Refinance Business Loans Made Simple for UK Companies

Summary: Refinancing business loans can reduce monthly repayments, consolidate multiple facilities, release equity or secure better terms. Fast Business Loans doesn’t lend – we match UK companies (loans from £10,000 upwards) with specialist brokers and lenders who can assess refinancing, restructure debt or consolidate facilities. Complete a short enquiry for a free, no-obligation eligibility check; submitting an enquiry does not affect your credit score.

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• Free, no-obligation enquiry
• Matches you with brokers/lenders experienced in your sector
• No credit impact at enquiry stage

Table of Contents

• What does refinancing mean for your business?
• When is it sensible to refinance existing business debt?
• Types of business refinance solutions we can introduce
• Key factors brokers and lenders consider
• Benefits of refinancing through our network
• Potential risks and how to mitigate them
• How much could you borrow?
• The Fast Business Loans matching process
• Tools & resources / checklist
• FAQs
• Ready to explore?

What does refinancing mean for your business?

Refinancing business debt means replacing one or more existing facilities with a new funding arrangement that better suits current needs. That might mean lower monthly repayments, a longer term, removing short‑term or expensive facilities, consolidating multiple lenders into one lender for simplicity, or releasing equity from assets or property.

Typical triggers for refinancing include the end of an introductory rate, the need to free up cashflow for growth, mismatched facility types (e.g. overdraft vs. term loan), or preparing the balance sheet for investment or sale.

When is it sensible to refinance existing business debt?

Rising interest costs or expiring introductory rates

If rates are increasing or an attractive introductory rate is about to end, refinancing can lock in a better fixed rate or move you to a product with lower variable exposure.

Consolidating multiple facilities into one repayment

Multiple monthly payments to different lenders create admin overhead and can increase cost. Consolidation can simplify repayments and sometimes reduce total monthly outlay.

Releasing equity from assets or property

Refinancing secured facilities (asset finance or property mortgages) can release equity to invest in growth, equipment or working capital.

Tidying balance sheets ahead of investment or sale

Investors and buyers prefer clean, predictable debt structures. Refinancing can improve reporting, reduce covenant complexity and make performance more predictable.

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Types of business refinance solutions we can introduce

Our broker and lender partners offer a wide range of refinance solutions for UK companies. Below is a quick comparison to help you decide which route might suit your needs.

Our panel covers loans and refinance transactions from around £10,000 up to multi‑million facilities. For deeper reading on refinance-specific items see our pillar guide on /refinance-loans.

Key factors brokers and lenders consider

• Credit profile and director backgrounds
• Trading history and recent management accounts (usually 6–12 months)
• Debt service coverage (DSCR) and cashflow forecasts
• Existing security and value of assets
• Sector performance and future outlook
• Purpose of refinancing (cost saving, consolidation, equity release)

Prepared documents speed up responses: management accounts, latest VAT returns, current facility statements, asset lists and a short summary of why you want to refinance will help brokers deliver accurate quotes fast.

Need help now? Start Your Free Eligibility Check — tell us a few details and we’ll match you with lenders/brokers who specialise in your sector.

Benefits of refinancing through Fast Business Loans’ network

Save time comparing providers

We shortlist suitable brokers and lenders so you don’t have to contact dozens of providers yourself.

Improve cashflow & predictability

Consolidating or moving to a fixed-rate product can make monthly costs easier to forecast.

Potential cost savings

Lower interest, longer terms or reduced fees can reduce total monthly costs — but outcomes vary by case.

Sector expertise & tailored options

We match you to brokers who understand construction, hospitality, farming, logistics and other specialist sectors.

“We moved three separate facilities into one term loan — monthly payments are lower and our accountant says the new structure is cleaner.” — Regional hospitality group (anonymised)

Potential risks and how to mitigate them

Fees & early repayment charges

Check exit costs on existing facilities. Sometimes savings in rate are offset by early repayment penalties.

Impact on security & guarantees

Refinancing may require new securities or personal guarantees. Ask brokers to clarify changes to liabilities.

Variable rates & future affordability

If moving to a variable product, model affordability under higher rate scenarios to ensure resilience.

Ask all lenders for the APR and total cost of credit, and request clear terms on exit clauses. Fast Business Loans introduces you — we recommend you review offers carefully and where appropriate speak with your adviser or accountant.

How much could you borrow when refinancing?

Advance rates and LTVs vary by product:

• Asset finance: typically 60–100% of equipment value (subject to asset type).
• Invoice finance: 70–90% against qualifying invoices depending on provider.
• Commercial mortgage: up to 60–75% LTV depending on property and sector.
• Term loan (unsecured): smaller amounts may be unsecured; larger facilities often require security or guarantees.

These are illustrative ranges only. Exact figures depend on your trading history, sector, and the assets available. For tailored borrowing ranges, Get a Free Eligibility Check and we’ll match you to appropriate partners.

The Fast Business Loans matching process

1. Complete a short enquiry form (under 2 minutes).
2. We match your brief with selected brokers/lenders on our panel.
3. Partners contact you directly with indicative terms or to request documents.
4. Compare offers, choose the best fit, and proceed to formal application with the lender or broker.

Typical response: many of our partners provide initial feedback within 24–72 hours of receiving full information. Submitting an enquiry does not affect your credit score. If you proceed to application, lenders may carry out credit checks.

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Tools & resources to prepare for refinancing

Checklist before you enquire:

• Recent management accounts (3–12 months)
• Latest full accounts and tax filings
• Details of existing facilities (balances, monthly payments, interest rates)
• Cashflow forecast showing proposed loan use and repayment source
• Asset list and valuations (if seeking asset or property refinance)

Also consider discussing the options with your accountant or financial adviser before agreeing terms. For related financing routes see our pages on asset finance, invoice finance and business loans.

FAQs about refinancing business loans

How quickly can a refinance deal complete?

It depends on the product and complexity. Simple unsecured refinances can complete in 1–2 weeks; property or secured refinance can take 4–8 weeks or longer depending on valuations and legal processes.

Will submitting an enquiry affect our credit score?

No. Submitting an enquiry via Fast Business Loans does not impact your credit score. Lenders may perform credit checks if you proceed to a formal application.

Can I refinance government-backed loans (e.g. CBILS/BBLS)?

Some lenders will refinance government-backed facilities. Specialist brokers on our panel can advise on eligibility and options based on your trading performance.

Do I need security or a personal guarantee?

Security and guarantees depend on loan size, product and business profile. Brokers will explain likely requirements during the matching process.

What information do brokers need to provide quotes?

Usually: management accounts, details of existing debt, ID for directors, asset lists and forecasts. Providing full information helps deliver faster, more accurate quotes.

Ready to explore your refinance options?

Fast Business Loans connects you quickly with brokers and lenders who can assess refinance and consolidation options for loans from £10,000 upwards. Our service is free to use and there’s no obligation to proceed once you’re matched. Subject to status and affordability. Terms and conditions apply.

Start Your Free Eligibility Check
Get Refinance Quotes

Fast Business Loans is an introducer and does not provide lending or financial advice. We match businesses with lenders and brokers who may contact you with offers. Always review lender terms and consider independent advice where appropriate.

– What is business loan refinancing and how can it help my UK company?
Refinancing replaces one or more existing facilities with a new arrangement to reduce monthly repayments, consolidate debt, release equity, or secure better terms.

– How does Fast Business Loans work—are you a lender?
Fast Business Loans is an introducer (not a lender) that matches your enquiry with specialist UK brokers and lenders who contact you with options, with no obligation to proceed.

– Will submitting an enquiry affect my credit score or cost me anything?
No—our enquiry is free, not a loan application, and doesn’t affect your credit score; credit checks only occur if you choose to apply with a lender.

– How much can I borrow to refinance existing business debt?
Our partners typically consider refinance amounts from around £10,000 up to multi‑million facilities, subject to sector, security, and affordability.

– How quickly can a refinance complete?
Indicative terms often arrive within 24–72 hours, with unsecured refinances completing in 1–2 weeks and secured/property deals taking 4–8+ weeks depending on valuations and legals.

– Can I consolidate multiple business loans or expensive facilities into one repayment?
Yes—many businesses consolidate loans, overdrafts, or merchant cash advances into a single term loan to simplify admin and potentially lower monthly outgoings.

– Do I need security or a personal guarantee to refinance?
Requirements depend on product and size—smaller facilities may be unsecured while larger or asset‑backed loans usually require security and/or director guarantees.

– What documents do brokers/lenders need to provide refinance quotes?
Typically you’ll need recent management accounts, details of existing facilities, cashflow forecasts, director ID, and any relevant asset or property information.

– Can I refinance CBILS/BBLS or release equity from assets or property?
Yes—some lenders will refinance CBILS/BBLS and can release equity from equipment or commercial property, subject to eligibility and affordability.

– What rates and risks should I expect when refinancing?
Rates vary by product and profile, so compare APR and total cost, check fees and early repayment charges, and understand any security, guarantees, or variable‑rate exposure.