Refinance Business Loans Faster with Trusted UK Brokers

Summary: Refinancing existing business borrowing can reduce monthly repayments, consolidate multiple debts, release working capital or secure better terms. Fast Business Loans doesn’t lend — we match UK companies (loans from £10,000+) to vetted lenders and brokers who specialise in refinancing. Complete a quick, no-obligation Free Eligibility Check and we’ll introduce you to the right finance partner to review options and provide quotes. Submitting an enquiry won’t affect your credit score.

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What is refinancing and why businesses do it

Refinancing replaces existing borrowing with a new facility, often to secure cheaper repayments, longer terms, or to consolidate several loans into one payment. For UK businesses, refinancing can also free up equity secured against property or assets, move from short-term providers to longer-term lenders, or switch arrangements (for example, from merchant cash advance or hire-purchase into a single secured/unsecured loan).

If you want to explore different refinance approaches quickly, start with a Free Eligibility Check and we’ll match you to lenders and brokers who specialise in your situation: Free Eligibility Check.

How business loan refinancing works

Refinancing can be straightforward or complex depending on the facility type. Typical stages include:

• Initial enquiry and eligibility check (no credit impact).
• Match to suitable brokers/lenders who provide indicative options.
• Submission of supporting documents and formal underwriting.
• Valuation or security checks (if required) and legal completion.
• Drawdown of new facility and settlement of previous borrowing.

Important differences: refinancing is replacing debt; renewing usually means extending an existing facility with the same lender; restructuring may involve changing covenants or splitting facilities. We help you understand which route is likely to be best for your business.

When refinancing makes sense

Common triggers for refinancing:

• Current fixed-rate term ending and market rates are lower (or you want to lock a new fixed rate).
• Rising monthly repayments creating cashflow pressure.
• Multiple short-term debts or merchant cash advances you want to consolidate into one manageable repayment.
• Releasing equity from property or assets to fund growth.
• Better terms, longer repayment period or improved covenants that suit a new business plan.

When it may not make sense: high early repayment charges, weakened business performance making new terms unaffordable, or if refinancing costs outweigh expected savings. Our matched partners will model outcomes so you can decide.

Types of refinance solutions we can introduce

We connect businesses to lenders/brokers who specialise in a wide range of refinance options for UK companies (loans from £10,000 upwards):

• Unsecured business loan refinance — faster approval, no property security; typically for smaller amounts and shorter terms.
• Secured refinance — property-backed commercial mortgages or debentures for larger sums and lower rates.
• Commercial mortgage refinance — remortgage a business property to release equity or secure better terms.
• Asset finance refinance — refinance hire-purchase or leasing to reduce costs or consolidate equipment finance.
• Invoice finance switching — move to a more competitive provider or consolidate multiple invoice finance lines.
• Merchant cash advance consolidation — convert expensive daily/weekly repayments into a single fixed-term loan.

For more detail on refinancing secured and unsecured arrangements see our pillar guide on /refinance-loans.

Benefits & considerations

Potential benefits:

• Lower monthly repayments or interest costs.
• Simplified administration by consolidating multiple creditors.
• Release working capital or equity for investment.
• Improved cashflow predictability with a single term loan.

Key considerations and risks:

• Arrangement fees, valuation and legal costs can offset savings.
• Early repayment charges on existing facilities.
• New security requirements or personal guarantees may be requested.
• Refinancing should improve affordability — lenders will underwrite accordingly.

Step-by-step: Refinancing via Fast Business Loans

1. Submit a short enquiry — tell us basic business details and what you want to achieve. It takes under two minutes and won’t affect your credit file: Free Eligibility Check.
2. We match you — we review your needs and introduce you to vetted lenders or brokers who specialise in your sector and loan size.
3. Discuss options — your matched partner contacts you to provide indicative proposals and explains next steps and likely documentation.
4. Apply and complete — if you choose to proceed, the lender/broker will complete underwriting and legal work to drawdown the new facility and settle existing loans.

There’s no obligation to proceed and our introduction is free for businesses. Lenders may run credit searches later with your permission during formal applications.

Documents lenders commonly request

Prepare these to speed the process:

• Latest 1–3 years’ company accounts and management accounts.
• Business bank statements (typically 3–6 months).
• Current loan/HP statements and repayment schedules.
• Cashflow forecast and turnover details.
• Details of securities (property deeds, asset lists) and any existing charges.
• Director ID and proof of address.

Sector-focused refinance expertise

Different sectors have different lending criteria. We introduce partners with specialist knowledge for:

• Construction & trades (project seasonality, retentions)
• Hospitality & leisure (seasonal cashflow)
• Retail & eCommerce (stock cycles)
• Manufacturing & engineering (asset-backed finance)
• Transport & logistics (vehicle/ fleet refinance)

Tell us your sector when you submit your enquiry and we’ll match you with specialists who understand the nuances of your industry.

Case study snapshots

Hospitality refinance (anonymised) — A seasonal hotel consolidated two merchant advances and a short-term unsecured loan into a single secured loan over a longer term. Outcome: monthly cashflow improved and they funded a kitchen upgrade.

Manufacturing consolidation (anonymised) — A manufacturer refinanced hire-purchase agreements into asset finance with one lender, reducing admin and slightly lowering effective interest costs while keeping machinery on the books.

Each situation is unique and past outcomes don’t guarantee future results. Our matched brokers/lenders will assess your case individually.

Costs & fees to expect

Common charges include lender arrangement fees, broker fees (if applicable), valuation and legal costs, and any early repayment charges from your existing lender. Fast Business Loans does not charge UK businesses for introductions — our partners pay commission on completed deals. Always ask for a clear breakdown of all fees before proceeding.

Frequently asked questions

Will submitting an enquiry affect my credit score?

No — submitting our enquiry does not affect your credit score. Lenders may carry out credit checks later during formal applications with your consent.

What’s the minimum loan size you can help with?

We introduce refinance options for business loans from around £10,000 upwards.

Can you refinance commercial mortgages and property loans?

Yes. We can introduce brokers/lenders who specialise in commercial mortgage refinance and remortgage to release equity or secure better terms.

How long does refinancing usually take?

Timescales vary. Unsecured refinancing can complete in days; secured or property-backed refinancing typically takes several weeks to allow for valuations and legal work.

Do you lend directly?

No. Fast Business Loans is an introducer. We connect you with lenders and brokers who will handle applications and funding directly.

Glossary: Key refinance terms

• APR — Annual Percentage Rate, total cost including interest and fees.
• LTV — Loan-to-value; percentage of asset value a lender will lend against.
• Early repayment charge — Fee for settling an existing loan before its term ends.
• Debenture — A legal charge over company assets used as security.

Why choose Fast Business Loans for refinance introductions

We save time by matching you to lenders and brokers that fit your needs and sector. Our service is free to businesses, quick, and non-binding. We are an introducer — not a lender — and we help you compare options so you can make an informed choice. Start with a short enquiry and get matched to specialists: Get Quote Now.

Ready to explore your refinance options?

If you’re considering consolidating debts, reducing monthly repayments, or releasing working capital, start with a Free Eligibility Check. It takes less than two minutes and won’t affect your credit record — we’ll connect you to lenders and brokers who can advise on the best next steps: Free Eligibility Check.

Fast Business Loans is an introducer, not a lender, and does not provide financial advice. Submitting an enquiry is free and no obligation; finance is subject to status and lender approval.

Q: What is business loan refinancing and why do UK companies do it?
A: It replaces existing borrowing with a new facility to lower monthly repayments, consolidate debts, release working capital or secure better terms.

Q: When does refinancing make sense for my business?
A: It’s often worthwhile when rates have improved, cashflow is tight, you want to consolidate multiple short‑term debts, or you need to release equity from property or assets.

Q: Will submitting the Free Eligibility Check affect my credit score?
A: No—our enquiry is a soft check that won’t impact your credit score; lenders may run checks later with your consent during a formal application.

Q: Do you lend directly?
A: No—Fast Business Loans is an introducer that connects UK businesses with vetted lenders and brokers who handle applications and funding.

Q: What loan sizes can you help refinance?
A: We typically introduce refinance options from around £10,000 upwards, with larger amounts available depending on security and affordability.

Q: How long does business loan refinancing take?
A: Unsecured refinancing can complete in days, while secured or property‑backed deals usually take several weeks to allow for valuations and legal work.

Q: What types of refinance can you introduce?
A: We can introduce unsecured and secured refinance, commercial mortgage refinance, asset finance refinance, invoice finance switching, and merchant cash advance consolidation.

Q: What documents do lenders usually require for refinancing?
A: Expect to provide recent accounts and management accounts, 3–6 months’ bank statements, current loan/HP statements, a cashflow forecast, security details, and director ID/proof of address.

Q: What costs and fees should I expect when refinancing?
A: Common costs include lender arrangement and broker fees (if applicable), valuation and legal fees, plus any early repayment charges—our introduction service is free to businesses.

Q: Is your enquiry form an application, and am I obliged to proceed?
A: No—the form is a quick, no‑obligation matching enquiry (not a loan application), and you choose whether to proceed after reviewing options.