Business lender comparison

Compare business loans UK: our three lending products

Three Credicorp products, three shapes of business borrowing. They share a regulatory posture — body-corporate-only lending, no personal guarantee, 100% total-cost cap — but they fit different situations. Pick the one that matches what you actually need this week.

Comparing business loans in the UK comes down to matching the shape of your need to the shape of the borrowing. A fixed-term loan suits a single planned cost; a revolving credit facility suits recurring cashflow gaps; instalments suit one specific bill. The grid below sets all three side by side so you can weigh cost, term, repayment and eligibility for your limited company before you apply.

At a glisk	Credicorp Loan A ane-aff, fixed-term business loan.	Credicorp Flex A wee revolvin credit facility ye can dip intae.	Credicorp Slice Pey ae business bill in three or fower instalments.
Best for	A single, planned cost — supplier order, equipment, a one-off project.	Recurring short cashflow gaps — paying suppliers ahead of receivables.	A specific business bill (supplier invoice, tax bill, repair) you want to spread over 3–4 weeks.
Amoont range	£50–£500	£50–£500 limit	£50–£2,000
Tairm / cycle	Fixed 14–84 days	Open-ended; 14-day repayment cycle	3 or 4 weekly instalments
Heidline cost	0.25% per day interest + £5 establishment fee	0.25% per day on drawn balance + £5 establishment fee	6% flat fee — no compounding, no APR sleight of hand
Total-cost caip	100% of principal — never charged more in fees + interest than you borrowed.	100% of principal drawn — same cap as Loan.	A single flat fee at outset — no compounding, no late uplift beyond a capped £12 missed-instalment fee.
Repeyment	Fixed schedule, BACS Direct Debit by default. Settle early any time — early-settlement charge up to 28 days' interest may apply.	10% of balance minimum per cycle; repay more whenever you like.	3 or 4 equal instalments by BACS Direct Debit. Settle early and we refund the unused part of the fee pro rata.
Wha is the borrower?	The company — never the director personally.	The company — never the director personally.	The company — never the director personally.
Personal guarantee?	No.	No.	No.
Deceesion speed	Most decisions land the same working day.	Limit approved the same working day; draws thereafter are instant.	Most decisions land the same working day; the supplier is paid in full as soon as we approve.
Eligibilitie	UK Ltd or LLP, 6+ months trading, current business bank account, director identity check.	UK Ltd or LLP, 6+ months trading, current business bank account, director identity check.	UK Ltd or LLP, 6+ months trading, current business bank account, valid supplier invoice.
Regulatory poseetion	Article 60B FSMA RAO 2001 — body-corporate lending, outside FCA consumer-credit. No FOS, no FSCS, no BBRS.	Article 60B FSMA RAO 2001 — body-corporate lending, outside FCA consumer-credit. No FOS, no FSCS, no BBRS.	Article 60B FSMA RAO 2001 — body-corporate lending, outside FCA consumer-credit. No FOS, no FSCS, no BBRS.
Pit in nou	Pit in for a Business Loan	Apply for Credicorp Flex	Apply for Credicorp Slice

Credicorp Loan A ane-aff, fixed-term business loan.

Best for: A single, planned cost — supplier order, equipment, a one-off project.
Amoont range: £50–£500
Tairm / cycle: Fixed 14–84 days
Heidline cost: 0.25% per day interest + £5 establishment fee
Total-cost caip: 100% of principal — never charged more in fees + interest than you borrowed.
Repeyment: Fixed schedule, BACS Direct Debit by default. Settle early any time — early-settlement charge up to 28 days' interest may apply.
Wha is the borrower?: The company — never the director personally.
Personal guarantee?: No.
Deceesion speed: Most decisions land the same working day.
Eligibilitie: UK Ltd or LLP, 6+ months trading, current business bank account, director identity check.
Regulatory poseetion: Article 60B FSMA RAO 2001 — body-corporate lending, outside FCA consumer-credit. No FOS, no FSCS, no BBRS.

Pit in for a Business Loan

Credicorp Flex A wee revolvin credit facility ye can dip intae.

Best for: Recurring short cashflow gaps — paying suppliers ahead of receivables.
Amoont range: £50–£500 limit
Tairm / cycle: Open-ended; 14-day repayment cycle
Heidline cost: 0.25% per day on drawn balance + £5 establishment fee
Total-cost caip: 100% of principal drawn — same cap as Loan.
Repeyment: 10% of balance minimum per cycle; repay more whenever you like.
Wha is the borrower?: The company — never the director personally.
Personal guarantee?: No.
Deceesion speed: Limit approved the same working day; draws thereafter are instant.
Eligibilitie: UK Ltd or LLP, 6+ months trading, current business bank account, director identity check.
Regulatory poseetion: Article 60B FSMA RAO 2001 — body-corporate lending, outside FCA consumer-credit. No FOS, no FSCS, no BBRS.

Apply for Credicorp Flex

Credicorp Slice Pey ae business bill in three or fower instalments.

Best for: A specific business bill (supplier invoice, tax bill, repair) you want to spread over 3–4 weeks.
Amoont range: £50–£2,000
Tairm / cycle: 3 or 4 weekly instalments
Heidline cost: 6% flat fee — no compounding, no APR sleight of hand
Total-cost caip: A single flat fee at outset — no compounding, no late uplift beyond a capped £12 missed-instalment fee.
Repeyment: 3 or 4 equal instalments by BACS Direct Debit. Settle early and we refund the unused part of the fee pro rata.
Wha is the borrower?: The company — never the director personally.
Personal guarantee?: No.
Deceesion speed: Most decisions land the same working day; the supplier is paid in full as soon as we approve.
Eligibilitie: UK Ltd or LLP, 6+ months trading, current business bank account, valid supplier invoice.
Regulatory poseetion: Article 60B FSMA RAO 2001 — body-corporate lending, outside FCA consumer-credit. No FOS, no FSCS, no BBRS.

Apply for Credicorp Slice

How to choose the right business loan in the UK for your company

A useful SME lender comparison starts with the job the money has to do, not the headline number. Credicorp Loan is a fixed-term business loan for a single, planned outlay — a supplier order, a piece of equipment, a one-off project — repaid on a set schedule. Credicorp Flex is a small revolving credit facility for recurring cashflow gaps, where you draw what you need and pay interest only on the drawn balance. Credicorp Slice spreads one specific business bill — a supplier invoice, a tax bill, a repair — over a few weekly instalments.

Across all three the borrower is your limited company, never the director personally, and we take no personal guarantee. Use the grid above to weigh how each product handles the things that matter to a UK business — the amount range, the term or cycle, how repayment works and what it takes to qualify — then pick the shape that matches what you actually need this week.

Credicorp is a UK fintech business lender, so the comparison that matters is against other online and alternative business lenders rather than a high-street overdraft. When you weigh us up as an alternative lender, look past the headline rate to the things that change what you actually pay and how the borrowing behaves: whether the cost is fixed or revolving, whether there is a total-cost cap, whether a personal guarantee is required, how the application and decision work, and how quickly funds arrive. Our digital application uses Open Banking to read your business account with your permission, which is why most decisions land the same working day. The grid above lays those factors out for all three Credicorp products so you can make a like-for-like business lender comparison.

Afore ye commit, it's worth kennin whaur tae fin the cost o credit afore ye sign.

No shair whilk fits?

Find the product that fits hoo ye borrae

Answer two quick questions and we’ll point you to the product that tends to suit. It’s a guide to help you choose — not a lending decision or a quote.

1. Whit dae ye need the siller for?

A ane-aff cost A single ootlay ye can ettle tae clear ower a fixed period. Tae dip in an oot Ongaun flexibility — draw whit ye need, whan ye need it. Tae spreid ae bill Brak a single business bill intae a wheen scheduled peyments.

Credicorp Loan — A ane-aff, fixed-term business loan.

Credicorp Flex — A wee revolvin credit facility ye can dip intae.

Credicorp Slice — Pey ae business bill in three or fower instalments.

Short-term, side by side

Credicorp Flex vs Credicorp Slice

Two ways to borrow for the short term. Flex is a small revolving facility you dip in and out of; Slice spreads one specific bill over a few scheduled payments. Switch between them to weigh the terms — it’s a guide to help you choose, not a quote.

Credicorp Flex

A wee revolvin credit facility ye can dip intae.

Facility size: £50 – £500
How you repay: Draw and repay as you go
Repayment cycle: Every 14 days
Minimum repeyment: 10% of the balance (at least £20)
Best for: Recurring, unpredictable cashflow gaps

See Credicorp Flex

Credicorp Slice

Pey ae business bill in three or fower instalments.

Bill size: £50 – £2,000
How you repay: 3 or 4 scheduled instalments
Instalment spacing: Every 7 days
Fixed fee: 6% of the bill
Best for: Spreading one specific, known bill

See Credicorp Slice

These are the published product terms, not a lending decision. /apply/ confirms whit ye can actually borrae.

Get yer decision the noo Speak tae a body

No sure whilk ane's richt? see whit we offer.

Looking for a personal loan? Credicorp does not offer personal loans — we lend to UK limited companies only.

Common questions about comparing business loans

How does Credicorp compare to iwoca, Funding Circle or 365 Business Finance?

Credicorp is an alternative business lender focused on short-term working capital for UK limited companies. Unlike Funding Circle (medium-term P2P) or 365 Business Finance (revenue-based), Credicorp offers fixed-term loans, a revolving credit facility (Flex) and bill-instalment finance (Slice). No personal guarantee, no broker, and decisions usually land the same working day.

What is the best business loan for a UK limited company?

The best business loan depends on the job the money has to do. For a single, planned cost use a fixed-term loan. For recurring cashflow gaps a revolving credit facility works better. For one specific bill, instalments suit most. Use the grid above to weigh cost, term and repayment side by side before you apply.

Is Credicorp an alternative to a high-street bank business loan?

Yes — Credicorp is an online, direct-lender alternative to a bank business loan for UK limited companies. There is no personal guarantee, no branch visit, and the application is online. Banks are cheaper for larger, longer borrowing. Credicorp is built for small, fast, short-term working capital where speed and simplicity matter.

Can I compare Credicorp Flex with a business overdraft?

Credicorp Flex is designed for companies that cannot get a business overdraft or have exhausted theirs. It is a revolving credit facility — you draw what you need and pay interest only on the drawn balance. An overdraft is cheaper if you have one. If you do not, Flex fills the same role: a flexible credit line you can dip into as cashflow gaps arise.

See aw the FAQs →

Things ye should ken

Lending is available to UK limited companies, limited liability partnerships, and public limited companies only. We do not lend to sole traders, individuals, or unincorporated partnerships.
All applications are subject to status, affordability and credit checks performed against business credit reference agencies. We do not approve every application.
We are a direct lender, not a broker. We never charge brokerage or arrangement fees other than the establishment fee disclosed in your pre-contract information.
The total cost of credit on any single agreement is capped at 100% of the principal advanced. You will never repay more than double what you borrowed on a single loan.
No personal guarantee is required or accepted. The company is the borrower. The director who signs on behalf of the company is not personally liable for the loan.
This is unregulated business lending: a body corporate is not an "individual" or "relevant recipient of credit" under Articles 60B and 60L of the FSMA Regulated Activities Order 2001, so the loan is not a regulated credit agreement under that Order. Credicorp Limited is not authorised or regulated by the Financial Conduct Authority for consumer credit lending. Borrowers cannot refer complaints to the Financial Ombudsman Service and are not covered by the Financial Services Compensation Scheme. We operate an internal complaints procedure — please see our complaints policy.

Representative example: A loan of £200 over 30 days at a daily interest rate of 0.25% on the outstanding principal, with a £5 establishment fee, would require a single repayment of £220.00. Total amount payable £220.00. Total cost of credit £20.00.