Drawing from your Creditcorp Flex facility is straightforward: log in to your company account, enter the amount you need (up to your available limit), and submit a drawdown request. Our team reviews each request and, once confirmed, transfers the funds to the business bank account registered on your file.
Minimum and maximum drawdowns
Each drawdown must meet a minimum amount — this is confirmed when your facility is set up. You cannot draw more than your current available limit in a single request. If you have an existing drawn balance, your available limit is your total limit minus the outstanding amount.
How quickly do funds arrive?
Timing depends on your bank's processing and the time of day your request is approved. Most transfers reach the destination account on the same or next business day. Requests submitted outside business hours are processed on the next working day.
What you should have ready
No new paperwork is normally needed for a drawdown — your facility is already in place. You will simply need to confirm the amount and the purpose if prompted. Creditcorp may occasionally request updated financial information if a significant period has passed since your last drawdown or limit review.
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 does Creditcorp Flex work?, Can I repay and redraw my Flex balance?.