Refinance Loans for UK Businesses: Compare Lenders & Restructure Debt Faster

Summary: Refinancing can reduce monthly repayments, consolidate multiple facilities, swap interest types, or release working capital. Fast Business Loans is an introducer that helps UK limited companies access specialist lenders and brokers for refinance loans from around £10,000 upwards. Use our quick enquiry to get matched, compare offers, and decide — no obligation and no impact on your credit score from enquiring. Get Started — Free Eligibility Check

What is business loan refinancing?

Definition & how it works

Refinancing is replacing one or more existing borrowings with a new facility that better fits your current needs. That can mean consolidating multiple loans into one repayment, moving from variable to fixed rates, switching security, or extending terms to lower monthly payments. Lenders and brokers assess affordability, security, and your business performance before making offers.

Key reasons businesses refinance

• Reduce monthly repayments and improve cash flow
• Consolidate multiple loans and simplify administration
• Replace expensive short-term facilities with longer-term finance
• Release equity or working capital for growth
• Move from variable to fixed interest to manage rate risk

Is refinancing right for your business?

Situations where refinancing may help

• You have multiple facilities or high monthly servicing costs.
• Cashflow is tight but business fundamentals remain sound.
• Interest rates have fallen since you took your current loan.
• You need to free capital for investment or to smooth seasonal trading.

When to proceed with caution

• Be aware of early repayment charges and exit fees.
• Extended term may lower monthly payments but increase total interest paid.
• Switching to secured finance may put business assets at risk.
• Some lenders may require updated accounts, valuations or personal guarantees.

Eligibility snapshot

Free Eligibility Check — takes under 2 minutes and won’t affect your credit score.

Refinancing options we can help you explore

Unsecured business loan refinance

Good for smaller amounts where security isn’t available. Faster decisions but typically higher rates and shorter terms.

Secured & asset-backed refinance

Use property, plant, machinery or stock as security to access lower rates or larger facilities. Ideal for established businesses with high-value assets.

Invoice finance consolidation

If invoice finance is your main borrowing, switching providers or consolidating facilities can improve margin and free admin time.

Commercial mortgage refinance

Refinance or remortgage commercial property to access better rates, release equity, or adjust loan-to-value and repayment profile.

Sector-specific solutions

Our panel includes brokers and lenders experienced in construction, hospitality, healthcare, agriculture, manufacturing and more — meaning better chances of a tailored offer.

The Fast Business Loans process

1. Complete a short enquiry — takes under 2 minutes: Get Quote Now.
2. We match your details to specialist brokers and lenders who fit your needs.
3. Partners contact you to discuss terms and request documentation.
4. Compare offers and select the best fit — proceed directly with the lender/broker.

No cost, no obligation. Submitting an enquiry does not affect your credit score. Fast Business Loans is an introducer only — we do not provide lending or regulated advice.

What information will lenders ask for?

Essentials checklist

• Company details and registration number
• Trading history and management information
• Recent management accounts and annual accounts
• Details of existing debts, monthly repayments and any defaults
• Collateral details if secured finance is being sought

Tips to speed up approval

• Have up-to-date accounts and bank statements ready.
• Prepare a short summary of how the refinance will benefit the business.
• Respond promptly to any follow-up from lenders to maintain momentum.

Understanding costs, rates & fees

Typical costs to consider

• Interest rate (fixed or variable)
• Arrangement or facility fees
• Valuation, legal and onboarding costs (for secured facilities)
• Early repayment charges from your current lender

Comparing offers fairly

Look beyond headline rate. Compare APR or representative cost where available, total repayable over term, and any one-off costs. A slightly higher rate with zero exit fees may be cheaper overall if your current facility would incur large early settlement penalties.

Get Started — Free Eligibility Check and we’ll match you with partners who can provide fully costed quotes to compare.

Benefits of refinancing through Fast Business Loans

• Tailored matches to specialist lenders and brokers based on sector and loan size.
• Faster responses — we streamline introductions so lenders can review quickly.
• Support for loans from around £10,000 to £5m+.
• Free, secure and no obligation — you decide whether to proceed.

For more detail on refinancing specific types of borrowing, see our dedicated guide to refinance loans.

Case studies & success snapshots

Each situation is unique. Submit a short enquiry to explore outcomes relevant to your business: Free Eligibility Check.

Common refinance questions (FAQ)

Next steps: start your refinance enquiry

If you want to explore refinance options tailored to your business, complete our short enquiry and we’ll match you with suitable lenders and brokers who can provide quotes. The form is quick, secure and free — and there’s no obligation to proceed.

Get Started — Free Eligibility Check

– What is business loan refinancing?
Business loan refinancing replaces one or more existing facilities with a new loan that better fits your needs—such as lowering monthly repayments, fixing rates, extending terms, or releasing working capital.

– Can I consolidate multiple business loans into one repayment?
Yes, many lenders allow you to consolidate multiple loans into a single facility to simplify admin and potentially reduce monthly costs, subject to affordability and any exit fees.

– Will submitting a refinance enquiry affect my credit score?
No—Fast Business Loans’ enquiry is a no‑obligation match process that doesn’t impact your credit score, with checks only if you proceed with a lender.

– Is the Fast Business Loans enquiry an application?
No, it’s a quick information form used to match your UK business with suitable brokers and lenders; you decide whether to apply once you’ve compared options.

– How much can I refinance and who is eligible?
Our partners typically consider refinance loans from around £10,000 upward for UK limited companies (often 12+ months trading), with larger sums possible depending on turnover, security and credit.

– Do I need to provide security to refinance?
Not always—unsecured refinance can suit smaller amounts, while secured or asset‑backed options may offer larger facilities and lower rates where property or assets are available.

– How long does the refinance process take?
Unsecured refinances can complete in days, while secured or commercial mortgage refinances usually take several weeks to a few months due to valuations and legal work.

– What documents will lenders ask for?
Expect company details, recent accounts and bank statements, a summary of existing debts and repayments, and collateral information if offering security.

– What costs and fees should I expect when refinancing?
Typical costs include the interest rate, arrangement fees, valuation/legal fees for secured loans, and any early repayment charges—so compare total repayable, not just the headline rate.

– Can I refinance if I’ve been declined elsewhere or have challenged credit?
Possibly—different lenders have different risk appetites, and Fast Business Loans can match you with partners who specialise in complex or previously declined cases via a free eligibility check.