A Creditcorp Flex facility at zero balance costs your company nothing. There is no commitment fee, no non-utilisation fee, and no monthly standing charge for keeping the facility available. Costs only arise when you draw funds, and they stop accruing when you repay.
How costs work on a Flex draw
When your company makes a draw, the cost begins accruing from that day against the drawn amount. If you draw £15,000 and repay £10,000 a week later, costs accrue on £15,000 for the first week, then on £5,000 from that point forward. Repaying to zero stops the cost completely — the facility simply sits ready for the next time you need it.
No minimum usage requirement
We do not require your company to draw a minimum amount per month or per quarter to keep the facility active. If your cash flow is strong and you do not need to draw for several months, the facility waits at no cost. If your circumstances change and you want to close the facility entirely, there is no closure fee.
Reviewing an idle facility
We periodically review all facilities — including dormant ones — to confirm the limit still reflects your company's current position. If your financial profile has changed significantly, we may adjust the available limit on renewal. We will always give you advance notice before any limit change takes effect.
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: What does it cost to extend or renew a Creditcorp facility?, Are there any hidden charges?.