Refinance Business Loans: Smarter ways to restructure UK business debt

Quick summary: Refinancing can lower monthly repayments, consolidate high-cost borrowing, release capital or secure longer-term financing. Fast Business Loans doesn’t lend — we match your company with brokers and lenders who specialise in refinance deals from around £10,000 upwards. Submit a short enquiry (no impact on credit) and receive matched options quickly so you can compare terms and act with confidence. Get started with a Free Eligibility Check.

Why refinance your business loan now?

Refinancing means replacing an existing business loan or credit facilities with a new arrangement that better suits your current needs. UK market conditions, changes in interest rates, improved trading performance or the need to simplify monthly cashflow all make refinancing an attractive option.

Common benefits include lower interest costs, extended terms to reduce monthly payments, consolidation of multiple facilities into a single repayment and unlocking equity or assets as working capital. If your business has grown, or your sector’s funding options have evolved, refinancing can give you breathing space to invest or stabilise cashflow.

Free Eligibility Check

How Fast Business Loans helps you refinance swiftly

We act as a fast, free introducer between your business and a panel of UK lenders and brokers with refinance expertise. We do not provide finance or advice, but we do help you reach the right finance partner quickly.

Our simple 4-step process:

• 1. Quick Enquiry — tell us a few details about your business and borrowing (takes 2 minutes).
• 2. Intelligent Match — we connect you with partners suited to your sector and needs.
• 3. Rapid Response — matched brokers/lenders contact you to discuss options and costs.
• 4. Compare & Decide — review offers and choose the route that works best for you.

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Key reasons UK businesses choose to refinance

• Lower repayments: Move to a lower rate or longer term to free up monthly cashflow.
• Consolidate debt: Merge multiple high-cost facilities into one streamlined loan.
• Release capital: Remortgage or refinance asset-backed borrowing to access equity.
• Improve terms: Swap expensive short-term finance for more flexible facilities.
• Protect cash flow seasonally: Smooth payments for seasonal trading patterns.

Refinance products we can help you access

Depending on size, security and purpose, lenders offer different refinance options. We can match you to brokers who specialise in:

Secured business refinance

Lower rates for loans secured against property or high-value assets. Typical amounts: £50k+. Useful for large balances where security is available.

Unsecured refinance

For businesses with shorter-term borrowing needs and strong cashflow; amounts often from £10k upwards but at higher rates and stricter criteria.

Asset & equipment refinance

Release or refinance against plant, machinery or vehicles; quick turnaround where assets are the security.

Commercial mortgage refinancing

Refinance commercial property loans to improve terms or release equity for investment.

Sector-specific solutions

Bespoke refinance packages for hospitality, construction, manufacturing and other specialist sectors.

Want to compare options tailored to your business? Get Started — Free Eligibility Check

For a deeper look at refinancing commercial mortgages and property-backed options see our guide to refinance loans for businesses: refinance loans.

Eligibility checklist: are you ready to refinance?

Typical requirements lenders will consider:

• Limited company trading history (usually 12+ months preferred).
• Annual revenue and cashflow evidence consistent with repayments.
• Management accounts, bank statements and company accounts.
• Details of existing borrowing, balances and any early repayment charges.
• Asset valuations if offering security (property, plant, vehicles).
• Director information and any adverse credit history — full disclosure helps match to suitable lenders.

If you’re unsure whether you meet criteria, start with a Free Eligibility Check — it’s quick and has no impact on your credit file.

Step-by-step: what happens after you enquire

1. Submit the short enquiry (company details, loan amounts, purpose).
2. We match you to a shortlist of lenders/brokers who fit your profile.
3. Matched partners contact you to run affordability checks and request documentation.
4. Receive indicative offers, compare costs and decide whether to proceed to formal application.
5. Complete lender due diligence — once approved, funds or refinancing completion follows.

All introductions are no-obligation. Your matched broker or lender will confirm timescales and fees once they assess your file.

What refinancing could cost: rates, fees & terms explained

Rates and fees vary widely by product, security and business credit profile. Common costs to expect:

• Interest rate (fixed or variable) — depends on lender and security.
• Arrangement or facility fee — a one-off charge to set up the facility.
• Valuation fees for property or assets used as security.
• Early repayment charges on your existing loan — factor these into any refinance calculation.
• Broker fees — some brokers charge a broker fee, others are paid by the lender; your matched partner will clarify.

Always request a clear breakdown of all charges before committing. Fast Business Loans helps you get matched so you can compare like-for-like.

Real-world outcomes: sample scenarios

Frequently asked questions about business refinancing

Will checking my eligibility affect my credit score?

No — an initial enquiry with Fast Business Loans does not impact your credit file. Lenders may perform credit checks at the formal application stage.

How long does refinancing take?

Small, unsecured refinances can complete in under two weeks. Secured and property-backed deals are typically slower (2–8 weeks) depending on valuations and legal work.

Can I refinance if I’ve had a previous loan refusal?

Possibly. We work with a broad panel, and some lenders specialise in higher-risk or specialist cases. Be transparent about past issues so we can match you appropriately.

Do you guarantee I will be approved?

No. We cannot guarantee approvals. We do, however, introduce you to lenders/brokers who are more likely to consider your case based on the information you provide.

What minimum loan size do you support?

We typically work with facilities from around £10,000 upwards.

Why UK SMEs trust Fast Business Loans — Ready to restructure your finance?

Fast Business Loans makes it simple to explore refinance options without wasting time or harming your credit profile. Our free service matches you to lenders and brokers who understand your sector and funding needs. If you’d like to see tailored options and speak to experts, complete a short enquiry now.

Get Matched — Free Eligibility Check

– What is a business loan refinance and how does it work? Answer: It replaces your existing borrowing with a new facility to reduce costs, consolidate debt, extend terms or release capital, and Fast Business Loans matches you with UK lenders/brokers to arrange it.

– Can I consolidate multiple business loans into one refinance facility? Answer: Yes, many UK lenders allow consolidation into a single refinance arrangement subject to affordability and criteria.

– Will submitting an enquiry affect my business credit score? Answer: No, the free eligibility check is an enquiry (not an application) and won’t impact your credit score, though lenders may run checks if you proceed.

– How quickly can I complete a refinance and access funds? Answer: Unsecured refinances can complete in 5–15 working days, while secured/property-backed deals typically take 2–8 weeks due to valuations and legal work.

– Do I need security to refinance my business loan? Answer: It depends on the loan size and risk profile, with options for unsecured, asset-backed and property-backed refinancing.

– What refinance loan amounts are available? Answer: Our partners typically consider facilities from around £10,000 upwards, with higher amounts available when assets or property are offered as security.

– What costs and fees are involved in refinancing? Answer: Expect interest, arrangement or broker fees, valuation costs and any early repayment charges on your existing facility, all outlined by your matched broker.

– What documents will lenders usually require? Answer: You’ll typically need recent bank statements, management and annual accounts, details of current borrowing and asset valuations if offering security.

– Can I refinance if I’ve been declined before or have adverse credit? Answer: Possibly, as we work with a broad panel including lenders who consider specialist or higher-risk cases where affordability is demonstrated.

– Is Fast Business Loans a lender and is there any obligation to proceed? Answer: No, we’re an introducer that connects UK businesses with suitable lenders and brokers, and there’s no obligation to proceed after you’re matched.