay that week. That makes a facility suit a need that is ongoing and uneven rather than a single event — the everyday ebb and flow of a trading company, where small gaps open and close month to month and you would rather not apply afresh each time. The Flex cycle and how drawing works are set out in [what a revolving credit facility is](https://creditcorp.co.uk/learn/what-a-revolving-credit-facility-is/). ## The terms of each, in plain English The lender's published terms for both products. These are the lender's figures and can change, so always check the live product pages before you apply. ## Which shape fits your need Neither is better in the abstract. It comes down to whether the need is one defined event or an ongoing, uneven pattern. Many directors end up using both for different jobs — a Bridging Loan for a one-off project, a Flex facility kept open for the everyday wobble. If you would rather spread a single supplier bill into instalments instead, that is a third product, [Credicorp Slice](/credicorp-slice/). [Compare all three products →](/compare/) ## A worked example of the choice An illustration, not a real customer and not a quote — just to show how the same company might pick differently for two different needs. A small homewares company, trading as a UK limited company, lands a confirmed trade order. To fulfil it, the company must pay a supplier for stock now, and the buyer settles a few weeks later. The gap is clear, one-off and time-boxed: money out today, money in within the month. For that, a **Bridging Loan** is the natural fit — a single sum over a single fixed term, the supplier paid, and the loan cleared when the buyer pays, with nothing left open. Three months on, the same company keeps hitting smaller, less predictable gaps — a slow-paying customer one week, a top-up of packaging the next — none big enough to plan a loan around. Here a **Flex facility** fits better: the company draws a little when a gap opens, repays it when cash arrives, and pays interest only on what it has drawn. Same business, two different needs, two different shapes of money. Both are illustrations of the fit, not quotes — real amounts, pricing and terms are set by the lender at [credicorp.co.uk](/). ## One thing that is true of both Loan or facility, the borrower is the same: the company. Credicorp lends only to bodies corporate — UK limited companies and LLPs. Under Article 60B of the FSMA Regulated Activities Order 2001, lending to a body corporate is not a regulated consumer-credit agreement, so this is business credit rather than consumer credit, and it is not for sole traders or for borrowing in a personal name. The full position is set out on [lending and regulation](https://creditcorp.co.uk/lending-and-regulation/). ## Loan-or-facility questions The questions directors ask when weighing the two. For anything specific to your business, the lender's team are at credicorp.co.uk. ## Where to go next To go deeper on either side of the choice, the companion guides cover the detail: [how business bridging loans work](https://creditcorp.co.uk/learn/how-business-bridging-loans-work/) walks through the fixed loan, and [what a revolving credit facility is](https://creditcorp.co.uk/learn/what-a-revolving-credit-facility-is/) covers drawing and redrawing on Flex. To see the live cost of each before you decide, the [calculators](https://creditcorp.co.uk/tools/) let you model a [Bridging Loan](https://creditcorp.co.uk/tools/bridging-loan-cost/) or a [Flex facility](https://creditcorp.co.uk/tools/flex-facility-cost/) side by side. The full terms for all three products are on the [products page](https://creditcorp.co.uk/products/), sector notes are under [industries](https://creditcorp.co.uk/industries/), and the whole series sits on the [Learn hub](https://creditcorp.co.uk/learn/). The deeper group and legal story lives at [creditcorpgroup.co.uk](/). [See the loan and the facility at credicorp.co.uk →](/compare/) ## Ready when you are Whichever shape fits, applying, drawing down and managing your account all happen on the lender's site, credicorp.co.uk.