What is business loan refinancing?

Refinancing means replacing one or more existing business borrowing facilities with new finance on different terms. For SMEs this can involve:

• Consolidating multiple loans into a single facility
• Moving from higher interest or short-term debt to longer-term, lower-cost options
• Switching asset or equipment finance to release cash
• Refinancing commercial mortgages or bridging exits

Fast Business Loans does not supply funds. We introduce your enquiry to lenders and brokers who specialise in refinancing and will discuss suitable options for your company and circumstances.

When does refinancing make sense for UK businesses?

High interest or outdated terms

If your current debt carries high rates or restrictive covenants, refinancing to a lower-rate or more flexible product can reduce monthly repayments and free up cash for operations.

Managing cash flow or seasonal peaks

Refinancing can extend terms, smooth payments, or replace short-term overdrafts with structured facilities timed to your revenue cycle.

Debt consolidation & simpler admin

Combining multiple credit lines into one loan reduces paperwork and administrative burden—helpful for finance teams and owners.

Unlocking equity or funding growth

Releasing equity from asset finance or commercial property can provide capital for new projects, equipment or working capital to expand.

Free Eligibility Check — quick, no credit impact. We only share details with partners who can help.

Types of refinance solutions our partners offer

Our panel includes brokers and lenders offering a wide range of refinance products. Exact availability depends on lender criteria.

• Business loan refinance — secured and unsecured options for consolidation or cost reduction.
• Asset & equipment refinance — refinance existing hire-purchase or leasing agreements to release working capital.
• Invoice finance refinance — switch providers or re-structure facilities to improve liquidity.
• Commercial mortgage & property refinance — reprice mortgages or release equity for investment.
• Merchant cash advance refinancing — refinance short-term advances into longer term loans where possible.
• Bridging loan exit strategies — refinance short-term bridging into permanent finance.

Note: product names and features vary across lenders. Our role is to match you with partners able to advise on appropriate options.

How our free matching service works

We keep the process fast and simple so you can explore refinance options with minimal effort:

1. Complete a short enquiry — takes less than two minutes and does not affect your credit score. Get Started – Free Eligibility Check.
2. We shortlist partners — we match your business profile, sector and refinance needs to lenders or brokers from our panel.
3. Partner contact — selected partners contact you with tailored options and next steps.
4. You decide — compare quotes and proceed with the lender or broker that best suits your business. There’s no obligation to accept any offer.

We handle introductions only; lenders or brokers will complete full affordability checks if you decide to proceed.

Eligibility snapshot & documents you may need

Typical criteria lenders consider

Common factors include company turnover, trading history, credit profile, existing security and the strength of management accounts.

Documentation lenders often request

• Latest company accounts and management accounts
• Existing loan agreements and repayment history
• Business plan or cashflow forecasts (for larger refinances)
• Asset valuations (for secured facilities)

Adverse credit?

If your business has adverse credit, alternative lenders and specialist brokers in our panel may still be able to help. Expectations should be realistic and options are evaluated transparently.

Check Eligibility Now

Costs, fees and repayment considerations

Refinancing can save money but may also incur costs. When comparing offers, consider:

• Interest rate and APR or total cost of credit
• Arrangement or broker fees
• Early repayment charges on existing facilities
• Valuation, legal and administrative costs for secured finance

Always compare the total cost over the expected term and check whether a lower monthly payment means paying more interest over a longer period.

Benefits of refinancing

• Lower monthly repayments — freeing cash for day-to-day operations.
• Improved cashflow predictability — simpler repayment schedules and fewer rolling facilities.
• Access to additional capital — release equity or move to larger facilities to fund growth.
• Consolidation — one repayment and one point of contact vs multiple lenders.
• Switch to more suitable terms — e.g., fixed-rate stability or flexible repayment holidays.

Risks and points to watch

• Arrangement fees and upfront costs can offset interest savings.
• Securing refinance against assets may increase risk to owned property or equipment.
• Longer terms can increase total interest paid.
• Variable-rate products expose you to future rate rises.

If unsure, ask the broker or lender for a full breakdown and consider independent financial advice where appropriate.

Industry-specific refinance support

Our partners have experience across sectors including construction, hospitality, retail and e-commerce, manufacturing, agriculture, and logistics. Sector-experienced brokers can usually structure refinancing that reflects seasonal cashflow, project timings and asset types.

Customer journey example (illustrative)

A mid-sized manufacturing limited company had three equipment finance agreements and a short-term overdraft. Their repayments were concentrated in Q4, creating seasonal pressure. After a Free Eligibility Check through Fast Business Loans, a specialist broker contacted them, combined the equipment finance into a single secured facility with a longer term, and replaced the overdraft with a revolving invoice finance facility. Outcome: smoother monthly cashflow and an additional £50,000 of working capital for a new contract.

Why choose Fast Business Loans for refinance matching?

Fast Business Loans offers:

• Speed — quick enquiry and rapid partner matches.
• Vetted partners — brokers and lenders experienced in UK SME refinance.
• Free, no-obligation introductions — no cost to you for matching.
• Simple process — fewer forms and faster answers than searching multiple lenders.

We focus on connecting you with the right partner to discuss refinance loans and structure, whether you need consolidation or to release capital.

Learn more about specific refinance products and guides on our pillar page about refinance loans.

Ready to explore your refinance options?

Complete our short enquiry and we’ll match your business with lenders and brokers who can help. It’s quick, free and won’t affect your credit score.

Get Quote Now

No obligation. No initial credit check. Fast Business Loans is an introducer and does not provide loans or financial advice.

Business Refinance FAQs

Is Fast Business Loans a direct lender?

No. Fast Business Loans is an introducer only. We connect your enquiry to lenders and brokers who will offer finance directly.

Will checking my refinance options affect my credit score?

No — submitting an enquiry for matching does not affect your credit score. Lenders or brokers may carry out credit checks only if you decide to proceed with an application.

What sizes of refinance loans are available?

Our partners typically handle refinance loans from around £10,000 upwards. Exact limits depend on the lender and product.

How quickly can refinancing complete?

Timescales vary by product. Simple unsecured refinances or invoice finance switches can be completed in days to weeks; secured or mortgage refinances often take longer due to valuations and legal processes.

Can businesses with adverse credit get refinancing?

Possibly. Specialist lenders and brokers on our panel may offer options, but terms will reflect the risk profile. We aim to match you to partners experienced in handling adverse credit cases.

Do you charge to introduce me to lenders or brokers?

No. Our matching service is free for businesses. Any fees charged are those of the lender or broker you choose to proceed with, which should be clearly disclosed before you accept.