Refinance Loans for UK Businesses

Summary: Refinancing can reduce monthly repayments, consolidate debt, release working capital or extend terms. Fast Business Loans does not lend — we match UK limited companies and SMEs (loans from £10,000+) with the lenders and brokers most likely to help. Complete a quick, no‑obligation Free Eligibility Check to see your refinance options and get introduced to specialist partners who will provide quotes.

Get Started — Free Eligibility Check

• Lower monthly repayments
• Compare multiple lenders and brokers for your sector
• No obligation — information used only to match you with suitable partners

Note: Fast Business Loans is an introducer. We do not provide loans or regulated financial advice — we connect businesses with lenders and brokers who can provide funding and guidance.

Table of Contents

• Overview (Summary)
• Why Consider Refinancing Your Business Loan?
• How Business Refinance Works Through Fast Business Loans
• What Types of Business Debt Can Be Refinanced?
• Comparing Refinance Options: Key Factors
• Benefits of Refinancing with Specialist Lenders
• Eligibility & What Lenders Look For
• Costs, Risks and Considerations
• Refinancing Across Key UK Industries
• Why UK Businesses Choose Fast Business Loans
• FAQ
• Next Steps — Get a Free Eligibility Check
• Footer & Important Notice

Why Consider Refinancing Your Business Loan?

Refinancing means replacing one or more existing borrowings with new finance on different terms. UK businesses typically refinance to:

• Reduce interest costs or secure a lower APR.
• Lower monthly repayments to ease short-term cashflow.
• Consolidate multiple debts into a single facility for simpler management.
• Release working capital secured against assets or property.
• Extend or reprofile the repayment term to match trading cycles.

If interest rates, lender appetite or your business outlook have changed since you took your loan, refinance could improve affordability or provide breathing space. Curious? Start with a Free Eligibility Check to see who may be able to help.

How Business Refinance Works Through Fast Business Loans

Step 1 — Quick Enquiry

Complete our short enquiry form (under two minutes). Tell us the amount you’d like to refinance, the type of current borrowing, and a few business details. We use this to match you — your enquiry does not commit you to a loan and does not affect your credit score.

Step 2 — Smarter Broker Matching

We match your business to lenders and specialist brokers who understand your sector and loan size. Matching improves the chance of being presented with competitive, relevant offers.

Step 3 — Compare Lender Offers

Partner brokers and lenders will review your details and usually contact you with options, questions and indicative quotes. We help you compare terms, fees and security requirements.

Step 4 — Complete with Confidence

Decide which offer to proceed with directly through the broker or lender. There is no obligation to accept any offer we help you find — the decision is fully yours.

Get Quote Now

What Types of Business Debt Can Be Refinanced?

Specialist lenders and brokers can refinance a wide range of business borrowing. Typical eligible debts include:

• Unsecured business loans — where no asset was used as security.
• Secured & asset-backed loans — loans secured on plant, machinery or property.
• Commercial mortgages & property finance — refinance or remortgage business premises.
• Invoice finance facilities — review terms or move to a different provider.
• Equipment & asset finance — refinance leases or hire purchase agreements.
• Merchant cash advances — restructure high-cost short-term advances.

We commonly assist with loan sizes from around £10,000 upwards into the millions depending on lender appetite. If you’re unsure whether your borrowing qualifies, tell us about it and we’ll match you to partners who can advise further. If you want to learn more about refinancing property specifically, see our dedicated /refinance-loans resource.

Comparing Refinance Options: Key Factors

When assessing refinance offers, consider:

• Interest rate / APR — headline rate plus fees affect total cost.
• Repayment term — longer terms reduce monthly payments but may increase total cost.
• Early settlement charges — will you pay penalties to close existing facilities?
• Arrangement and legal fees — up-front and ongoing fees can offset rate savings.
• Security & personal guarantees — what assets are required and are directors liable?
• Impact on cashflow — consider short- and medium-term affordability.

Mini case example (illustrative): A manufacturing SME refinanced a £250,000 loan — switching to a longer-term secured facility reduced monthly repayments by 22% and freed working capital for stock. Actual outcomes vary; speak to a broker to model real figures.

Free Eligibility Check

Benefits of Refinancing with Specialist Lenders

• Tailored terms for your sector — niche lenders understand industry seasonality and margins.
• Access to niche lenders — alternative providers may offer flexible underwriting for complex cases.
• Faster decisions & human support — broker relationships speed up paperwork and negotiations.

“Illustrative example only: ‘Refinancing saved our business £1,200 per month and simplified three facilities into one manageable payment’ — Anonymous SME case study.”

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Eligibility & What Lenders Look For

Typical lender criteria include:

• Trading history and length (often 12+ months is helpful).
• Annual turnover and recent profitability or trading performance.
• Existing debt levels and ability to service new repayments.
• Available security (property, plant, stock) and director guarantees.
• Credit profile and any historic issues — many lenders will consider the context.

Preparation tips: have recent management accounts, business bank statements and a clear reason for refinancing (e.g., consolidate, reduce costs, release cash). If you have adverse credit or complex circumstances, specialist brokers can often find suitable routes — start with a Get Quote Now so partners can assess your position.

Costs, Risks and Considerations

Refinancing can bring benefits but has trade-offs. Key points to weigh:

• Arrangement, valuation and legal fees can offset projected savings — request full cost illustrations.
• Extending the term reduces monthly payments but may increase total interest paid over the life of the loan.
• Providing security or personal guarantees increases lender comfort but raises personal risk for directors.
• Early repayment charges on existing facilities may apply — always compare net benefit after fees.

We recommend discussing the net effect of any change with the broker or lender who provides the quote and, if necessary, obtaining independent professional advice.

Talk to trusted brokers today

Refinancing Across Key UK Industries

Our partners have experience across many sectors. Examples of refinance use-cases:

• Construction: smooth cashflow between projects, refinance plant hire or bridging loans.
• Hospitality & Retail: restructure seasonal debt or fund refurbishment works.
• Logistics & Transport: refinance vehicle fleets or improve working capital for fuel/repairs.
• Healthcare & Manufacturing: refinance equipment finance to lower monthly costs.

Free Eligibility Check for Your Sector

Why UK Businesses Choose Fast Business Loans

• Fast: quick enquiry and swift matching to suitable partners.
• Trusted connections: access to a broad panel of brokers and lenders.
• No obligation: free to use and you decide whether to proceed.
• Sector expertise: matches with lenders who understand your industry.
• Secure handling: we share information only with relevant partners to assess your request.

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Frequently Asked Questions

Is refinancing right for my business if rates have risen?

Possibly. Refinancing can still make sense to extend term, consolidate higher-cost facilities, or access specialist lenders. A broker will model options against your current terms.

Will refinancing affect my credit score?

Submitting a quick enquiry with us does not affect your credit. Lenders may perform formal checks later in the process which can impact credit — your broker will explain when checks occur.

Can young businesses refinance existing borrowing?

Many specialist lenders and brokers consider young or growing SMEs, depending on turnover, contracts and sector. Provide clear trading figures to improve matching.

How long does the refinance process typically take?

It varies: initial introductions and indicative quotes often arrive within days; a completed refinance (including legal work) can take several weeks depending on complexity and security requirements.

What documents will lenders ask for?

Common documents: management accounts, business bank statements, company accounts, director ID and details of existing debts.

Can I refinance if I’ve been declined elsewhere?

Yes — we work with a wide panel. Completing our form lets us find alternative lenders or brokers who may consider your case.

Are there fees for using Fast Business Loans?

No — our service is free for businesses. Any fees quoted are from lenders or brokers and will be disclosed in their offers.

Do you provide financial advice?

No. We are an introducer that connects you with lenders and brokers. Any regulated advice would come directly from the broker or lender you choose.

Begin your Free Eligibility Check

Next Steps — Quick Recap & How to Start

When you enquire with Fast Business Loans:

• You complete a short form with basic business details.
• We match you to the most relevant lenders and brokers.
• Partners contact you with options and quotes — you compare and choose.

There’s no cost and no obligation to proceed. To see what refinance options might be available to your business, Get Quote Now.

Important notice: Fast Business Loans is an introducer that connects businesses with lenders and brokers. We do not provide loans or regulated financial advice. Eligibility, terms and approval are determined by the lender/broker you deal with. All finance carries risks including the possibility of personal guarantees and security requirements. Consider seeking independent professional advice where appropriate. Last updated: 01 November 2025.

– What is a business refinance loan and when does it make sense?
It’s replacing existing borrowing with new finance on better-suited terms to lower monthly repayments, consolidate debt, reduce APR, release working capital, or extend terms.

– Can I consolidate multiple business debts into one facility?
Yes, many lenders allow you to combine several loans or facilities into a single, easier-to-manage repayment to improve cash flow.

– Will checking my refinance options affect my credit score?
No — Fast Business Loans’ Free Eligibility Check is an enquiry (not a credit application) and won’t affect your score; formal checks only occur if you proceed with a lender.

– What types of business borrowing can be refinanced?
Commonly eligible are unsecured and secured loans, commercial mortgages, equipment/asset finance, invoice finance, and merchant cash advances.

– What loan amounts can UK SMEs refinance?
Our partners typically consider refinance loans from around £10,000 up to several million, subject to lender appetite and security.

– How long does the refinance process take?
Indicative quotes can arrive within days, while full completion (including legal and valuations where needed) often takes a few weeks.

– What fees, charges and risks should I consider before refinancing?
Compare total cost including arrangement, valuation and legal fees, check early settlement charges on current facilities, and weigh impacts of longer terms or providing security/personal guarantees.

– What documents and eligibility criteria do lenders look for?
Expect to provide management accounts, bank statements, company accounts, director ID and details of existing debts, with lenders assessing trading history, turnover, affordability, security and credit profile (many will consider young businesses or past credit issues in context).

– Do I need security or a personal guarantee for a refinance loan?
It depends on the facility and lender, but property, assets or director guarantees may be required for the best rates or larger loan sizes.

– Is Fast Business Loans a lender, and does it cost to use your service?
We’re an introducer (not a lender or adviser) and our matching service is free and without obligation, connecting UK businesses to suitable lenders and brokers.