2 min read
The sudden hole
A payment you'd banked on failing — a bounced cheque, a returned direct debit — leaves you short exactly when your own bills are due. There's no time to wait for it to be re-sent.
Cover the gap now
A short working-capital facility bridges the shortfall so your own payments aren't missed. Meanwhile you chase the failed payment, applying late-payment interest where it's due.
Reduce the exposure
Where reliable, ongoing income is at risk of bouncing, invoice finance smooths it by releasing cash as you bill rather than when the customer's payment clears.
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 when the numbers work.
Frequently asked questions
What do I do if a customer's payment bounces?
Chase it immediately, apply late-payment interest where due, and bridge your own bills with a short facility so a single failed payment doesn't cascade into your own arrears.
How do I stop relying on payments that might bounce?
Invoice finance releases cash as you raise invoices rather than when payments clear, and tighter credit control reduces the risk. Together they cut your exposure to a single failed payment.
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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.