Credicorp
Credicorp Flex — revolving business credit facility and drawdown line of credit for UK companies
Credicorp Flex is a revolving credit facility for UK limited companies — a business line of credit, not a one-off fixed loan. You are approved for a credit limit of £50 to £500 and draw down only what you need, when you need it. You pay interest on the balance you have actually drawn, never on the part of the limit you are not using. As you repay, the limit frees up to draw again.
See your repayments take shape
Move the sliders to picture the plan — what you repay, the cost of borrowing, and when each payment falls due. It is an illustration, not a quote.
How the revolving credit facility works
- Apply once for a limit. We agree a credit limit between £50 and £500 based on your company. There is no personal guarantee — the company is the borrower.
- Draw down what you need. Take any amount up to your remaining limit, straight to the company account. Draw once or several times.
- Pay interest only on what you draw. Interest is 0.25% per day on your drawn balance — nothing on the undrawn limit. A one-off £5 facility fee applies when you first draw down.
- Repay each cycle, and redraw. Each repayment period you pay at least the minimum over a 14-day cycle: the greater of 10% of your drawn balance or £20. Repaying frees the limit to draw again. You can clear the balance in full at any time with no early-repayment charge.
What it costs
Is a facility the right choice?
This is expensive, short-term credit. As a drawdown facility it can work as an alternative to a business overdraft when you cannot get one, because you pay only on what you draw. It earns its place when your cash-flow gaps are small, recurring and hard to predict, and you want money in the company account quickly without a personal guarantee. For most other situations there is cheaper, more flexible business finance worth checking first:
If money is already tight, free and independent business-debt advice is available from Business Debtline (0800 197 6026).
- A business overdraft — typically far cheaper if you have one in place.
- A business credit card — useful for short gaps if you clear the balance within the billing cycle.
- Invoice finance — if you have unpaid customer invoices, you can usually advance most of their value within a day.
- A grant — gov.uk's Business Finance Support Finder lists funding you may not have to repay.
- The Start Up Loans Company — a government-backed loan over a longer term at a lower rate.
- Asking a customer to pay early — sometimes the cheapest move of all.
Who can apply
- UK limited companies that have been trading for at least 6 months.
- The company is the borrower. There is no personal guarantee and the director is not personally liable.
- A facility is offered to limited companies only — not to sole traders.
- Repayment behaviour is reported only to business credit reference agencies, not to your personal credit file.
On-demand business finance for small UK companies
Credicorp Flex works as on-demand business finance: your credit line sits ready and you draw it down only when a gap appears. Unlike a fixed-term loan, there is no commitment to borrow — you pay nothing while the limit is untouched. For a small UK limited company, this is a credit line that scales with your actual cashflow needs rather than your forecast.
The interest is charged only on the balance drawn, making Flex cost-efficient for short, sharp gaps rather than sustained borrowing. Draw today, repay next cycle, draw again — the flexible drawdown structure means the line stays available without requiring a new application.
Borrowing responsibly
Revolving credit is only useful if it does not become a trap. If a drawing falls more than 2 repayment periods behind, we pause new drawdowns until the facility is brought back up to date — a guard rail, not a punishment. We would always rather talk than let a balance drift.
If you are worried about a payment, tell us early. We have a hardship and forbearance process and will help before things escalate. We never send marketing encouraging you to borrow more while you have a balance outstanding.
About Credicorp
Credicorp Limited is a UK limited company. Our lending to limited companies is carried out under article 60B of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001, which falls outside FCA consumer-credit regulation. Because of this, the Financial Ombudsman Service and the Financial Services Compensation Scheme do not apply to it.
Common questions
View all FAQs →
• Drawn balance £1,000 → minimum payment = max(£100, £20) = £100 .
• Drawn balance £150 → minimum payment = max(£15, £20) = £20 .
• Drawn balance £50 → minimum payment = max(£5, £20) = £20 (the £20 floor).
Credicorp Flex vs Credicorp Slice
Two ways to borrow for the short term. Flex is a small revolving facility you dip in and out of; Slice spreads one specific bill over a few scheduled payments. Switch between them to weigh the terms — it’s a guide to help you choose, not a quote.
Credicorp Flex
A small revolving credit facility you can dip into.
Credicorp Slice
Pay one business bill in three or four instalments.
Things you should know
Representative example: A loan of £200 over 30 days at a daily interest rate of 0.25% on the outstanding principal, with a £5 establishment fee, would require a single repayment of £220.00. Total amount payable £220.00. Total cost of credit £20.00.
- Lending is available to UK limited companies, limited liability partnerships, and public limited companies only. We do not lend to sole traders, individuals, or unincorporated partnerships.
- All applications are subject to status, affordability and credit checks performed against business credit reference agencies. We do not approve every application.
- We are a direct lender, not a broker. We never charge brokerage or arrangement fees other than the establishment fee disclosed in your pre-contract information.
- The total cost of credit on any single agreement is capped at 100% of the principal advanced. You will never repay more than double what you borrowed on a single loan.
- No personal guarantee is required or accepted. The company is the borrower. The director who signs on behalf of the company is not personally liable for the loan.
- This is unregulated business lending: a body corporate is not an "individual" or "relevant recipient of credit" under Articles 60B and 60L of the FSMA Regulated Activities Order 2001, so the loan is not a regulated credit agreement under that Order. Credicorp Limited is not authorised or regulated by the Financial Conduct Authority for consumer credit lending. Borrowers cannot refer complaints to the Financial Ombudsman Service and are not covered by the Financial Services Compensation Scheme. We operate an internal complaints procedure — please see our complaints policy.
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