# Choosing between Credicorp Flex and a Business Bridging Loan

Two of Credicorp Limited’s products solve adjacent problems in different shapes. The Business Bridging Loan is a fixed sum, taken in one go and repaid over a set short term. Credicorp Flex is a revolving line you draw against as you need it. Both are for incorporated UK businesses, both are small and short-dated by design, and both come with no personal guarantee. The choice between them is not about which is better — it is about which shape fits the need. This piece compares the two side by side so a director can decide.

## The Business Bridging Loan: a fixed sum, once

The bridging loan is the classic one-off. The company borrows a fixed amount — £50 to £500 — over a fixed term of 14 to 84 days, at 0.25% per day on the principal, with a one-time £5 fee. You know on day one exactly what you owe and when. It suits a single, defined need with a clear repayment date: a confirmed order to fund, a supplier bill to settle, a specific gap to bridge that closes when a named payment lands. You take it, use it, repay it, and you are done. There is no standing line left open afterward.

## Credicorp Flex: a line you draw against

Flex is the revolving alternative. Rather than a single lump sum, the company has a limit — £50 to £500 — and draws against it as the need arises. Interest is 0.25% per day on the drawn balance only, so you pay for what you have actually taken, not the whole limit. There is a £5 fee on the first drawdown, and the facility runs on a 14-day cycle with a minimum repayment each cycle of 10% of the drawn balance or £20, whichever is greater. It suits a recurring or unpredictable pattern — a series of small gaps over time rather than one defined one — where having a line to dip into beats arranging a fresh loan each time.

## Side by side

|   | Business Bridging Loan | Credicorp Flex |
| --- | --- | --- |
| Shape | Fixed lump sum, taken once | Revolving line, drawn as needed |
| Amount | £50–£500 | £50–£500 limit |
| Interest | 0.25%/day on principal | 0.25%/day on drawn balance |
| Fee | £5 one-time | £5 on first drawdown |
| Term / cycle | 14–84 days, fixed | 14-day cycle, revolving |
| Minimum repayment | Per the fixed term | 10% of drawn or £20 per cycle, whichever is greater |
| Cost cap | 100% of principal | 100% of principal |
| Personal guarantee | None | None |
| Best for | One defined gap, known repayment date | Recurring, unpredictable small gaps |

Both share the same hard ceiling: the total cost of credit is capped at 100% of the principal, so the company never repays more than double what it borrowed. Neither takes a [personal guarantee](/articles/why-we-dont-take-personal-guarantees), so the company is the borrower in both cases — consistent with the [incorporated-only lending model](/articles/incorporated-only-business-lending).

## Which fits — a short way to decide

The deciding question is the shape of the need, not the amount. Ask: *is this one defined gap, or a pattern of small ones?* If you can name a single sum and a single repayment date — fund this order, settle this bill, bridge to this invoice — the fixed-sum bridging loan is the clean fit. If instead you face a run of small, hard-to-predict gaps over weeks, and the cost of arranging a fresh loan each time outweighs the convenience, a line you can draw against is the better shape, and you only pay interest on what you draw. The [working-capital-versus-term-loan piece](/articles/working-capital-vs-term-loan) covers the same matching logic at the level of finance families.

## The honest summary

A Business Bridging Loan is a fixed sum for one defined gap; Credicorp Flex is a revolving line for a pattern of small ones. Both are small, short-dated, capped at 100% of principal, and free of personal guarantees. The right choice follows from the shape of the need — one sum and one repayment date points to the bridge, a recurring series of small draws points to Flex. For the full product detail, eligibility and a three-way comparison that adds Credicorp Slice, the operator’s pages are the place to confirm before applying.

## Related
- [Products at Credicorp Limited — the bridging loan, Flex and Slice](/products/)
- [Working capital vs a term loan: matching finance to the need](/articles/working-capital-vs-term-loan)
- [The true cost of a short-term business loan, line by line](/articles/the-true-cost-of-a-short-term-loan)
- [Compare the products side by side (operator)](https://credicorp.co.uk/compare/)
- [Apply or see live pricing at Credicorp Limited (operator)](https://credicorp.co.uk/business-loans/)