What is business loan refinancing and when does it help?

Refinancing means replacing one or more existing business borrowings with a different facility or lender. That could be consolidating several monthly repayments into a single loan, swapping short‑term high‑cost debt for a longer-term loan, releasing equity from assets, or restructuring a commercial mortgage. Refinancing can improve cash flow, simplify administration and sometimes reduce overall interest and fees — though results depend on your circumstances.

Important: Fast Business Loans is an introducer. We do not provide credit ourselves or give regulated financial advice — we’ll match your business with lenders and brokers who can help explore your options. Free Eligibility Check

How Fast Business Loans supports your refinance journey

Step 1: Quick enquiry form

Start by completing a short enquiry — it takes around 2 minutes. We ask for basic company details, current borrowing and the outcome you want. Submitting an enquiry does not affect your credit score. Get Started — Free Eligibility Check

Step 2: Intelligent matching with lenders and brokers

We use your answers to match you with lenders and brokers experienced in the sector and product you need. Our partners include specialist commercial lenders, asset finance houses, invoice finance providers and broker networks who can assess your case and make recommendations.

Step 3: Compare offers without obligation

Matched partners will contact you directly to discuss terms and may ask for additional documents. You choose whether to proceed — we simply introduce you. For an in-depth overview of refinance options, see our detailed refinance loans page on refinance loans.

Common business refinance objectives we see

• Consolidate multiple repayments: Combine overdrafts, merchant advances and short loans into a single monthly payment to simplify cash flow management.
• Reduce monthly outgoings: Switch to a longer term or better rate to lower immediate repayments and ease short‑term pressure.
• Release equity: Refinance secured borrowing to free up capital from property, plant or equipment for reinvestment.
• Reset balloon or short-term debt: Replace a maturing balloon payment or short commercial facility with a structured loan.
• Move from variable to fixed costs: Lock in predictable repayments to manage budgeting and pricing more confidently.

Mini case (anonymised): A regional manufacturing firm with multiple asset and overdraft facilities consolidated debts into a single secured refinance loan. The result: one monthly payment, improved cash flow and the ability to invest in production equipment. To see if something similar could help your business, Get a Free Eligibility Check.

Types of refinance solutions we can introduce

Secured business refinance

Ideal when you can offer property or other assets as security. Secured refinance can provide lower rates or longer terms for larger sums, often used by property businesses or established SMEs.

Unsecured refinance loans

Faster decisions and no asset security required; suitable for refinancing smaller or short-term facilities. Availability and rates depend on credit profile and trading history.

Asset refinance

Refinance equipment, machinery or vehicle finance to release working capital or move to more affordable repayments while keeping essential kit in place.

Invoice finance restructuring

Move existing factoring or invoice discounting arrangements to a provider with better terms or greater flexibility, useful when your sales ledger is growing.

Commercial mortgage refinance

Property investors and owner-occupiers may refinance commercial mortgages to obtain better terms, switch lenders, or release equity for development.

For more detailed product information and examples, visit our dedicated refinance loans overview to compare routes and what they typically cost. refinance loans

Eligibility snapshot: who can apply for refinance

Requirements vary by lender, but common factors include:

• Business type: Limited companies, partnerships and established SMEs. (We do not handle sole trader or certain professional-only loan types.)
• Minimum loan size: Our partners typically consider refinancing from around £10,000 and upwards.
• Trading history: Many lenders prefer at least 12 months of trading; specialist lenders may assist newer businesses.
• Turnover and profitability: Turnover thresholds vary — lenders assess affordability and suitability case‑by‑case.
• Credit profile: Adverse credit may be considered; different lenders have differing risk appetites.

Submitting an enquiry will not affect your credit score. If lenders need to run credit checks later, they will inform you and proceed with consent. Start your Free Eligibility Check

Benefits of working through Fast Business Loans

1. Fast response times: Short enquiry, rapid matching — expect contact from partners soon after submission.
2. Choice of specialist partners: We connect you with lenders and brokers who understand your sector and the product you need.
3. Time saved: No need to approach multiple lenders; we do the introductions for you.
4. Transparent process: You decide which offers to pursue — there’s no obligation to accept any proposal.
5. Secure data handling: We only share your details with partners relevant to your enquiry.
6. Free to use: Our introduction service and eligibility check are free for businesses.

Thousands of UK businesses submit enquiries through Fast Business Loans each year to explore refinance and other finance solutions. Ready to compare options? Get Quote Now

What information you’ll need for the enquiry

Collecting the following helps speed up matching and initial assessments:

• Company name and registration number
• Contact name and phone/email
• Brief summary of current borrowing (type, outstanding balance, monthly payment)
• Amount you’d like to refinance or release
• Trading history and annual turnover (approx.)
• Reason for refinancing and preferred outcome (lower payments, one repayment, release equity, etc.)

Don’t worry if you don’t have everything ready — submit what you can and partners can follow up for details. Free Eligibility Check

Responsible finance & compliance

We aim to make financial promotions clear, fair and not misleading. Fast Business Loans is an introducer — we don’t provide regulated financial advice and you are encouraged to consider independent advice where appropriate. Your data is shared only with lenders and brokers relevant to your enquiry and handled securely. For general information about consumer credit and financial promotions, see the Financial Conduct Authority guidance (external link; opens in a new tab). FCA consumer credit guidance

Ready to explore your refinance options?

If you want to reduce monthly costs, simplify multiple debts or release capital from assets, start with a short enquiry so we can match you with the lenders and brokers most likely to help. It’s quick, confidential and free — there’s no obligation to proceed after we introduce you.

Get My Refinance Options — Free Eligibility Check

FAQs: Business loan refinancing with Fast Business Loans

Is Fast Business Loans a lender or broker?

No. Fast Business Loans is an introducer that connects UK businesses with lenders and brokers who can provide refinance and other finance solutions.

Will submitting an enquiry affect my credit score?

No — your initial enquiry does not affect your business or personal credit score. Lenders may run checks later with your consent if you choose to proceed.

How quickly will I hear from a lender or broker?

Many partners respond within hours or the same business day. Response times depend on partner workload and the detail you provide in your enquiry.

Can I refinance if I’ve had credit issues?

Possibly. Some lenders and specialist brokers consider cases with adverse credit. Submitting an enquiry lets us match you with partners who may be able to help.

Are there fees for using Fast Business Loans?

Our service is free for business owners to submit an enquiry. Individual brokers or lenders may charge fees for their services; they will disclose any fees before you commit.

How much can I refinance through your partners?

Partners typically handle refinances from around £10,000 up to multi‑million pound facilities, depending on the product and lender. Provide your target amount on the enquiry to help matching.

Next steps: take control of your repayments

Refinancing can be an effective way to ease cash flow and simplify borrowing — but the right route depends on your business, security available and trading profile. To get started:

1. Click the button below and complete the short form (2 minutes).
2. We’ll match your business to the most relevant lenders and brokers.
3. Partners contact you to discuss terms — compare and decide with no obligation.

Start Your Free Refinance Enquiry