Refinancing expensive business debt

Many businesses end up with expensive debt for understandable reasons. A short-term loan solved an urgent problem. Then another covered the next gap. Before long, the account has two or three lenders debiting it every day, and most of each week’s takings are gone before wages are paid.

Signs refinancing could help

• Several lenders debit the account daily or weekly.
• Repayments take a large share of monthly deposits.
• New short-term loans are being taken to cover existing ones.
• The business has stabilised since the original loans were taken.
• There is property equity that is not being used.

How a refinance works

1. Gather a payout figure for each existing facility, including any early repayment fees.
2. Add them up, plus any costs of the new loan.
3. Replace them with a single loan on terms that fit the business’s real cash flow.
4. The new lender pays out the old facilities at settlement, so they close cleanly.

The result is one repayment, or none during the term if interest on a property-secured loan is paid up front or capitalised, and a clear end date.

Quick sense check? Tell us the amount and the purpose. A person will call with an honest read, and your credit file stays exactly as it is.

Comparing before and after

	Before	After
Number of lenders	Several	One
Repayment frequency	Daily or weekly	Weekly, monthly or none during the term
Cash left for wages	Squeezed	Restored
End date	Unclear, rolling	Defined

Use the repayment calculator to compare the weekly cost of your current loans with a single new loan.

Why property security often decides it

Stacked short-term debt tends to show up on bank statements, which makes unsecured lenders cautious. Property-secured refinancing, from $20k to $5m with no valuation, relies on the property and gives room for a longer term. That is usually what breaks the cycle. Our guide to getting off daily repayment loans explains the process step by step.

Make sure it sticks

A refinance only helps if new short-term debt does not pile back on. Pair it with a simple cash flow forecast and, if gaps recur, a modest line of credit sized to the real need.

Key takeaways

• Replaces several costly repayments with one
• Lower weekly outgoings free up working capital
• Property security often makes the biggest difference
• Check early payout costs on existing loans first

How we work through it with you

The process is built to avoid wasted time. The enquiry asks only what matters. The first call gathers what is missing. Statements are shared securely online, documents are signed electronically and any property security is prepared in parallel. Straightforward files can be approved within the hour, and funds can land within 24 hours once everything is signed. More complex files take a little longer, and you will be told why. Where a step is waiting on someone else, such as a co-owner’s signature, we will tell you so it can be chased.

Funding or another fix?

Ask yourself where the repayment will come from. A customer payment, the next peak season, a property sale or steady trading are all real sources. Hope is not. If you can point to the money that will clear the loan, and roughly when, funding is likely to help. If you cannot, talk to your accountant about the underlying numbers first.

Paperwork worth gathering

You do not need a folder of financial statements to start an enquiry. For most unsecured and property-secured funding, these few items cover the essentials:

• Photo ID for each director or owner.
• Access to your business bank account for a secure statement link.
• Your latest BAS, if it is handy.
• Details of existing finance, including any daily or weekly repayments.
• For property-secured funding, the property address and current loan balance.

A quick word on the enquiry form

The enquiry asks for the amount, the purpose, how long you have traded, your monthly revenue, your credit history, your state and whether you own real estate. Each answer steers your enquiry towards the right option. Accurate answers let the first call move straight to solutions. Rounded-up turnover or a credit history that turns out to be different from the form means starting again, which costs everyone time.

Check your eligibility

The next step is simple: send us the basics and a real person will call. There is no credit check when you submit it, and nothing goes to another lender without you knowing. Fill the form in accurately, especially the amount and your monthly revenue, because those two answers decide which option fits and how quickly it can move.