Whether you want to extend the term of a Business Loan, increase a Flex limit, or renew a Slice arrangement, the cost is always disclosed up front before you commit. There is no blanket extension fee that applies automatically — terms depend on your account and the type of facility.
Business Loan extensions
If your company needs longer to repay a Business Loan than originally agreed, we can sometimes restructure the remaining balance into a new term. This is treated as a new credit agreement, meaning you will receive a fresh offer letter showing the total new cost. Any restructuring fee, if applicable, is shown in that letter.
Creditcorp Flex limit increases
Requesting a higher limit on a Flex facility does not automatically carry a fee. If your usage and financial position support a higher limit, we will confirm the revised terms — including any change to the cost structure — before the increase takes effect. Your existing draws are unaffected by the limit change.
Slice renewals
Each Slice transaction is standalone. When you spread a new bill, the flat 6% fee applies to that bill amount only. There is no ongoing facility renewal fee — you simply initiate a new Slice when you have a bill to spread.
We lend only to UK limited companies and LLPs, and the loan is to the company with no director personal guarantee. As business finance outside the consumer-credit regime, it is not covered by the Financial Ombudsman Service or FSCS.
See also: How is the total cost of borrowing shown before I accept?, How does Slice's flat 6% fee compare to other short-term options?.