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Definition
Day-one funding is the sum advanced immediately on completion of a facility, as distinct from later tranches or milestone-based drawdowns.
In plain terms
It is "how much lands in the account today?" — the figure that matters when you need cash now, not in three months.
Why it matters for your company
When comparing offers, the headline limit matters less than the day-one figure if your need is immediate. Credicorp funds fast — see how much you could access via a business credit facility.
Related reading
Tranche
A tranche is a slice of a larger facility with its own terms — letting a loan be drawn in stages or split…
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Drawdown
Drawdown is the act of taking money from a loan or credit facility that has already been agreed — accessing…
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Committed facility
A committed facility is credit the lender is legally bound to provide up to an agreed limit — certainty you…
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Advance rate
The advance rate is how much of an asset's value a lender will lend against — 80% of invoices, say. The gap…
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.