Refinance Business Loans – Compare UK Lenders Fast

Quick summary: If your company is paying high monthly repayments, juggling multiple facilities, or needs to free up working capital, refinancing could reduce costs and simplify finances. Fast Business Loans does not lend money — we match UK limited companies and LLPs with specialist lenders and brokers who may be able to refinance loans from around £10,000 upwards. Complete a no‑obligation Free Eligibility Check and we’ll connect you to the most relevant providers so you can compare quotes and decide what’s best for your business.

Quick Answer: How Fast Business Loans Helps You Refinance

• Tell us about your business and the borrowing you want to refinance via a short, secure enquiry form.
• We match you with lenders and brokers that specialise in refinancing business debt from £10K and above.
• Providers contact you with options — you compare, ask questions and choose. There’s no obligation to proceed.
• We are an introducer only (not a lender) and do not provide regulated advice; offers are subject to lender assessment.

Start your Free Eligibility Check — it takes less than 2 minutes.

What Is Business Loan Refinancing?

Refinancing business debt means replacing one or more existing borrowing arrangements with a new facility. The aim may be to:

• Reduce monthly repayments by extending the term or lowering the interest rate;
• Consolidate multiple loans, overdrafts or merchant cash advances into a single payment;
• Release secured equity (in property or assets) to fund growth or working capital;
• Switch from a higher-cost specialist lender to a mainstream or specialist product better suited to your sector.

Refinancing is different from simple debt consolidation because the new arrangement may change security, covenants or the term. Always weigh short‑term savings against total cost over the life of the loan.

When Does Refinancing Make Sense for UK Businesses?

Reduce Monthly Outgoings

If rising repayments are squeezing cashflow, refinancing to a longer term or better rate could lower monthly costs. But extending term can increase total interest paid — so check the maths.

Release Working Capital

By remortgaging or refinancing secured assets you may be able to unlock funds for stock, payroll or growth projects.

Consolidate Multiple Facilities

Managing several lenders and repayment dates drains time. Consolidation simplifies administration and can improve negotiating leverage.

Prepare for Growth or Sale

Replacing restrictive facilities (tight covenants or short terms) with a tailored refinance can stabilise finances ahead of investment, acquisition or sale.

See if refinancing could help — Free Eligibility Check

How the Fast Business Loans Matching Process Works

1. Short Enquiry: Complete our form with basic business details and the debt you want to refinance (takes under 2 minutes).
2. Match & Introduce: We connect you to lenders/brokers in our panel who specialise in business refinance.
3. Receive Options: Partners contact you to discuss terms and provide indicative quotes.
4. You Decide: Review offers, ask for full terms, then choose the lender that suits your business. There’s no obligation to proceed.

We only share your details with partners who can realistically help. Submitting an enquiry does not affect your credit score — lenders may perform checks only if you proceed with an application.

Types of Business Refinance Solutions Available

• Term loan refinancing — move existing term debt to a new loan with better pricing or term.
• Debt consolidation loans — combine multiple debts (overdrafts, invoices, short-term loans) into one facility.
• Asset refinance — refinance vehicles, machinery or property to release equity.
• Invoice finance refinancing — switch or restructure invoice discounting/ factoring arrangements.
• Commercial mortgage remortgage — refinance property loans or release equity for business use.
• Specialist restructures — merchant cash advance rollovers or tailored senior/ mezzanine arrangements.

Actual products and availability depend on lender criteria and the business’ circumstances.

Eligibility Snapshot & Required Information

Typical Eligibility Factors

• Minimum loan size: lenders generally consider refinance requests from around £10,000 upwards.
• Trading history: many lenders prefer at least 12–24 months of trading, though specialist options exist.
• Turnover and profitability: lenders assess ability to service the new repayments.
• Security: some refinance deals require asset or property security; others are unsecured but more expensive.
• Credit history: previous defaults or CCJs may limit options but specialist brokers can sometimes help.

Documents Lenders Commonly Request

• Recent business bank statements (3–6 months)
• Management accounts or last two years’ accounts
• Details of existing borrowing and repayments
• Asset valuations or property information if security is involved
• ID and proof of address for directors/partners

Complete our short form and we’ll tell you what lenders are likely to need for your situation.

Interest Rates, Fees & Total Cost Considerations

Refinancing can lower monthly payments, but compare total cost including:

• Arrangement or application fees;
• Early repayment charges on existing facilities;
• Valuation, legal and broker fees;
• Any change in security or covenants that could affect flexibility.

Ask lenders for a full repayment schedule showing APR or total cost over term so you can compare like-for-like.

Benefits & Risks of Refinancing

We present benefits and trade-offs so you can make an informed decision — there are no guarantees of approval.

Real-World Example (Illustrative)

Manufacturing SME with £120k total short-term debt faced volatile monthly outgoings. Fast Business Loans matched them with brokers offering a consolidated term loan that reduced monthly payments by 35% and provided a 12‑month repayment holiday during a busy equipment upgrade period. Result: improved cashflow and a single monthly repayment schedule. (Illustrative; results vary.)

“Submitting an enquiry was quick and we heard from a broker within hours. They recommended a consolidation that eased pressure on our cashflow.” — Anonymous SME director

Step-by-Step: Submit Your Free Eligibility Check

1. Click Get Quote Now – Free Eligibility Check.
2. Enter basic business details and the loan(s) you want to refinance.
3. We match you to lenders/brokers who can help and share your enquiry with them.
4. Receive quotes and choose whether to progress an application.

No cost. No obligation. Quick responses from our panel.

Frequently Asked Questions

Will enquiring affect my business credit score?

No — submitting an enquiry through Fast Business Loans does not affect your credit score. Individual lenders may run credit checks if you decide to proceed with an application.

What loan sizes can be refinanced?

We typically help businesses refinance borrowing from around £10,000 upwards. Larger commercial facilities are also supported via our lender and broker panel.

Can I refinance if I have a poor credit history?

Possibly. Some specialist lenders consider applications with adverse credit records, but options and pricing vary. Be honest on the enquiry form so we can match you to appropriate partners.

How long does the matching process take?

Many brokers and lenders contact businesses within hours during business days. Full refinancing can take several weeks depending on valuation, legal work and lender timelines.

Do you give financial advice or lend directly?

No. Fast Business Loans is an introducer that connects businesses with lenders and brokers. We do not provide regulated financial advice and are not a lender.

Important Information & Disclaimers

Fast Business Loans is an introducer and does not provide loans or regulated financial advice. Any connections we make put you in direct contact with lenders or brokers who assess applications according to their own criteria. Offers are subject to status, credit and lender assessment. Results, rates and eligibility will vary by business and product. We encourage businesses to review full terms and seek independent legal or financial advice where required.

For more detailed guidance on restructuring existing borrowing, see our dedicated guide to refinance loans.

Ready to explore refinance options? Get Started — Free Eligibility Check and we’ll match you with lenders and brokers who can help.

– What is business loan refinancing?
Business loan refinancing replaces one or more existing facilities with a new arrangement to lower repayments, consolidate debt or release working capital.

– Can I consolidate multiple business loans, overdrafts or merchant cash advances into one payment?
Yes—debt consolidation refinance can roll multiple facilities into a single monthly repayment, subject to lender assessment and eligibility.

– What loan sizes can Fast Business Loans help refinance?
We typically match UK limited companies and LLPs looking to refinance from around £10,000 upwards, with larger facilities also available via our lender and broker panel.

– Will completing the Free Eligibility Check affect my business credit score?
No—the enquiry is not a loan application and won’t affect your credit score; credit checks only occur if you decide to proceed with a lender.

– How fast can I get refinance quotes and complete a business refinance?
Many partners respond within hours with indicative terms, while full completion can take days to several weeks depending on valuations, legal work and lender timelines.

– What documents do I need to refinance a business loan?
Lenders commonly request 3–6 months of business bank statements, recent accounts or management figures, details of existing borrowing, director ID, and any asset/property information if security is involved.

– Can I refinance a business loan with bad credit or previous CCJs?
Some specialist UK lenders consider adverse credit, though pricing may be higher and approval remains subject to status and affordability.

– Do you lend money or provide financial advice?
No—Fast Business Loans is an introducer that connects you with lenders and brokers and does not provide regulated financial advice.

– What costs and fees should I consider when refinancing?
Compare total cost including interest rate, arrangement and broker fees, valuations and legal costs, and any early repayment charges on your current facilities.

– Is your service free and am I obliged to proceed once matched?
Yes—our matching service and Free Eligibility Check are free, and there’s no obligation to proceed after you receive quotes.