We're adding a third product to the Credicorp range today, and we want to explain why and what it is. Credicorp Slice is a BNPL-style split-payment service built for UK incorporated bodies corporate — limited companies and LLPs — that need to pay a one-off business bill but cannot easily lift the whole amount in a single hit.
What it does
You tell us about a specific bill — a supplier invoice, a quarterly VAT payment, a utility renewal, a one-off repair — and we pay it in full today. You then repay us in three or four instalments across the next three to eight weeks. There is no personal guarantee, the total cost is capped at 100% of the bill, and you can repay early at any time with no penalty.
Why we're doing it
Two reasons. The first is that customers keep telling us the same story — a bill lands at an awkward moment, paying it would empty the buffer, and a full short-term loan is more product than they need for £600 of stock or a £900 VAT bill. The second is that small-business cash-flow data is unambiguous on this: the average UK SME is owed thousands of pounds in late payments at any given time, and that gap is exactly where a short, transparent slice helps.
How it sits alongside our existing products
We now have three products that cover different shapes of business borrowing:
- Business Loan — a fixed-sum bridging loan of £50–£500 over 14–84 days. Best for known one-off needs that fit that range.
- Credicorp Flex — a revolving credit facility. Best for businesses that want a limit they can draw from repeatedly.
- Credicorp Slice — split-payment for a specific bill. Best for one-off business obligations between £50 and £2,000.
The same eligibility rules apply across all three. UK limited company or LLP, trading at least six months, director age 18+ with a UK address, UK business bank account with at least three months of activity.
The honest framing
Slice is short-term business credit, and we want to be clear about what that means. It is not regulated consumer credit because the borrower is the company, not an individual — that puts the agreement outside the FCA's consumer-credit perimeter under Article 60B FSMA RAO 2001. The Financial Ombudsman Service and the Financial Services Compensation Scheme do not apply. We voluntarily hold ourselves to the same fairness standards across all three of our products: responsible lending, plain figures, supportive handling of payment difficulty, and an honest complaints process.
What you can do today
If a Slice would help, the product page walks through how it works in plain English — the figures, the eligibility list and the worked example. The apply page takes about five minutes; you'll need a copy of the bill (PDF, photo or screenshot) and the supplier's bank details.
If you'd rather talk before you apply, our contact page has the details. As ever, our hardship line is in the same place — if your business is going through a tight patch, please talk to us early.
Common questions about Credicorp Slice
What types of business bills can Credicorp Slice cover?Slice is designed for one-off business bills from suppliers — things like equipment invoices, professional services invoices, or trade supplier bills. It pays the supplier in full on the day, and you repay Credicorp in three or four instalments over the following weeks.
How does Slice differ from a business loan?A Slice pays a specific supplier directly on your behalf — you do not receive cash. A business loan puts funds into the company bank account for you to allocate. Slice is better suited to paying a specific bill; a business loan is better suited to broader working-capital needs or emergencies.