# How to choose the right business finance. The right product depends on the shape of the need. A one-off gap with a known repayment date calls for a fixed-term advance; a recurring, rolling shortfall suits a revolving facility; a single supplier invoice is what Slice is built for. This guide walks through the decision in five steps. On every Credicorp product, **the company borrows, never you personally**. No personal guarantee. Creditcorp is the growing name for the Credicorp group, and Credicorp Limited is the lender behind it. It does one thing: short-term working capital for incorporated UK businesses. This page is a guide, not an application; applying happens on the lender's own site, [credicorp.co.uk](https://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. ## 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. **Step 1: Is there a specific need?** Short-term working capital is not general funding. Is there a definite, identifiable gap — a stock purchase, a supplier invoice, a cash-flow timing problem — or is the company looking for a general buffer? If the need is not specific and short-term, none of these products is the right answer. **Step 2: Is it one event or recurring?** A one-off confirmed order calls for a bridge — a fixed amount for a fixed period. A recurring monthly shortfall (customers on 60-day terms, suppliers on 30) calls for a facility you can draw and repay repeatedly. **Step 3: Is it a specific invoice?** If the need is to pay one identified supplier invoice and spread the cost, Slice is the purpose-built product. It is not a general credit line; it is tied to a single bill. **Step 4: How long does the gap last?** The Business Bridging Loan runs for 14 to 84 days. If the gap closes within that window — because a confirmed payment is due, or a seasonal peak ends — a fixed-term advance is clean and predictable. If the gap is longer or less defined, Flex's ongoing revolving structure may suit better. **Step 5: What is the repayment source?** For every product, the practical question is: what cash is coming in to repay this? A confirmed invoice from a known customer is a strong repayment source. A general hope that things will improve is not. ## When short-term finance may not be the answer Short-term working capital is not the right solution for every situation. - If the company is loss-making and the need is to fund losses, short-term credit will not fix the underlying problem. - If the gap is structural rather than temporary — customer terms are always 90 days and supplier terms always 14 — the question is whether the business model can be adjusted rather than whether to keep bridging the same gap indefinitely. - If the total cost of the credit exceeds what the underlying transaction makes, the financing cost may make the deal uneconomic. The lender's team at [credicorp.co.uk](https://credicorp.co.uk/) can help with any specific question about whether a product is the right fit. ## Product choice questions **We have both a recurring gap and a one-off invoice — can we use both?** Yes. Some companies use a Flex facility for their ongoing working-capital cycle and take a Bridge for a specific one-off event alongside it. **Is there a minimum amount?** The minimum is £50 for all three products. The Business Bridging Loan maximum is currently £500; Flex limit maximum is £500; Slice maximum invoice value is £2,000. **Can we use the same product more than once?** The Bridge is a single transaction — you apply, draw, repay and close. Flex is designed for repeated use within the approved limit. Slice is per invoice; each new supplier bill is a separate Slice arrangement. **Does Credicorp require a personal guarantee?** No, on any product. The agreement is between Credicorp Limited and the company. No personal guarantee, no charge over any director's assets or home. ## One thing about who can borrow All three products are for **bodies corporate** — UK private limited companies (Ltd), limited liability partnerships (LLPs) and PLCs. They are not for sole traders, partnerships without limited liability status, or individuals borrowing in their own name. Under Article 60B of the FSMA Regulated Activities Order 2001, lending to a body corporate is not a regulated credit agreement. This is exempt business lending — not consumer credit. The full position is on the [lending and regulation](/lending-and-regulation/) page. ## Where to go next - [A loan or a facility](/learn/a-loan-or-a-facility/) — the structural difference between a fixed advance and a revolving line. - [The 100% cost cap](/learn/the-100-percent-cost-cap/) — the ceiling on total cost across all three products. - [Is short-term borrowing right for you?](/learn/is-short-term-borrowing-right-for-you/) — an honest decision aid, including when not to borrow. - [The three products compared](/compare/the-three-products/) — Loan, Flex and Slice, side by side. - [credicorp.co.uk compare page](https://credicorp.co.uk/compare/) — full product comparison on the lender's site. ## Ready when you are Applying, the decision and managing your account all happen on the lender's site, [credicorp.co.uk](https://credicorp.co.uk/).