Creditcorp Flex gives your company an approved credit limit you can draw against, repay, and draw from again — as many times as you need, without going through a fresh application each time. Think of it as a standing facility that sits ready for when your business needs working capital.
Setting up your limit
When your application is approved, Creditcorp assigns a credit limit specific to your company. That limit reflects your company's turnover, trading history and current financial position. Once the facility is open, you can request a drawdown at any time up to that limit.
Drawing and repaying
You draw only what you need, when you need it. If your limit is £50,000 and you draw £15,000, the remaining £35,000 stays available. As you repay the drawn balance, that capacity is restored — so a £10,000 repayment on a £15,000 draw puts £45,000 back within reach. There is no need to close and reopen the facility between uses.
What Flex is suited for
Flex works well for businesses with lumpy or seasonal cash flow — covering a supplier invoice while waiting on a large customer payment, bridging a payroll date, or managing stock purchases ahead of a busy period. Because you only draw what you use, you keep control of how much facility you are using at any point.
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 do I draw funds from my Flex limit?, How is interest charged on Creditcorp Flex?.