™
Short-term business credit.
Three products, one principle: the borrower is the company, not the director. You apply over on credicorp.co.uk — this page is just here to explain how each one works.
The three products
A single lump sum, an ongoing facility, or a supplier bill paid in instalments. Whichever you pick, the company borrows — never the director.
Business Bridging Loan
- Amount: £50 – £500
- Term: 14 – 84 days
- Interest: 0.25% per day on outstanding principal
- Establishment fee: £5.00 (one-time)
- Cost cap: 100% of principal
- Repayment cadence: weekly or fortnightly
- Personal guarantee: none
- Right to withdraw: 14 days from signing
Creditcorp Flex
- Credit limit: £50 – £500
- Interest: 0.25% per day on drawn balance only
- Establishment fee: £5.00 (on first drawdown)
- Cost cap: 100% per drawing
- Term: ongoing while in good standing
- Cycle: 14 days
- Minimum per cycle: 10% of drawn balance, or £20, whichever is greater
- Personal guarantee: none
Creditcorp Slice
- Bill amount: £50 – £2,000
- Instalments: 3 or 4, over up to 8 weeks
- Fee: 6% of the bill (flat, one-time)
- Late fee: £12 per missed instalment (capped)
- Cost cap: 100% of the bill
- Early repayment: free; unused fee refunded
- Collection: Direct Debit on dates you choose
- Personal guarantee: none
The three, side by side
Everything in one place, so you can weigh them up. The figures are the operator's published terms — always check the live product page before you apply.
| Bridging Loan | Creditcorp Flex | Creditcorp Slice | |
|---|---|---|---|
| Shape | One lump sum | Revolving facility | A supplier bill, split into instalments |
| Amount | £50 – £500 | £50 – £500 limit | £50 – £2,000 bill |
| Pricing | 0.25%/day on principal | 0.25%/day on drawn balance | 6% flat fee of the bill |
| Term | 14 – 84 days | Ongoing | 3–4 instalments, up to 8 weeks |
| Cost cap | 100% of principal | 100% per drawing | 100% of the bill |
| Best when | You need a fixed sum for a fixed period | You want credit on tap, repaid and reused | You need to pay a supplier now, over time |
| Personal guarantee | None | None | None |
| Borrower | The company | The company | The company |
Which one fits?
Three situations we see a lot. They're made-up examples, not real customers — just an easy way to show how the three differ.
A one-off gap to bridge
A confirmed contract starts next month, but stock has to be bought now. You know the exact amount and when you can repay.
→ Business Bridging LoanUneven, recurring needs
Cash flow rises and falls week to week. You want a limit you can draw on, repay, and draw again — paying only for what you use.
→ Creditcorp FlexA supplier wants paying today
An invoice is due now, but it suits the business to spread the cost. The supplier is paid in full today; you repay in instalments.
→ Creditcorp SliceHow each one works
Three steps each, in plain terms. Applying and drawing down both happen on credicorp.co.uk.
Business Bridging Loan
Creditcorp Flex
Creditcorp Slice
How a decision is made
We don't assess applications here — the operator does that over at credicorp.co.uk. Here's how it works.
What the decision looks at
- Affordability first. The clearest evidence is the last six months of business bank statements, shared by read-only Open Banking or uploaded as PDFs.
- Business credit, not the director's. Screening runs against business bureaux (Experian Business, Creditsafe, Equifax Business). There is no personal credit check on the director.
- Standard compliance. An anti-money-laundering and sanctions check on the company and its director.
- Track record. For returning borrowers, a clean repayment history counts as a strong positive signal.
What it deliberately ignores
Demographic characteristics, postcode-based inference on its own, social-media activity, and unverified hearsay are excluded from the decision.
People, not just algorithms
Straightforward applications can be decided automatically within minutes, so a same-day outcome is common. Cases that show signs of hardship, or that look unusual for a returning customer, are routed to a human reviewer from the start. And if an automated decision goes against you, you have the right under UK GDPR Article 22 to ask for human review: the original decision is set aside, the file is reviewed afresh by a member of the credit team, and you receive a new written outcome.
Eligibility
- UK private limited company (Ltd), limited liability partnership (LLP), or public limited company (PLC).
- Trading for at least six months.
- UK business bank account in the company's name.
- The loan is for a business purpose.
Full operator eligibility detail is at credicorp.co.uk/what-we-offer.
Who Creditcorp does not lend to
- Sole traders. Lending to a sole trader is lending to an individual; that's outside the Creditcorp product.
- Individuals borrowing in their own name. Creditcorp does not offer personal loans, payday loans or guarantor loans.
- Unincorporated partnerships.
Body-corporate lending is the only direct-lending business Credicorp Limited does. There is no personal-loan product — see /lending-and-regulation/ for why the perimeter is drawn there.
How the application works
- Apply online at credicorp.co.uk/apply. About five minutes. Company details, director details, business bank account, photo ID, six months of business bank statements.
- File review. A real person reviews the application. Companies House verification, business credit check, affordability check on the bank statements. The operator may come back with one or two questions.
- Sign the agreement. If approved: Key Information Sheet and Business Loan Agreement. The agreement is between Credicorp Limited and your company. No personal guarantee.
- Funds released. Money sent to your business bank account, usually the same working day if the agreement is signed before 3 pm UK time.
Full walkthrough: credicorp.co.uk/how-it-works.
Honest about cost
These are small short-term loans. They are not cheap relative to a business overdraft, a business credit card, or a longer-term business loan, and the operator is upfront about that. For most cash-flow needs, there is a cheaper option — business overdraft, business credit card, invoice finance, asset finance, a grant, a larger SME loan, a director's loan, or simply asking a customer to pay early.
The operator's business-loan page lists nine alternatives the operator recommends checking first before applying for a Creditcorp loan: credicorp.co.uk/business-loans.
Worked examples
Illustrations using the published rates above. Repaid on schedule; actual figures depend on the amount, term and timing of repayments. Always confirm the live cost at the point of application.
| Product | You take | Over | Charge | Total to repay |
|---|---|---|---|---|
| Bridging Loan | £300 | 30 days | £22.50 interest + £5 fee | £327.50 |
| Bridging Loan | £500 | 60 days | £75.00 interest + £5 fee | £580.00 |
| Creditcorp Flex | £200 drawn | 20 days | £10.00 interest (+£5 first drawdown) | £215.00 |
| Creditcorp Slice | £600 bill | 4 instalments | £36.00 flat fee (6%) | £636.00 (4 × £159.00) |
Interest on the Loan and Flex is 0.25% per day on the outstanding/drawn balance; the £5 establishment fee is one-time. Slice is a 6% flat fee with no interest. Every product is capped so the total cost never exceeds 100% of the amount borrowed.
What protections do and do not apply
A Creditcorp business loan is unregulated business credit. Three practical consequences a borrower should know about:
- No FCA authorisation is required for the lender, and Credicorp Limited is not authorised by the Financial Conduct Authority.
- The Financial Ombudsman Service does not cover the loan. Complaints go through the operator's internal complaints process, then to the courts.
- The Financial Services Compensation Scheme does not cover the loan.
These follow from Article 60B of the FSMA Regulated Activities Order 2001, not from any choice by Creditcorp. Body-corporate lending sits outside the FCA consumer-credit regime.