Can I Refinance or Consolidate My Business Debt? Commercial Finance Solutions

Summary: Yes — UK Business Loans can introduce your limited company to lenders and brokers who specialise in refinancing and consolidating commercial debt of £10,000 and above. Complete a short, no‑obligation enquiry and we’ll match you to the providers most likely to help reduce monthly repayments, combine multiple debts into a single facility, or restructure secured and asset finance. This is an introduction service only — your enquiry is not an application and typically won’t affect your credit score.

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Quick answer

Yes — UK Business Loans connects UK limited companies to a panel of lenders and brokers that offer refinancing and consolidation solutions for commercial debt from around £10,000 upwards. We don’t lend directly; we introduce you (free, no obligation) to providers who can review your debts and offer options to simplify payments, lower monthly costs or release working capital. Complete a brief enquiry for a free eligibility check and one of our matched partners will contact you.

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Why refinance or consolidate business debt?

If rising repayments, multiple creditors or used-up facilities are constraining growth, refinancing or consolidation can be a practical route to restore cashflow and reduce administration.

• Lower monthly payments: Combine higher-rate debts into a longer-term facility or into a loan with a lower rate.
• Simplify admin: One monthly payment instead of several reduces administrative overhead and missed payments.
• Free up working capital: Consolidation can release headroom from overdrafts or revolving facilities for day-to-day needs.
• Switch product type: Move from expensive merchant cash advances or multiple asset hires to a single, better-suited commercial loan.
• Release property equity: Refinance a commercial mortgage to access equity for growth or to pay down other debts.

When it may help (quick checklist):

• Multiple separate lenders / loan payments each month
• High-cost short-term facilities or merchant finance
• Asset finance with unfavourable terms
• Need to release equity from commercial property

Which commercial finance options can be used to refinance or consolidate?

Different debt types are best handled by different products. Below are the common routes our partners arrange and when each tends to suit.

Commercial mortgage refinancing

Used to restructure property-secured debt or release equity. Suits businesses with commercial property, longer trading histories and the ability to provide security. Pros: lower rates for large sums, longer terms. Cons: property risk if repayments aren’t met; arrangement and valuation fees.

Business loan consolidation (secured & unsecured)

Term loans can consolidate unsecured overdrafts, credit card balances or multiple loans. Suits companies with steady cashflow and demonstrable turnover. Pros: predictable repayments; straightforward comparison. Cons: unsecured loans may carry higher rates; lenders look for trading performance.

Asset finance refinancing

Refinance hire‑purchase or leasing agreements for machinery, vehicles or specialised equipment. Suits businesses that want to tidy multiple hire agreements into a single facility or release capital against assets.

Invoice finance / factoring

Not strictly a refinance but can replace expensive short-term borrowing by turning unpaid invoices into working capital. Useful where cash is tied up in receivables.

Development, bridging & specialist facilities

Short-term bridging or development finance can be used to refinance or bridge gaps between facilities — often relevant for property developers or businesses with project timing issues.

Sector-specific consolidation

Construction and sustainability sectors frequently use specialist lenders who understand project payment cycles, retentions and asset lifecycles. For detailed commercial property lending, see our commercial finance resource on commercial finance.

Typical eligibility signals: at least 12 months trading in many cases, validated turnover figures, management accounts, clarity on outstanding debts and the assets or security available.

How UK Business Loans helps — our matching process

We simplify the search for the right refinance or consolidation solution.

1. Quick enquiry: You complete a short form (basic business details, loan amounts, sector). This is not an application — it’s to check eligibility and match you to suitable partners.
2. Match: We compare your needs against our panel and introduce you to lenders or brokers with relevant experience.
3. Contact & quotes: A matched partner contacts you to request documents and provide indicative offers.
4. Compare & decide: Review offers, ask questions, and instruct the lender/broker you prefer. There’s no obligation to proceed.

No hidden fees for using our introduction service. Your enquiry does not usually affect your credit score — partners will only perform formal credit checks with your consent.

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What lenders and brokers will check

To assess whether refinancing or consolidation is suitable, providers commonly review:

• Recent management accounts and business bank statements
• Details of current debts and monthly repayments
• Trading history and turnover
• Projected cashflow or forecasts
• Security available (property, plant & machinery)
• Directors’ credit histories where relevant

Lenders may run soft affordability checks early on and will request hard credit checks only when you instruct them to proceed. We only pass your enquiry to partners who can help with the sort of facility you’ve outlined.

Common scenarios & short examples

Here are realistic, anonymised examples of how consolidation or refinancing can work.

• Construction contractor: Multiple short-term merchant loans and hire agreements were combining to create high monthly outgoings. Matched to a specialist construction broker who consolidated hire agreements into one asset finance facility and refinanced expensive short-term loans into a single term loan — reducing monthly payments and admin.
• Manufacturer: Fleet and machinery on separate leases. An asset refinance combined leases and released a small amount of equity to smooth cashflow during a seasonal slowdown.
• Renewables installer: Equipment hire and overdraft used to fund a big project. A commercial mortgage refinance on premises released equity to clear overdrafts, improving working capital and reducing interest costs.

Outcomes vary by case — matched providers will supply tailored illustrations after reviewing your documents.

Costs, terms and risks to consider

Refinancing or consolidation can deliver benefits, but be aware of possible costs and trade-offs.

• Upfront costs: arrangement fees, valuation, legal and broker fees.
• Exit or early repayment charges: your existing facilities may include break costs.
• Longer term may mean lower monthly payments but higher total interest over the life of the loan.
• Secured lending risks: if you secure a loan against property or assets, failure to meet covenants can put those assets at risk.

Always request full written terms, compare APR and total cost, and consider seeking professional tax/accounting advice if unsure.

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FAQs

Will submitting an enquiry affect my business credit score?

No — completing UK Business Loans’ enquiry form is a soft, no‑obligation check and does not normally affect your credit score. Lenders may perform formal credit checks later with your consent.

Can I consolidate secured and unsecured debts together?

Yes — it’s possible, but the most suitable solution depends on the amounts, security and lender appetite. Some lenders will refinance both debt types into a single secured facility; others may prefer to deal with unsecured elements separately.

How long does the refinancing process take?

Timescales vary. An initial match and call can happen within 24–48 hours. Formal offers, valuations and legal work for secured facilities typically take several weeks, while simple unsecured consolidations can be completed faster.

Can I refinance with adverse credit?

Some specialist lenders and brokers consider applications from companies with imperfect records. Our partners will advise on the best route; however, terms may be less favourable and additional security or guarantees may be required.

Do you lend directly?

No. UK Business Loans is an introducer — we connect businesses with lenders and brokers. We do not provide funds ourselves.

Trust, data handling and next steps

UK Business Loans introduces businesses to experienced lenders and brokers. Your enquiry is only used to match you with partners who can help and will be handled securely. Completing the form is not an application — it’s a simple eligibility check so partners can determine who is best placed to contact you and prepare a tailored quote.

Ready to see if you can refinance or consolidate your debt? Complete a short enquiry (it takes under two minutes) and we’ll match you with the most suitable lenders and brokers.

Start Your Enquiry — Free Eligibility Check

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Further reading & internal resources

For related information see: our pages on commercial mortgage options and asset finance (use site navigation to find detailed product pages).

To learn more about types of commercial lending, visit our commercial finance resource: commercial finance.

Compliance note: UK Business Loans is an introducer and does not provide regulated financial advice or lending itself. Enquiries are used to match your business with suitable lenders/brokers; any subsequent checks or offers are conducted by those providers. Privacy and data handling details are set out in our privacy policy.

1. Can I refinance or consolidate my business debt? — Yes — UK limited companies can often refinance or consolidate commercial debts from around £10,000+ by being introduced to specialist lenders and brokers via a free eligibility check.
2. What types of finance can be used to refinance or consolidate commercial debt? — Common options include commercial mortgage refinancing, secured or unsecured business loan consolidation, asset finance refinancing, invoice finance/factoring and short‑term bridging or development facilities depending on your debt mix.
3. How much can I refinance or consolidate? — Our panel typically handles facilities from about £10,000 up to multi‑million commercial deals, with suitability based on trading history, turnover and available security.
4. Will submitting an enquiry affect my business credit score? — No — completing UK Business Loans’ short enquiry is a soft eligibility check and does not usually affect your business credit, with hard checks only performed later with your consent.
5. How long does refinancing or consolidation take? — Initial matches normally happen within 24–48 hours, unsecured consolidations can complete in days to weeks, while secured refinances (mortgages/asset deals) generally take several weeks for valuations and legal work.
6. Can I consolidate secured and unsecured debts into one facility? — Possibly — some lenders will combine secured and unsecured debts into a single secured facility, but the best approach depends on amounts, assets and lender appetite.
7. What documents will lenders and brokers ask for? — Providers typically request recent management accounts, business bank statements, details of outstanding debts and repayments, turnover figures, cashflow forecasts and information on any security or assets.
8. Can businesses with adverse credit refinance or consolidate their debt? — Yes — specialist lenders and brokers may consider businesses with imperfect credit histories, although terms may be less favourable and extra security or guarantees may be required.
9. Do you lend directly or charge to use UK Business Loans? — No — UK Business Loans is an introducer that does not provide funds or regulated advice and our matching service is free and no‑obligation.
10. What are the main costs and risks to consider when refinancing or consolidating? — Key considerations include arrangement, valuation, legal and broker fees, early‑repayment or exit charges on existing facilities, potentially higher total interest with longer terms, and the risk to secured assets if repayments are missed.