Business Refinance Loans for UK Companies

Summary: If your company is facing rising repayments, short-term high-cost borrowing, or a commercial mortgage coming to term, refinancing can reduce monthly costs, consolidate debt and improve cashflow. Fast Business Loans doesn’t lend — we match UK limited companies and incorporated businesses (loans from £10,000+) with experienced brokers and lenders best suited to your situation. Complete a Free Eligibility Check to get matched quickly and with no obligation.

What is business loan refinancing and why consider it?

Refinancing means replacing one or more existing business borrowings with a new facility. The goal is usually to lower monthly repayments, secure a longer term, reduce interest costs, remove or replace expensive merchant cash advances, or consolidate multiple short-term lenders into a single, more manageable loan.

Many UK businesses consider refinancing when:

• Interest rates or repayment pressures increase.
• Short-term loans or MCA facilities are costing significantly more than alternative options.
• Multiple lenders create administrative burden and varying repayment dates.
• A commercial mortgage or fixed-term finance is nearing maturity.

Refinancing can help stabilise cashflow and free management time to focus on growth — but it’s important to assess total cost over the life of the new facility, not just the monthly payment.

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How Fast Business Loans helps you secure the right refinance deal

Fast Business Loans acts as an introducer — we connect your business with vetted brokers and lenders who specialise in commercial refinancing. We do not lend or offer regulated financial advice. Our role is to save you time and increase the likelihood of a good match by introducing your enquiry to providers who understand your sector and needs.

Typical process:

1. Complete a short enquiry (takes under 2 minutes).
2. We match your details to lenders and brokers on our panel.
3. Selected partners contact you to discuss terms and request documentation.
4. Compare offers, decide and proceed directly with the chosen provider.

Benefits of using our matching service:

• Fast introductions to lenders who specialise in business refinance loans.
• Save time on researching dozens of providers.
• No obligation to accept any offer; we only use your details to match you.
• Your initial enquiry does not affect your credit score.

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Typical scenarios UK businesses refinance

Consolidate multiple short-term loans

Many firms carry several short-term or high-cost loans. Consolidating into a single term loan can reduce paperwork and monthly stress, though it may extend overall term and total interest — important to weigh up.

Replace a merchant cash advance (MCA)

MCAs are fast but expensive. If you have regular turnover and improved trading performance, refinancing to a lower-cost loan or invoice finance facility can cut costs and stabilise payments.

Refinance asset finance

Equipment and vehicle finance can sometimes be renegotiated or replaced to release equity or lower monthly charges, particularly if the asset has held value.

Commercial mortgage re-financing

A mortgage coming to term is a common trigger to shop for better rates, refinance for longer-term security, or extract equity for investment.

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Understanding the costs and considerations

Refinancing can bring savings, but there are costs and trade-offs to consider:

Interest rates and fees

• Arrangement/processing fees, lender legal costs and valuations are common.
• Quoted rates vary widely by lender, security and business profile.

Early settlement charges

Paying off an existing loan early may trigger penalties. Check your present agreements before committing.

Term extension risks

Lower monthly payments can be achieved by increasing the term — but that usually increases total interest paid over the life of the loan.

Security & guarantees

Some refinance options require business or director guarantees or security over property/assets. Understand the implications before signing.

Fast Business Loans does not provide regulated financial advice. Always review lender documentation carefully and consider professional advice if you’re unsure.

For a deeper look at options specifically focused on restructuring debt, you can read more about refinance loans on our dedicated page for refinance loans.

Eligibility snapshot: are you likely to qualify?

Every lender sets their own criteria, but common requirements include:

• UK-registered company (limited companies and LLPs).
• Minimum trading history — typically 6–12 months for some lenders, longer for mainstream banks.
• Minimum loan sizes — our panel generally arranges facilities from around £10,000 upwards.
• Turnover and profitability evidence (varies by product).
• Details of existing borrowing and any missed repayments; specialist lenders may consider adverse credit.

Matching your business with the right lender improves the chance of approval, but the lender makes the final decision. Complete a Free Eligibility Check to receive tailored matches.

Document checklist to prepare before you apply

Having the right paperwork ready speeds the process. Typical documents lenders request:

• Latest management accounts (3–12 months).
• Recent business bank statements (usually 3–6 months).
• Existing loan statements showing balances and repayment history.
• Cashflow forecasts (if available) and VAT returns.
• Details of assets offered as security (valuations may be needed).
• Company incorporation documents and beneficial owner information.

Tip: Keep digital copies and be ready to provide quick replies to lender queries — it helps secure faster offers.

Comparing refinance products on the Fast Business Loans panel

We introduce businesses to a wide range of products; below are common refinance routes:

Term loan refinance

Best for consolidating multiple loans or replacing a single high-cost credit line. Offers fixed monthly repayments and clear term length.

Asset & equipment refinance

Replace existing equipment finance or refinance to release equity in owned assets to improve cashflow.

Invoice finance switch

If you already use invoice finance, switching providers or renegotiating terms can reduce costs or improve advance rates.

Commercial mortgage & bridging refinance

For property-related refinancing, whether to extend the mortgage, change lender, or raise funds against commercial property.

Specialist sector facilities

Some lenders specialise in industries such as hospitality, construction or agriculture — matching to the right sector specialist matters.

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Real-world outcomes: illustrative case snapshots

These examples are illustrative only — every business and outcome is unique.

• Midlands manufacturer: Consolidated three short-term lenders into one secured term loan; reduced monthly repayments by 27% and simplified cashflow planning.
• London catering group: Replaced an MCA with an invoice finance facility and a small-term loan; annual finance costs fell by ~18%.

Actual results depend on business circumstances, security, and lender assessment.

FAQs about business refinance loans

Will refinancing affect my credit score?

Your initial enquiry through Fast Business Loans does not affect your credit score. Lenders may perform credit checks only when you proceed with an application.

How long does the refinance process take?

Timescales vary: some specialist lenders can provide indicative offers in days, while more complex commercial mortgages can take several weeks.

Can I refinance with missed repayments on my record?

Possibly. Some lenders and brokers specialise in cases with adverse credit. Matching helps identify those options, but approval is at the lender’s discretion.

Is security always required?

Not always. Some unsecured business loans exist, but larger amounts or better rates commonly require security or guarantees.

Does Fast Business Loans charge businesses to use the service?

No — our matching service is free for businesses. Any fees charged by lenders or brokers will be disclosed by them in the offer documentation.

Next steps — ready to explore refinance options?

Fast Business Loans makes it quick to find refinance options tailored to your business. To get started:

1. Click the Free Eligibility Check and complete the short enquiry (under 2 minutes).
2. We match you with lenders/brokers most likely to help.
3. Selected partners contact you to discuss quotes and next steps.

Start Your Free Eligibility Check

refinance loans

Questions? Contact our team through the enquiry form and one of our partners will be in touch to discuss your refinance options.

– What is a business refinance loan and why do UK companies use it? A business refinance loan replaces existing borrowing to lower monthly repayments, consolidate debt, or secure better terms and cash flow.

– How does Fast Business Loans help with business refinancing? Fast Business Loans is an introducer that matches your enquiry with vetted UK brokers and lenders best suited to your refinance needs.

– Will submitting a refinance enquiry affect my credit score? No—your initial enquiry through Fast Business Loans doesn’t affect your credit score, though lenders may run checks if you proceed.

– What types of borrowing can I refinance? You can refinance term loans, asset/equipment finance, invoice finance, merchant cash advances, and commercial mortgages.

– How quickly can I complete a business refinance? Some lenders provide indicative offers in days, while more complex cases such as commercial mortgages can take several weeks.

– What are the typical eligibility criteria for a refinance loan? Most lenders look for a UK-registered limited company or LLP, 6–12+ months trading, borrowing details, and evidence of turnover and affordability.

– What documents will lenders usually request? Expect to provide recent bank statements, management accounts, existing loan statements, VAT returns or forecasts, and any asset/security details.

– Will I need security or a personal guarantee for refinance? It depends—unsecured options exist, but larger amounts or better rates often require security or director guarantees.

– What costs and fees should I consider when refinancing? You may face arrangement, legal and valuation fees, variable interest rates, and potential early settlement charges on current loans.

– Can I refinance if I’ve had missed repayments or adverse credit? Possibly—specialist lenders may consider adverse credit cases, although approval is at the lender’s discretion.