Both Slice and a Creditcorp Business Loan are ways to manage a business financial obligation, but they are designed for different situations. Choosing the right one depends on the size of the amount, the nature of the need, and how you want to structure repayment.
When Slice is the right tool
Slice works best when you have a single, identified bill that you need to pay now but want to recover against incoming cash flow over the next three or four weeks. The bill exists, the amount is fixed, and you simply need breathing room. The cost is a flat 6% on that bill — known from the outset, with no interest accumulation. It is fast to set up and closes cleanly once the instalments are done.
When a Business Loan fits better
A Creditcorp Business Loan delivers a fixed sum to your company account for a defined short term. It suits larger funding needs — investing in stock, bridging a gap on a contract, covering a set of costs that do not map neatly to a single invoice. Repayment is over a fixed term with agreed instalments, and the total cost of credit is set out in your loan agreement. If the amount you need is substantially larger than a typical single bill, or the purpose is broader than one payable, a Business Loan is usually the more appropriate product.
The quick decision guide
- One specific bill to pay: Slice
- Larger or multi-purpose funding need: Business Loan
- Need to draw and repay repeatedly: Creditcorp Flex
- Recurring cash-flow management: consider Flex
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 Slice work?, Slice vs Creditcorp Flex — which works better for repeat cash-flow gaps?.