There is no rule limiting your company to a single Slice. Because each Slice is a discrete facility linked to one specific bill, you can apply for a new one whenever a separate qualifying obligation arises — either after the first is fully repaid or, in some cases, while an existing one is still running.
Each Slice is independent
A Slice for your VAT bill and a Slice for a supplier invoice are assessed and managed separately. Each has its own instalment schedule, its own 6% flat fee calculated on its own bill amount, and its own repayment timeline. You are not building up a consolidated balance the way you would with a revolving credit facility — each Slice stands alone.
Running two Slices simultaneously
It is possible to hold more than one Slice at the same time, subject to approval. Creditcorp will consider your company's total current obligations — including any live Slice instalments — when assessing a new application. If your weekly outgoings are already stretched, we may ask you to clear an existing Slice before opening a new one. Applying as early as possible before a bill falls due gives us more flexibility.
When Flex might suit you better
If you find yourself using Slice repeatedly for recurring cash-flow gaps rather than for specific one-off bills, a Creditcorp Flex revolving credit facility may be a more efficient fit. Flex gives you a standing limit you can draw and repay on demand, without needing to apply bill by bill. That said, Slice remains useful whenever you have a defined invoice or demand that simply needs spreading over a few weeks.
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 I pay a Creditcorp Slice off early?, Slice vs Creditcorp Flex — which works better for repeat cash-flow gaps?.