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Bridge, Flex or Slice:
which one fits?
Credicorp has three products — a lump-sum bridge, a revolving credit facility and invoice-backed advance funding. They solve different problems and have different cost structures. This guide compares them so you can choose the right one for your company’s situation. In all three cases, the company borrows, never you personally.
The three products at a glance
| Business Bridging Loan | Credicorp Flex | Credicorp Slice | |
|---|---|---|---|
| Structure | Single lump-sum drawdown, repaid in full at term | Revolving limit: draw, repay, draw again | Advance against a specific confirmed invoice |
| Best for | A one-off, specific capital need | Recurring or uncertain working capital needs | Bridging the gap to a large confirmed payment |
| Cost structure | 0.25%/day on outstanding balance + £5 establishment fee | 0.25%/day on drawn balance (no draw = no cost) | Flat fee on invoice amount (fixed at outset) |
| Repayment | Full repayment at term; early repayment reduces cost | Flexible; repay any amount, limit replenishes | From the invoice payment when received |
| Personal guarantee? | No | No | No |
| 100% cost cap? | Yes | Yes | Yes |
| Max term | 84 days | Ongoing revolving facility | Invoice payment terms |
When to use each product
Business Bridging Loan
Use when the company has a specific, known lump-sum need with a clear repayment trigger. Examples: buying stock before a peak season and selling it to repay; covering a supplier deposit ahead of a confirmed order; paying an urgent invoice while a customer payment clears.
The Bridging Loan is the simplest structure — borrow, repay, done. Every day of early repayment saves one day’s interest.
Credicorp Flex
Use when the company needs recurring access to working capital — not a single draw, but the ability to draw against a limit, repay, and draw again. Useful for businesses with variable cash flow timing, seasonal patterns, or ongoing supply-chain commitments.
Interest only accrues on the drawn balance. An undrawn Flex limit costs nothing.
Credicorp Slice
Use when the company has a specific large invoice with a confirmed payment date and needs the cash now rather than waiting for the invoice to be paid. Slice advances against that specific receivable. The cost is a flat fee charged on the invoice amount at the outset — it does not increase over time, which makes Slice predictable for longer invoice payment terms.
For more on how Slice compares to invoice finance and factoring, see the Slice product page at credicorp.co.uk.
Decision guide: five questions
-
Is this a one-off lump sum or recurring access?
One-off lump sum → Bridging Loan
Recurring or uncertain access → Flex -
Is the need tied to a specific confirmed invoice?
Yes, specific invoice → Slice
No, general working capital → Bridge or Flex -
How long will the facility be needed?
Short, defined term (under 84 days) → Bridging Loan
Ongoing, variable term → Flex
Until invoice payment clears → Slice -
Does cost predictability matter more than time-based savings?
Fixed cost regardless of time → Slice (flat fee)
Cost reduces with early repayment → Bridging Loan or Flex -
What is the repayment source?
A specific incoming payment (order, sale, invoice) → Bridging Loan or Slice
Ongoing trading cash flow → Flex
Uncertain — revisit whether short-term borrowing is right: is short-term borrowing right for you?
Product comparison questions
What is the main difference between the Bridging Loan and Flex?
The Bridging Loan is a single lump-sum drawdown with a fixed term. You borrow a set amount, repay it in full at the end, and the facility closes. Flex is revolving: you have a set credit limit, you can draw against it, repay it (partly or fully), and draw again — the available balance replenishes as you repay. Use the Bridging Loan for a one-off lump-sum need; use Flex when you need recurring or uncertain access to working capital.
When does Slice make sense instead of Bridge or Flex?
Slice is backed by a specific confirmed invoice or receivable — it is advance funding against money already owed to the company. If the company has a large confirmed invoice outstanding and needs cash before the customer pays, Slice is structured around that specific receivable. Bridge and Flex are general working capital products not tied to a specific invoice.
How does the cost structure differ across the three products?
The Bridging Loan charges 0.25% per day on the outstanding balance plus a £5 establishment fee. Flex charges 0.25% per day on the drawn balance — if no balance is drawn, no interest accrues. Credicorp Slice charges a flat fee on the invoice amount — a fixed percentage charged once, regardless of how long the advance runs. Bridging and Flex costs are time-based; Slice cost is fixed at the outset.
Can a company hold Bridge and Flex at the same time?
This depends on the assessment and Credicorp's current eligibility criteria. Both facilities appear in the credit assessment. An existing Flex balance would be visible as a commitment when a Bridging Loan application is assessed. The practical answer is to check with Credicorp directly at the time of application.
Which product is subject to the 100% cost cap?
The 100% cost cap applies across all three Credicorp products — total charges can never exceed 100% of the principal drawn (or invoice amount for Slice). This cap is absolute and applies regardless of product type.
Related guides
How business bridging loans work — the full mechanics of the Bridge product. What a revolving credit facility is — Flex explained. A loan or a facility — the structural difference. How to choose the right business finance — broader choice framework beyond Credicorp products. The 100% cost cap — the ceiling that applies to all three products.
Ready to apply?
Apply for the product that fits your company’s specific need at the lender’s own site.