™
How to choose the right
business finance.
Three products, one decision. This guide explains the shape of each Credicorp short-term option and gives you a practical framework for matching the right one to your company's need. And throughout, the company borrows, never you personally.
Credicorp offers three forms of short-term company credit. They are not interchangeable — each is designed for a different shape of need. Choosing the wrong one costs more or creates friction; choosing the right one makes the borrowing efficient.
Creditcorp is the brand front door for the Credicorp group, and Credicorp Limited is the operating lender. This guide explains what each product is and when it fits — applying, the assessment and the outcome happen at credicorp.co.uk.
The borrower is the company — a UK private limited company (Ltd), LLP or PLC — not the director. No personal guarantee, no charge over a home, no personal credit check on a director.
The three products at a glance
Different shapes of need call for different tools. Here is what each one is.
Business Bridging Loan
A fixed-sum advance, paid into the company bank account, repaid over a fixed term of 14 to 84 days. Interest accrues daily on the outstanding balance at 0.25% per day. One-time £5 establishment fee. Total cost capped at 100% of the principal.
Suits: a one-off cost with a known repayment event — a confirmed order's stock, a supplier deposit, an urgent repair, a seasonal stock-up.
Credicorp Flex
A revolving credit facility with a limit you draw, repay and redraw as needed. Interest accrues daily on the drawn balance only — idle headroom costs nothing. Minimum repayment every 14 days. Total cost capped at 100% of the principal.
Suits: a recurring working-capital gap — short every month because customer payment terms run beyond supplier payment terms.
Credicorp Slice
A single large supplier invoice split into a series of smaller instalments. Flat fee of 6% on the invoice amount — no daily interest. Designed for one specific bill, not a general working-capital gap.
Suits: a company that needs to pay a supplier now and spread the cost over a short term, without drawing on a general credit line.
Five steps to choose the right product
Work through these in order. The answer usually becomes clear by step two or three.
- Identify the shape of the need. Is it a one-off cost with a clear repayment event (Bridging Loan), a recurring working-capital gap the company dips into regularly (Flex), or a single large supplier invoice to spread (Slice)?
- Size the gap and check the amount ranges. Confirm the sum falls within the product range published at credicorp.co.uk.
- Match the repayment source to the term. For a Bridging Loan, name the incoming payment that clears the debt and confirm it lands within 84 days. For Flex, confirm regular trading income covers the 14-day minimum cycle. For Slice, confirm the instalments fit the company's cash flow.
- Compare the cost structure. Bridging Loan: daily rate on the balance, total capped. Flex: daily rate on drawn balance only. Slice: flat 6% fee on the invoice. For a short, defined term the Bridging Loan is usually cheapest in total. For an ongoing revolving need, Flex can be more efficient over time.
- Apply for the matched product at credicorp.co.uk. This site does not take applications — the assessment, the decision and the drawdown all happen at the operating lender's own site.
When short-term finance may not be the answer
If the need is structural — the company is spending more than it earns month after month — no short-term product fixes that. The right answer is to address the underlying trading position first.
If the cost of credit exceeds the benefit of the opportunity it enables, the honest move is to let the opportunity pass. And if the asset being funded has a working life of years, it should be financed over years — not bridged with a product designed for weeks.
The guide is short-term borrowing right for you? covers these questions in detail. The cash-flow gap explained gives a worked example of when a bridge does and does not fit.
Product choice questions
The questions directors ask most. For anything specific to your business, the lender's team are at credicorp.co.uk.
What is the main difference between the three Credicorp products?
The Business Bridging Loan is a fixed-sum, fixed-term loan for a single known cost with a clear repayment in sight — 14 to 84 days. Credicorp Flex is a revolving credit facility with a limit you draw, repay and redraw, suited to a recurring working-capital gap. Credicorp Slice converts a single large supplier invoice into a series of smaller instalments at a flat 6% fee. The need determines the product.
How do I know if I need a loan or a revolving facility?
If you have a one-off cost with a specific repayment event in sight — a confirmed order, a supplier deposit — the Bridging Loan fits cleanly. If you regularly run short between paying suppliers and receiving from customers, month after month, the Flex facility is more efficient because it revolves and you only pay interest on what you draw.
What is Credicorp Slice and when does it make sense?
Slice is designed for a single large supplier invoice the company needs to pay now but wants to spread over a short term. It charges a flat fee of 6% and splits the invoice into manageable instalments. It is the most targeted of the three products — it fits a specific bill, not a general working-capital gap.
Can my company use more than one product?
The products are designed to address different needs, so a company with both a specific one-off cost and a recurring working-capital gap could, in principle, use different products at different times. The lender sets out how it handles concurrent facilities — check the current detail at credicorp.co.uk before you apply.
Does it matter which product I choose if the amount is the same?
Yes. A revolving facility held open for the same duration as a bridging loan will cost more if you keep the balance drawn throughout, because interest on the Flex facility accrues daily on the balance. The Bridging Loan is priced for a defined term and cost-caps at 100% of the principal. The right product for the right need will generally be the cheaper option in total.
One thing about who can borrow
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.
Where to go next
For the Bridging Loan in depth, read how business bridging loans work. For the Flex facility, read what a revolving credit facility is. For when a bridge makes sense vs when it does not, see when a short bridge makes sense and is short-term borrowing right for you?. All three products sit on the products page and in the three-products compare page.
Ready when you are
Applying, the decision and managing your account all happen on the lender's site, credicorp.co.uk.