# What is a facility limit? What a business credit facility limit is, what determines it, how it can change over time, and what to do when you need more than the current limit allows. **Site:** [creditcorp.co.uk/learn/what-is-a-facility-limit/](https://creditcorp.co.uk/learn/what-is-a-facility-limit/) Creditcorp is the growing name for the Credicorp group. Credicorp Limited is the lender behind it — short-term working capital for incorporated UK businesses. No personal guarantee on any product. This page is a guide; applications go to [credicorp.co.uk](https://credicorp.co.uk/). ## Contents - What a facility limit is and how it works - What determines the limit - Five steps to manage and build your facility limit - Facility limit questions - Ready to apply? ## Step-by-step guide **Step 1: Apply for the amount the company actually needs** When applying, request the amount that matches the specific business need — not the maximum you think you might get, and not more than the company genuinely needs. The assessment determines what the company can afford to repay from its current income; applying for an appropriate amount improves the chance of a straightforward decision. **Step 2: Understand what your current data supports** The limit offered reflects what the assessment concludes the company can afford. Before applying, review the company's bank statements for the last three to six months — consistent income, healthy balances and limited existing commitments all support a higher limit. If the data period includes an atypical month (a large one-off payment, a temporary dip), a note on this in the application may be helpful. **Step 3: If the limit offered is lower than needed, ask why** If the offer is lower than expected, ask Credicorp's team what data drove the limit. There may be a specific factor — a bureau entry, a balance concern in the statements — that can be addressed or explained. Sometimes a limit can be reassessed if additional data is provided or a specific concern is clarified. **Step 4: Build the company's profile over time for higher future limits** Track record matters. A company that draws and repays on time, maintains consistent income growth and keeps its bureau record clean will typically qualify for higher limits on subsequent applications. Each repayment adds to the company's credit history. Good Companies House maintenance — on-time filings, current registered details — also supports this. **Step 5: For revolving products, manage the available balance actively** For a revolving facility like Credicorp Flex, the available balance is the limit minus the current outstanding balance. To preserve maximum flexibility, repay drawn amounts as soon as the incoming cash that was being bridged arrives — this immediately restores availability. Do not leave large drawn balances sitting idle; daily interest continues to accrue on everything drawn. ## Frequently asked questions **What is a facility limit?** A facility limit is the maximum amount a company can borrow under a particular credit product at any one time. For a Business Bridging Loan, it is the maximum amount that can be drawn under a single facility (the approved lump sum). For a revolving facility like Credicorp Flex, it is the maximum outstanding balance — the company can draw up to the limit, repay, and redraw, as long as the outstanding balance does not exceed the limit at any time. **What determines the facility limit?** The facility limit is set during the assessment based on what the lender judges the company can afford to service — principally from the company's bank statement data (income level, balance consistency, existing commitments) and the bureau data (payment history, existing credit). It is not a fixed product maximum but a company-specific figure derived from the assessment. A company with higher, more consistent income will typically be offered a higher limit than a company with lower or more variable income. **Can the facility limit increase over time?** Typically yes, though this depends on the lender's own criteria. As a company demonstrates a track record of drawing and repaying, its bureau data improves and its bank statement data provides more evidence of affordability. Lenders may offer limit increases based on this improved profile, either proactively or when the company applies. At the time of any new application, the assessment uses the most recent available data, so an improved trading position can result in a higher offer. **What happens if I need to borrow more than the facility limit?** If the amount you need exceeds the facility limit offered, you have a few options: (1) check whether the lender can reassess the limit based on more recent or complete data; (2) apply at a different time when the company's trading data is stronger; (3) consider whether the need can be split across a shorter period so a smaller amount still delivers the required outcome. Credicorp cannot point to other specific lenders, but there are other business lenders in the market. **Does the facility limit on a revolving product replenish after repayment?** Yes. For a revolving product like Credicorp Flex, the available balance replenishes as the company repays. If the limit is £20,000 and the company has £12,000 drawn, the available balance is £8,000. When the company repays £5,000, the available balance becomes £13,000. The total outstanding balance can never exceed the set limit, but within that, the company can draw and repay freely. ## About Creditcorp / Credicorp Credicorp Limited is a UK short-term business lender. Products: Business Bridging Loan (14–84 days, 0.25%/day), Credicorp Flex (revolving credit, 0.25%/day on drawn balance), Credicorp Slice (invoice-backed, flat fee). Incorporated UK companies and LLPs only. No personal guarantee. No debenture. Same-day decisions. Total charges capped at 100% of principal. - [Apply or get a quote](https://credicorp.co.uk/) - [Products overview](https://credicorp.co.uk/products/) - [Eligibility](https://credicorp.co.uk/eligibility/) - [All learn guides](https://creditcorp.co.uk/learn/)