™
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
Credicorp 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
Credicorp 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 | Credicorp Flex | Credicorp 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.
→ Credicorp FlexA supplier wants paying today
An invoice is due now, but it suits the business to spread the cost. We pay the supplier in full today, and you repay us over the plan.
→ Credicorp SliceHow each one works
Three steps each, in plain terms. Applying and drawing down both happen on credicorp.co.uk.
Business Bridging Loan
Credicorp Flex
Credicorp 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, which puts it 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 |
| Credicorp Flex | £200 drawn | 20 days | £10.00 interest (+£5 first drawdown) | £215.00 |
| Credicorp Slice | £600 bill | 4 instalments | £36.00 flat fee (6%) | £636.00 (4 × £159.00) |
The Loan and Flex both charge 0.25% per day on whatever balance is outstanding or drawn, plus a one-time £5 establishment fee. Slice charges a 6% flat fee and no interest. Whichever you take, the total cost is capped at 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.