A Flex drawing is money your company takes from its approved facility for use in the business. Because Creditcorp lends only for business purposes, the funds need to support the running, growth, or working capital of the company.
Common, sensible uses
- Bridging a gap between issuing invoices and being paid.
- Buying stock or raw materials ahead of a busy period.
- Covering payroll, rent, or supplier bills during a slow month.
- Funding a small piece of equipment or a one-off project cost.
- Meeting a tax or VAT bill where cash flow is temporarily tight.
What it is not for
Flex must not be used for personal or household spending by a director or employee. It is not a substitute for long-term capital where a fixed-term facility would suit the need better, and it should not be drawn simply to sit idle in an account, since charges apply to what you draw.
Borrow what the business can repay
Only draw what your company genuinely needs and can comfortably repay from trading. If you are funding a large, defined purchase with a clear payback period, compare Flex against a one-off business loan or Creditcorp Slice first. Drawing thoughtfully keeps your facility working for you rather than against you — you can see how the Creditcorp Flex facility is priced and structured on the product page.
See also: How quickly can I access Flex funds after a drawing?, Can I manage more than one facility from a single account? and Common mistakes to avoid with a Flex facility.