Creditcorp Slice and Creditcorp Flex both help you manage short-term funding needs, but they operate differently. Understanding the distinction helps you avoid applying for the wrong product and paying more than necessary.
How Slice works for specific bills
Each Slice is a one-time facility against a single, named bill. You apply, we settle the bill, you repay over three or four weeks plus the flat 6% fee. Once cleared, the Slice is done. If the next bill arrives, you apply again. This is efficient when bills are infrequent or when their amounts vary significantly — you pay only when you need the facility.
How Flex works for ongoing liquidity
Creditcorp Flex is a revolving credit facility with an approved limit. You draw what you need, repay it, and the limit replenishes for you to draw again — without reapplying each time. This suits companies that regularly experience timing gaps between outgoings and customer receipts, or that want a standing buffer available on demand. The cost structure for Flex differs from Slice; your Flex agreement will set out how charges apply to what you draw and for how long.
Which is more cost-effective?
If you use Slice three or four times a year for ad-hoc bills, the 6% per Slice is a predictable, contained cost. If you are effectively running multiple Slices back to back month after month because cash flow is consistently tight, the cumulative fees may exceed the cost of maintaining a Flex facility at a modest drawdown. It is worth modelling both scenarios against your typical monthly borrowing pattern before deciding.
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: Can my company use Creditcorp Slice more than once?, Slice vs a Creditcorp Business Loan — which should I choose?.