Refinance Business Loans: Compare UK Lenders Fast

Summary: Refinancing can reduce monthly costs, release cash, or consolidate multiple facilities. Fast Business Loans is an introducer that helps UK limited companies and SMEs (loans from £10,000+) by matching them with lenders and brokers best placed to offer refinance business loans. Our free, no‑obligation enquiry helps you compare options quickly without affecting your credit score. Ready to see your options? Get Started — Free Eligibility Check

Is refinancing the right move for your business?

Refinancing means replacing existing borrowing with a new facility on different terms. In practice that can mean one or more of:

• Consolidating multiple debts into a single loan to simplify repayments.
• Switching to a lower rate or longer term to reduce monthly outgoings.
• Releasing equity or cash tied up in assets to fund growth or working capital.
• Restructuring facilities (e.g. switching from HP to term loan or re‑gearing a revolving facility).

Businesses commonly refinance to improve cash flow, reduce cost, or to buy time while restructuring. It’s worth exploring if your current repayments are squeezing operations or if you’ve improved performance since you took the debt out.

Curious if you qualify? Free Eligibility Check — Get Quote Now

Why UK businesses choose Fast Business Loans for refinancing

• We don’t lend — we introduce. That means impartial matching to lenders and brokers who can meet your needs.
• Speed: expect an initial response from our panel often within hours of enquiry.
• Sector knowledge: we connect you to partners who understand sectors such as construction, hospitality, manufacturing, logistics, healthcare and more.
• No fee to you for the introduction and no obligation to proceed.

“We refinanced a £150k hire purchase into a single term loan and saved £1,200 a month. Fast Business Loans matched us to a broker who understood our sector.” — anonymised SME example

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The Fast Business Loans matching process

Step 1: Share your scenario

Complete a short enquiry and tell us the amount to refinance (we typically handle requests from £10,000 upwards), what you’re refinancing and a few business details. This takes around 2 minutes and does not count as a loan application.

Step 2: Tailored matches

We match your details to lenders and brokers from our panel who specialise in your sector and situation. Matches are selected to maximise the chance of a suitable quote.

Step 3: Compare offers

Matched lenders/brokers will contact you directly with offers or to request supporting documents. You compare and decide — there’s no obligation to accept.

What to expect after submission

• An email confirming your enquiry and which partners we’ve shared it with.
• A broker or lender will usually make contact to discuss next steps.
• Any formal credit checks are only carried out by lenders with your consent.

Get Started — Free Eligibility Check

Types of refinance solutions our partners can source

Our panel can help source a wide range of refinance solutions depending on your needs and the lenders’ appetite:

For more detail on the types of refinance available, see our dedicated refinance loans resource: refinance business loans.

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Eligibility snapshot & documents lenders commonly request

Typical eligibility criteria (varies by lender):

• UK limited companies and trading businesses (no sole traders or professional-only facilities).
• Minimum refinance amount generally £10,000 and above.
• Trading history often required (varies — some lenders will consider shorter trading periods).
• Accepts a range of credit profiles; some specialist partners focus on stronger performance, others on turnaround situations.
• Security: secured or unsecured options depending on product and size.

Documents commonly requested

• Recent management accounts or filed accounts
• Business bank statements (typically 3–6 months)
• Details of existing debts and repayment history
• Asset valuations (if secured against property/equipment)

If you’ve been declined before, our panel includes brokers who specialise in harder cases — it’s often worth trying a matched route. See If You Qualify

Costs, rates and what influences your refinance quote

Costs vary by lender and product. Key factors that affect your quote:

• Loan amount and term — larger loans and longer terms often attract lower monthly cost but more interest overall.
• Credit profile and credit history of the company and directors.
• Sector risk — some industries face higher pricing due to perceived volatility.
• Security provided — secured loans usually offer better rates.
• Fees — arrangement fees, valuation fees, exit fees on existing agreements.

When comparing offers focus on:

• Representative APR or total cost of credit (where applicable).
• All fees (arrangement, legal, valuation, early repayment charges).
• Repayment flexibility and early settlement terms.

Fast Business Loans aims to be transparent: we only introduce you to providers — final terms, pricing and acceptance are set by the lender. Get Personalised Quotes

Refinancing strategies for common business scenarios

Managing cashflow pressure

Extend term or combine short-term debts into a single lower-cost term loan to reduce monthly pressure. Example: consolidate three facilities into one 36‑month loan to lower monthly liability.

Lowering monthly repayments

Switch to a longer term or to a secured facility to secure a lower rate — weigh longer interest cost vs short-term relief.

Refinancing asset finance

Pay out HP or leasing agreements and refinance into a new asset finance package that better matches the remaining life of the asset.

Consolidating post-growth borrowing

Combine multiple facilities taken during rapid growth to simplify administration and potentially reduce blended costs.

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Preparing your business for a smooth refinance journey

Checklist before you enquire:

• Review existing agreements — note rates, outstanding balances and early repayment charges.
• Compile recent accounts and bank statements.
• Check company credit files and correct any errors.
• Decide target outcomes — lower monthly cost, cash release, consolidation, or shorter term.

Having clearer objectives speeds the matching process and improves the quality of quotes you receive. Talk to a specialist — Get Quote Now

Why matching with trusted brokers and lenders matters

Good matching increases the chance of a successful refinance and minimises wasted time. Our introductions connect you to partners who:

• Understand your industry and the lenders that will consider your circumstances.
• Can structure deals that balance cost, security and repayment flexibility.
• Provide realistic next steps so you can compare options fairly.

Important information:

FAQs: Refinance Business Loans

Will submitting an enquiry affect my credit score?

No — submitting an enquiry through Fast Business Loans does not affect your credit score. Lenders may run checks later with your consent.

How quickly can refinancing complete?

Timescales vary: some straightforward refinancing can complete in a few weeks; more complex or secured facilities (e.g. mortgages) may take longer.

Are there fees for using Fast Business Loans?

No — it is free for businesses to use our introduction service. Lenders may charge fees depending on the product.

Do I need to provide security?

Not always. Unsecured options exist for smaller loans, but secured facilities often offer lower rates for larger refinance amounts.

Can I refinance if I’ve had arrears or CCJs?

Possibly — because our panel includes lenders and brokers with different appetites, some may consider cases with previous credit issues. Full disclosure is important.

What industries do you cover?

We support many sectors — construction, hospitality, manufacturing, logistics, healthcare, retail and more. Our partners include specialists across these industries.

What happens if I decide not to proceed?

There’s no obligation to accept any offer. You can stop at any point with no penalty from Fast Business Loans.

Start My Enquiry — Free Eligibility Check

Next steps: start your refinance enquiry

Refinancing can be a powerful tool when used for the right reasons. If you want to explore your options and compare quotes from lenders and brokers who understand your business, complete our short enquiry now — it’s free and takes less than 2 minutes.

Get My Refinance Quotes — Free Eligibility Check

Fast Business Loans connects UK businesses with lenders and brokers to source business finance solutions. We do not lend and do not provide regulated financial advice. All finance is subject to lender assessment and terms.

– What is a refinance business loan and how does it work?
A refinance business loan replaces your existing borrowing with a new facility on different terms to lower monthly repayments, consolidate debts, or release cash.

– Can I consolidate multiple business loans into one repayment?
Yes, debt consolidation lets you replace several facilities with a single term loan to simplify admin and often reduce monthly costs.

– What loan amounts and terms can I refinance?
Our partners typically consider £10,000+ for SMEs, with 1–7 year terms for term loans and 5–25 years for commercial mortgage refinance, subject to lender criteria.

– How fast can refinancing complete?
You’ll usually get matched responses within hours and, depending on complexity, completion can take from a few weeks (simple/unsecured) to longer for secured or property‑backed facilities.

– Will submitting an enquiry affect my credit score?
No, the enquiry is not a loan application and won’t affect your credit score; any formal checks are done later by lenders with your consent.

– What documents do I need for a refinance quote?
Lenders commonly request recent management or filed accounts, 3–6 months’ business bank statements, details of existing debts, and asset valuations if security is used.

– Can I refinance with bad credit, arrears or CCJs?
Potentially yes, as some specialist lenders on our panel consider adverse credit cases, though pricing and terms depend on full assessment.

– Do I need to provide security for a refinance business loan?
Not always; smaller amounts may be unsecured while larger or asset‑backed deals are often secured and can attract lower rates.

– What costs and rates should I expect when refinancing?
Rates and fees vary by loan size, term, credit profile, sector risk, and security, and may include arrangement, valuation, legal and early repayment charges—compare total cost.

– How does Fast Business Loans’ free matching service work?
Complete a quick enquiry, we introduce you to suitable UK lenders and brokers who provide quotes directly, and you choose whether to proceed with no obligation.