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The cost is on what you draw
Unlike a loan, a facility charges only on the drawn balance, so affordability depends on how much you actually expect to use, not the headline limit. A small non-utilisation fee may apply to undrawn headroom.
Model it
Estimate your typical and peak drawing, price the cost of that, and check it fits your cash flow. Because you pay on usage, a facility is often affordable even at a limit above your usual need.
What it means for you
Credicorp lends to your company, not to you personally, and takes no personal guarantee. See business loans or apply online.
Frequently asked questions
Do I pay for the whole facility limit?
No. You pay on the balance you draw, not the unused headroom, though a small non-utilisation fee sometimes applies. Model the cost of your realistic drawing to judge affordability.
Is a facility more affordable than a loan?
For an on-off need, often yes, because you pay only on what you draw. For a steady, fully used amount, the cost is similar to a loan.
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Read →Funding for UK limited companies
Credicorp lends to your company, not to you personally — short-term working capital with no personal guarantee. See what your business could access.