Business Refinance Loans: Compare UK Options Fast

Summary: If your company wants to restructure or consolidate borrowing, refinance can reduce monthly costs, improve cash flow or extend terms. Fast Business Loans does not lend — we match UK companies (loans from £10,000+) with brokers and lenders who specialise in refinancing. Complete a free, no-obligation enquiry to get matched quickly and without impacting your credit score: Get a Free Eligibility Check.

Why consider business refinancing now?

Refinancing can be a strategic move when interest rates, lender appetite or your business priorities change. You might refinance to:

• Reduce monthly repayments to free up cash flow.
• Consolidate multiple facilities for simplicity and better oversight.
• Replace expensive short-term borrowing (e.g., merchant cash advance) with longer-term, lower-cost finance.
• Release capital tied in assets or restructure property finance.
• Support growth by moving from restrictive borrowing to more flexible terms.

Refinancing isn’t automatically the right choice — compare options and ask partners about total cost, term and any penalties. To explore options quickly, complete a short enquiry to Get Quote Now.

What is business loan refinancing?

Refinancing means replacing or restructuring existing borrowing. That could be:

• Consolidating several loans into one facility;
• Switching to a new lender with better terms;
• Extending repayment periods to lower monthly costs;
• Using asset or property security to access cheaper rates.

Key ways UK businesses use refinancing

• Debt consolidation — combine overdrafts, merchant advances and loans.
• Cost reduction — secure a lower interest rate or longer term.
• Working capital relief — reduce monthly servicing to improve cash flow.
• Asset-backed refinancing — release value from machinery or property.

Benefits & trade-offs

All outcomes are subject to lender approval. Fast Business Loans can introduce you to partners who will explore whether refinancing could be advantageous for your business.

Refinance products we can introduce

Term loan refinance

What it is: Repay existing unsecured or secured loans with a new term loan (typically fixed or variable rate). Typical loan sizes: from £10,000 to several million depending on business size. Repayments: monthly or quarterly. Ideal for businesses wanting predictable repayments and simplified borrowing.

Asset & equipment refinance

What it is: Use existing machinery, vehicles or equipment as security to refinance and potentially release cash. Typical sizes: from £10k upwards. Repayment: structured over the useful life of the asset. Best for capital-intensive operations wanting to unlock working capital.

Invoice & merchant cash advance refinance

What it is: Replace expensive merchant cash advances or restructure invoice finance lines onto more favourable terms. Useful for businesses with strong receivables who want to lower effective cost and smooth cash flow.

Commercial mortgage refinance

What it is: Remortgage commercial property to secure better interest rates, change lenders, or raise funds. Size and eligibility depend on property value, loan-to-value and business cash flow. Timelines are typically longer due to valuations and legal work.

Learn more about options and specialist paths by comparing offers — Compare Refinance Offers. For a focused guide to remortgaging, see our refinance loans page on refinance loans: refinance loans.

Who we help (eligibility snapshot)

We introduce lenders and brokers who typically work with limited companies and incorporated businesses (not sole traders or professional-only lending). Quick eligibility signals:

• Trading history: usually 12+ months preferred (some partners accept younger limited companies case-by-case).
• Turnover: varies by lender — many panels cover small (£100k–£1m) to mid-market (£1m+) turnovers.
• Loan size: we focus on enquiries from around £10,000 upwards.
• Clear business purpose and up-to-date management accounts improve outcomes.

Documentation & preparation checklist

• Latest 12–24 months management accounts and latest balance sheet.
• Business bank statements (typically 3–6 months).
• Details of existing loans, overdrafts, merchant advance agreements.
• Copies of any property or asset valuations (if available).
• Recent credit information and director details.
• Cashflow forecast or business plan if seeking larger or longer-term refinance.

Fast tip: have your management accounts and bank statements ready — it speeds up matching and assessment.

How the Fast Business Loans process works

1. Complete a short enquiry — tell us about your company, current borrowing and what you want to achieve. This is free and won’t affect credit scores. Get Started Free Eligibility Check.
2. We match you — your enquiry is shared securely with selected brokers or lenders suited to your sector and needs.
3. Receive proposals — expect contact by phone or email to discuss indicative terms and documentation requirements.
4. Decide and proceed — you choose whether to accept any offer and proceed to formal application with the lender or broker.

We are an introducer, not a lender. There is no obligation to progress after you’re matched.

How lenders assess refinance applications

Lenders typically look at:

• Affordability: verified cash inflows and outflows to ensure repayments can be met.
• Security: whether the loan is to be secured against property, plant or other assets.
• Credit profile: business and director credit histories.
• Sector & contracts: the stability of your revenue streams and client contracts.
• Management strength: evidence of competent governance and realistic forecasts.

Pricing, fees & timeline expectations

Indicative ranges only — exact pricing depends on lender, product, credit strength and security:

• Interest: varying widely by product and risk; your broker will present indicative ranges.
• Arrangement fees: typically 1–3% for term loans (may vary).
• Valuation and legal fees: apply for secured facilities (commercial mortgages often require full legal and due diligence costs).
• Timeline: unsecured refinancing can be fast (days–weeks). Secured property refinances usually take several weeks to months.

Remember: late or missed repayments may incur fees and affect credit ratings.

Scenario snapshots (examples)

Frequently asked questions

Can I refinance if my business has several lenders?

Yes. Consolidation is commonly arranged, subject to affordability and lender acceptance.

Will an enquiry affect my credit score?

No — submitting an enquiry via Fast Business Loans does not affect your business credit score. Formal applications with lenders may trigger checks.

Are there penalties for early repayment?

Some existing facilities include early repayment charges. A broker will check the cost-benefit of refinancing after factoring any penalties.

Does refinancing always save money?

Not always. Lower monthly payments can lengthen terms and increase total interest. A broker will outline trade-offs so you can make an informed decision.

Next steps & support

If you’re considering refinancing, the quickest way to start is to complete our short enquiry. We’ll match your company with lenders or brokers who understand your industry and refinance goals. It’s free and no obligation: Start Your Refinance Enquiry.

Compliance & transparency statement

Fast Business Loans is an introducer — we do not lend money and we do not provide regulated financial advice. We connect businesses with lenders and brokers who will present options. Outcomes are subject to lender approval. You should consider independent professional advice where appropriate. Completing our enquiry will not affect your credit score. Your details are handled securely and only shared with relevant partners for the purpose of matching you with finance options.

Useful resources

• Gov.uk — Business finance support
• British Business Bank — finance guides for SMEs

1) What is a business refinance loan?
A business refinance loan replaces or restructures your existing borrowing (e.g., consolidating loans, switching lender, extending terms, or using assets/property as security) to reduce monthly costs or improve cash flow.

2) Can I consolidate multiple business loans into one?
Yes—consolidation into a single facility is common, subject to affordability checks and lender approval.

3) Is the Fast Business Loans enquiry an application?
No—the online enquiry simply gathers details to match you with suitable UK brokers and lenders with no obligation, and Fast Business Loans is an introducer, not a lender or financial adviser.

4) Will submitting an enquiry affect my credit score?
No—your enquiry with Fast Business Loans does not affect your credit score; credit checks only occur if you choose to proceed with a formal application to a lender.

5) How long does business refinancing take?
Unsecured refinance can complete in days to weeks, while asset-backed or commercial mortgage refinance typically takes 1–3 weeks to several months due to valuations and legal work.

6) Can I refinance a merchant cash advance or invoice finance facility?
Yes—our partners often refinance merchant cash advances or restructure invoice finance to lower effective costs and smooth cash flow, subject to lender acceptance.

7) What loan amounts can you help with?
We typically support refinance enquiries from around £10,000 upwards, with larger facilities available depending on your business profile and security.

8) Who is eligible for business refinance via Fast Business Loans?
We usually introduce incorporated UK businesses (often with 12+ months’ trading), and we do not generally support sole traders.

9) What documents will lenders ask for?
Expect recent management accounts, 3–6 months of business bank statements, details of existing borrowing, any asset/property valuations, director information, and for larger cases a cashflow forecast.

10) What costs and fees should I expect when refinancing?
Costs may include interest, arrangement fees (often 1–3%), valuation and legal fees for secured loans, and any early repayment charges on your current facilities.