Guide index · Sorbus Finance
Refinancing and consolidation guides
Quick answer
These guides answer questions UK business owners can consider about refinancing and consolidating debt: what the terms mean, when it makes sense, how the process works, what it costs, what lenders ask for, and what to do instead. Start with the question closest to your situation.
How are these guides organised?
Each guide targets one question so you can go straight to the answer you need. The overview page ties them together. Guides on specific situations, such as merchant cash advances or equipment finance, explain how those products differ from an ordinary term loan when you try to refinance them.
All guides are general information prepared as drafts and are pending qualified review. They are not financial, legal or tax advice.
Which guide answers your question?
- Business loan refinancing and consolidation: a UK guideHow refinancing and consolidating business debt work in the UK, when they help, when they cost more, and what lenders typically look at. General guidance.
- Debt consolidation vs refinancing: what is the difference for a business?The practical difference between consolidating several business debts and refinancing one, with a comparison table and the questions that decide which fits.
- When should a business refinance its loans?Signs that refinancing a UK business loan may be worth exploring, signs it probably is not, and timing points to check in your existing agreement.
- How does business loan refinancing work, step by step?The typical stages of refinancing or consolidating UK business debt, from listing what you owe to settling old agreements and releasing security.
- What do lenders look for when you refinance business debt?The factors UK lenders commonly consider for business refinancing and consolidation, and the documents to prepare. No fixed criteria; each lender differs.
- What does business loan refinancing cost, and what are the risks?The costs to weigh when refinancing UK business debt, the risks behind a lower monthly payment, and an illustrative tool using only figures you enter.
- What are the alternatives to refinancing business debt?Options to consider instead of, or before, refinancing: talking to your lender, invoice or asset finance, cost and cash changes, and free debt advice.
- How do you consolidate multiple business loans into one?How to approach consolidating several UK business loans: building a debt schedule, choosing what to include, and avoiding common traps.
- Can refinancing help with business cash-flow pressure?When refinancing may ease business cash-flow pressure, when it only delays a problem, and the warning signs that call for debt advice instead.
- Can you refinance or consolidate a merchant cash advance?How merchant cash advances differ from loans, why settling one early may not reduce its cost, and what to check before refinancing or consolidating one.
- Can you refinance or consolidate equipment and asset finance?What to check before refinancing hire purchase, leases or other equipment finance, including ownership, settlement terms and asset refinance.
- Request a refinancing and consolidation reviewAsk Sorbus Finance to review your existing business borrowing and discuss whether refinancing or consolidation may be worth exploring. No obligation.
General information, not financial, legal or tax advice. This page explains concepts in a UK context. Whether any option is available, and on what terms, depends on the lender, the specific agreement and your business's legal structure. Sorbus Finance is a broker, not a lender. Read our initial disclosure and commission disclosure.
Frequently asked questions
Which guide should I read first?
If you are unsure whether you need refinancing or consolidation, start with the comparison guide. If you already know and want to judge whether it is worth it, go to the costs and risks guide and use the comparison tool with your own figures.
Is there a page about using a loan to pay off debt?
Yes. Our separate business loan question page covers that narrower question directly. These guides go wider, covering the full refinancing and consolidation process.
Prefer to talk it through?
Leave your details to request a discussion about your borrowing. This form is an enquiry, not a loan application. Ask the adviser what consent and credit checks would be needed before a lender application proceeds.