Refinance Business Loans – Compare UK Options with Fast Business Loans

Summary: Refinance business loans help UK companies restructure or consolidate existing borrowing to lower monthly repayments, improve cash flow, or free up capital for growth. Fast Business Loans does not lend money — we match businesses (minimum loan requirement ~£10,000) with suitable lenders and brokers. Complete a short, no-obligation enquiry and we’ll connect you to providers who can offer quotes and next steps. Start with a Free Eligibility Check: Get Quote Now.

Note: an enquiry is not an application. Information you provide helps Fast Business Loans match your business to the most relevant lenders/brokers who may then contact you with offers.

What is business loan refinancing?

Refinancing means replacing one or more existing business borrowings with a new loan or finance facility. The goal is usually to reduce the overall cost of borrowing, simplify multiple monthly payments into one, extend or shorten terms for better cashflow management, or switch from a short-term product to a longer-term loan.

When refinancing typically makes sense

• You’re juggling multiple loans with different monthly payments.
• An existing loan’s initial (teaser) rate is ending and repayments will jump.
• Your business needs to free up working capital or lower monthly repayments.
• Better security or improved business metrics mean you may now access cheaper rates.
• You want to convert merchant cash advances or invoice finance to a more affordable structure.

Are refinance loans right for your business?

Not every business should refinance. Use this quick self-assessment to decide whether to explore refinance options further.

Quick self-assessment

If in doubt, speak to a matched broker for tailored options. Fast Business Loans does not provide financial advice; brokers and lenders you are connected with can advise on suitability.

How Fast Business Loans supports your refinance journey

We act as an introducer — save time and improve the chance of finding a suitable solution by letting us match your requirements to lenders and brokers who specialise in business refinancing.

Step 1 – Two-minute enquiry

Complete a short form with business details and the type/amount of refinance you need. This is a search; it does not affect your credit score. Start here: Free Eligibility Check.

Step 2 – Intelligent matching

We use basic business sector and borrowing details to select partners most likely to consider your case — whether that’s consolidation, asset refinance, or a commercial mortgage restructure.

Step 3 – Speak with trusted brokers & lenders

Selected partners contact you with clearer options and required next steps. They can request more documents and complete full affordability and eligibility checks.

Step 4 – Compare offers, decide, complete

Receive quotes, compare interest, fees and terms, then progress the option that suits you. Fast Business Loans is free to use; we may receive commission from partners if you proceed through them.

Get Started – Free Eligibility Check

Types of business refinance solutions we can help you explore

Through our network you can explore many refinance routes depending on your debts, security available and business goals.

Loan consolidation

Combine multiple unsecured or secured loans into one facility to simplify payments and, often, reduce total monthly outlay. Best for businesses with multiple short-term facilities.

Refinancing secured loans

Replace an existing secured facility (e.g., against assets) with another lender offering better rates or terms. Useful if asset valuations or trading performance have improved.

Replacing merchant cash advances

High-cost MCA products can often be replaced by lower-cost term loans to reduce the immediate repayment burden.

Invoice finance refinance

Change providers or restructure your invoice discounting/ factoring arrangements to improve advance rates or reduce fees.

Asset refinance

Release cash against existing business assets (machinery, vehicles) to fund growth or repay higher-cost debt.

Commercial mortgage / property refinance

Refinance commercial property mortgages to secure better rates or release equity for business use.

For more details on specific refinance options, see our related resource: /refinance-loans.

Comparing refinance options: key factors UK businesses should review

When assessing refinance offers, examine more than headline interest rates.

• Interest rate & APR: Compare both fixed and variable rate scenarios and the annual percentage rate (APR) including fees.
• Fees & early repayment charges: Look for arrangement fees, valuation fees and any penalties for settling existing debt early.
• Security & guarantees: Know what assets or personal guarantees are required.
• Term length & flexibility: A longer term can lower monthly payments but increase total interest paid.

Questions to ask your broker: “What fees are included in the APR?” “Are there early repayment charges?” “What security is required?”

Eligibility requirements and documentation checklist

Typical eligibility signals

• Limited company status with trading history (lenders vary on minimum trading age).
• Turnover and profitability — many refinance facilities consider recent accounts and management accounts.
• Existing credit profile and repayment history.
• Value and ownership of assets (for secured refinance).

Preparation checklist

• Recent company accounts (usually 12–24 months).
• Management accounts and cashflow forecasts.
• Schedule of current debts (balances, interest rates, monthly payments).
• Business plan or use-of-funds statement if funds are for growth or restructuring.

Exact requirements vary by lender; your matched broker will give a tailored checklist.

Costs, risks and considerations

Refinancing can reduce monthly cost but may also involve fees or extend the overall term and total interest paid. Consider:

• Arrangement and valuation fees.
• Early repayment charges on existing facilities.
• Potential additional security or personal guarantees.
• The effect of longer terms on total cost.

Real-world example: how refinancing improved cash flow

Situation: A growing manufacturing firm had three short-term facilities and a merchant cash advance, monthly repayments squeezed cashflow and prevented investment in new equipment.

Action: The business completed a Fast Business Loans enquiry and was matched to a broker specialising in consolidation and asset refinance. The broker arranged a single secured term loan to clear the MCA and two short-term loans.

Result: Monthly repayments fell by 30%, cashflow improved, the company purchased a new machine which increased output and turnover within six months. (Fictionalised for illustration.)

Check Your Refinance Options – Free Eligibility Check

Why choose Fast Business Loans for refinance support?

• Fast matching: Short enquiry connects you to relevant lenders and brokers.
• Sector knowledge: We look for partners who understand your industry.
• No obligation: Using our service is free — proceed only if an offer suits you.
• Secure and private: Your details are shared only with partners who can help.
• Designed for loans from around £10,000 upwards.

Step-by-step: start your refinance enquiry today

1. Click Get Quote Now and complete the short form (under 2 minutes).
2. We match your details to lenders/brokers most likely to help.
3. Selected partners contact you to request any further documents and provide quotes.
4. Compare offers and decide — you are under no obligation to accept an offer.

Frequently asked questions about business loan refinancing

What types of business debts can be refinanced?

Most common: unsecured loans, secured loans, merchant cash advances, invoice finance and commercial mortgages. Availability depends on lender appetite and your business circumstances.

Will applying for refinancing affect my credit score?

Submitting an enquiry through Fast Business Loans does not affect your credit score. Lenders may run credit checks later in the process if you proceed with an application.

How long does refinancing take?

Timescales vary. Simple consolidations can complete in a few weeks; property or secured refinance can take longer depending on valuations and legal processes.

Do you charge a fee for connecting us with brokers?

Fast Business Loans does not charge businesses to use the service. We may receive a commission from partners if you proceed with a lender they introduce.

What information will a broker ask for?

Typically: company accounts, management accounts, ID for directors, list of existing debts and sometimes a business plan or forecast.

What happens after I submit the form?

We match and pass your details to select partners. Expect a call or email from a broker or lender to discuss options and next steps.

Helpful resources and next steps

• UK Government business finance support (general guidance).
• Explore related guides on our site for cashflow loans, asset finance and commercial mortgages.

Compliance & transparency

Fast Business Loans is an introducer — we do not lend or provide regulated financial advice. Submitting an enquiry does not guarantee funding. Specific terms, rates and eligibility are set by the lender or broker who provides the quote. We may receive commission from partners if you proceed.

If you’re ready to find out whether refinancing could help your business, start the process now: Free Eligibility Check.

Contact us: For privacy, complaints and full terms, please see our Privacy Policy and Complaints Procedure.

1) What is business loan refinancing?
Business loan refinancing replaces one or more existing business debts with a new facility to reduce repayments, consolidate borrowing, improve cash flow, or secure better terms.

2) Am I eligible to refinance my business loan?
Eligibility typically depends on UK trading history, stable or improving turnover and affordability, credit profile, and any available security, which a matched broker will assess.

3) What types of business debts can I refinance?
You can usually refinance unsecured and secured loans, merchant cash advances, invoice finance, asset finance, and commercial mortgages.

4) How much can I refinance and what’s the minimum loan size?
For refinancing, our partners generally start from around £10,000 and can consider much larger amounts depending on circumstances and security.

5) How long does business loan refinancing take?
Simple consolidations can complete in a few weeks, while secured or property refinances may take longer due to valuations and legal processes.

6) Will submitting an enquiry affect my credit score?
No—our enquiry is not a credit application and won’t affect your credit score, although lenders may run checks if you proceed.

7) Can I refinance with bad credit or after being declined elsewhere?
Potentially yes, as criteria vary across our panel and a broker may still find options based on affordability, security, and recent performance.

8) What costs and fees should I expect when refinancing?
Beyond the interest rate/APR, consider arrangement and valuation fees, any early repayment charges on existing debt, and security or personal guarantee requirements.

9) Do I need security or a personal guarantee to refinance?
Requirements vary by lender and product, with unsecured loans often requiring a personal guarantee and secured facilities backed by assets or property.

10) How does Fast Business Loans help with refinancing and what does it cost?
We act as an introducer that matches your enquiry to suitable UK brokers and lenders for free and with no obligation, and your enquiry is not an application.