Refinance Business Loans: Compare Options with Fast Business Loans

Summary: Refinancing business loans can reduce monthly repayments, consolidate multiple debts, switch to a fixed rate, or release equity from assets. Fast Business Loans is an introducer that connects UK limited companies and growing SMEs (loans from £10,000+) with specialist lenders and brokers to explore suitable refinance options. Complete a quick, no‑obligation Free Eligibility Check to get matched with lenders who understand your sector — submitting an enquiry does not affect your credit score.

Free Eligibility Check — Get Matched Today

Fast Business Loans is an introducer, not a lender. Completing our form won’t affect your credit score. No obligation to proceed.

What is business loan refinancing?

Refinancing means replacing existing borrowing with a new facility that better matches your current needs. That could be one loan replacing several (consolidation), switching a variable rate to a fixed rate, moving unsecured debt onto a secured product, or refinancing a commercial mortgage to release equity.

Refinancing is different from restructuring (which often changes the terms of an existing agreement with the same lender) and from debt advice or insolvency solutions. It’s a way to reorganise your finance to reduce cost, improve cash flow or free capital for growth.

Infographic idea: “Before vs After” showing monthly repayments, lender count and interest rate — useful for publishers/designers.

When does refinancing make sense?

• You’re paying multiple loans and want to simplify monthly outgoings.
• Rising variable rates have pushed repayments higher and you want certainty with a fixed rate.
• You need to release capital tied up in property or assets to invest in growth.
• Your credit profile or turnover has improved since you took the original loan.
• Early repayment charges on an existing facility are lower than the savings from a new deal.

When refinancing may not be suitable: If early repayment penalties outweigh potential savings, if your business is shortly facing a major downturn, or if the refinancing adds inappropriate security or personal guarantees. Always weigh total costs and commercial impact.

Benefits & potential drawbacks

Compliance note: Always review the total cost of credit and any security or guarantee implications before proceeding. Specialist advice may be appropriate for complex cases.

Types of business refinance solutions we can arrange

Commercial mortgage refinance

Refinance an existing commercial mortgage to access better rates, reduce monthly payments, or release equity for investment. Typical loan sizes: £100k upwards; terms often 5–25 years depending on lender and property security.

Asset & equipment refinance

Refinance existing asset finance (machinery, vehicles) to consolidate payments or extend terms. Useful for manufacturing, logistics, and construction businesses. Loan sizes vary from £10k upwards.

Business loan consolidation

Consolidate multiple business loans into one facility to simplify repayments and potentially reduce average cost. Suitable for companies with multiple short-term borrowings.

Invoice finance refinance

Switch invoice finance or factoring arrangements to alternative providers for better rates, improved advance rates or broader product features (selective invoice finance, full factoring).

Merchant cash advance refinance

Explore alternatives if a Merchant Cash Advance is proving costly. Some lenders can refinance MCA-style debt into a term loan to lower costs.

Discuss Your Refinance Options — Free Eligibility Check

How Fast Business Loans matches you with refinance specialists

1. Complete a short enquiry telling us about your business, current debt and objectives.
2. We assess your needs and select specialist lenders or brokers from our panel who handle refinance requests like yours.
3. Your details are shared discreetly with matched partners; they review and contact you with options.
4. You compare offers, decide which to pursue, and the chosen lender/broker manages the application through to completion.

Typical response times: many partners contact within hours; more complex secured refinances can take several weeks to complete. We do not perform credit checks — lenders/brokers may do so only when you opt to proceed with an offer.

Get Quote Now — takes under 2 minutes. No credit score impact.

Eligibility snapshot & documents you’ll usually need

Common documents requested: recent management accounts, VAT returns, bank statements (3–6 months), existing loan agreements and any security documentation. Requirements vary by lender; your matched broker will confirm specifics.

Understanding costs, rates & fees

Interest rates depend on loan size, loan-to-value, sector risk, and credit profile. Additional costs to consider include arrangement fees, valuation fees, early repayment charges and potential broker fees charged by the lender or broker.

Always ask for the APR or Total Amount Payable so you can compare like‑for‑like. If refinancing a secured facility, be clear about any change in security and its implications.

For more detail on restructuring existing loans, read our specialist guidance on refinance loans.

Real‑world scenarios (illustrative)

Illustrative examples do not guarantee similar results. Every business and lender decision is different.

Step‑by‑step: start your refinance enquiry today

1. Click the Free Eligibility Check link and complete the short form (takes under 2 minutes).
2. We assess and match your enquiry to the most suitable lenders and brokers.
3. A matched partner contacts you to discuss options and documentation.
4. Receive offers, compare terms and decide — the broker/lender handles the rest.

Data security: your information is shared only with selected partners who can realistically help. We never sell your data for marketing purposes outside of that matching process.

FAQs: Business loan refinancing with Fast Business Loans

Is refinancing right for every business?

Not necessarily. Refinancing can lower payments or improve terms but depends on penalties, security requirements and total cost. We’ll only match you to partners who can realistically help based on your details.

Will lenders require security or personal guarantees?

Some lenders do require security or personal guarantees, especially for larger or lower‑credit facilities. We’ll highlight likely requirements based on the options available to your business.

Can I refinance if I’ve had credit blips?

Possibly. Because we work with a wide panel of lenders and brokers, there are options for businesses with past credit problems — but terms will reflect the risk. Be honest on your enquiry for the best matches.

How long does the refinance process take?

Timescales vary. Unsecured or simple consolidations can be arranged in days; secured commercial mortgage refinances may take several weeks due to valuations and legal work.

Does Fast Business Loans charge a fee?

No. Our introducer service is free for businesses. Any fees will be explained by the lender or broker in their offer documents.

Will my existing lender charge penalties?

Some lenders charge early repayment fees. Your matched broker will help you calculate whether refinancing still delivers a net benefit after penalties.

What industries can you help?

We commonly support construction, hospitality, manufacturing, transport, farming, healthcare and many more. We work with specialist partners who understand industry nuances. Note: we do not arrange loans for sole traders or certain professional-only products.

How do you protect my data?

Your data is stored securely and shared only with matched partners. We follow privacy best practices and limit sharing to parties who can help with your enquiry.

Why choose Fast Business Loans?

• Large panel of UK lenders & brokers matched to your sector and loan size (from £10,000 upward).
• Fast, free and no obligation enquiries — no credit score impact from the initial enquiry.
• We simplify comparisons so you can focus on running your business.
• Transparent process and clear information on likely costs and security.

Start Your Refinance Enquiry — Free Eligibility Check

Next steps & helpful resources

• Complete a Free Eligibility Check to see matched options quickly: Get Quote Now.
• Read impartial guidance from the British Business Bank and the Financial Conduct Authority on loan costs and business borrowing.
• Prepare your management accounts and recent bank statements to speed up the process.

Ready to explore refinance options? Complete a Free Eligibility Check and we’ll match you with lenders or brokers who can provide tailored quotes — fast and without obligation.

1) What is business loan refinancing?
Business loan refinancing replaces your existing borrowing with a new facility to lower costs, consolidate multiple debts, switch to a fixed rate, or release equity from assets.

2) Is Fast Business Loans a lender?
No—Fast Business Loans is an introducer that connects UK businesses with trusted lenders and brokers, and our service is free and without obligation.

3) Will the Free Eligibility Check affect my credit score or commit me to a loan?
No, submitting the quick enquiry won’t impact your credit score and there’s no obligation to proceed with any offer.

4) Who is eligible to refinance through Fast Business Loans, and what loan sizes are available?
We match UK limited companies and growing SMEs with refinance options starting from around £10,000, subject to lender criteria.

5) How quickly can I get refinance options and funding?
Many partners respond within hours, while simple unsecured consolidations can complete in days and secured facilities may take several weeks due to valuations and legal work.

6) Can I consolidate multiple business loans into one monthly payment?
Yes, we can match you with lenders who consolidate several loans into a single facility to simplify repayments and potentially reduce your overall cost.

7) Will I need security or a personal guarantee to refinance my business loan?
Some lenders require security or personal guarantees—especially for larger or higher‑risk facilities—and your matched broker will explain what’s likely.

8) What documents do I need to refinance a business loan?
Lenders typically ask for recent management accounts, 3–6 months of bank statements, VAT returns, and copies of existing loan and security agreements.

9) What costs and fees should I expect when refinancing a business loan?
Beyond the interest rate, consider arrangement and valuation fees, potential broker or lender charges, and any early repayment penalties on your current facility.

10) Can I refinance a merchant cash advance into a more affordable loan?
Yes, some lenders can refinance an MCA into a term loan to lower costs and provide a more predictable repayment structure.