Refinancing Your Business Loan

4 REASONS why you may need to REFINANCE


People are constantly being reminded to shop around for the best deals on their personal finances, but when was the last time you considered refinancing your business loans?

Whether you're looking to save money on your total repayment, cut down on monthly outgoings, or take up a completely different lending option altogether, refinancing can bring a wealth of advantages to your business.

Read on to learn more about some of the most popular reasons that businesses choose to refinance with Capitalise.

reason one

Cut Down Repayments With More Competitive Rates

Any outstanding loan that you're repaying will need to be paid back with either interest or fees attached, and the better the rate you can negotiate, the cheaper the overall cost of the borrowing will be.

If you originally took out a bad credit business loan, your credit score may have improved sufficiently to now access a more traditional lending option. Lower interest rates and fees could help to significantly reduce the time it will take for you to pay off your outstanding balance, reduce the monthly repayments, or both.

reason two

Convenient Repayment Terms That Fit In With Your Evolving Business

As you meet the peaks and troughs of the business world, your revenue is likely to increase and decrease accordingly and you may find that your existing repayment structure no longer suits your cash flow. Refinancing is a great option for businesses that wish to increase or decrease the length of their loans.

Spread out your repayments over a longer period to reduce your monthly spending, or increase your repayments to get your loans paid off more quickly.


Discover New Lenders & Products

The finance sector is forever changing with new lenders and innovations coming to market on a regular basis. At Capitalise, we're constantly updating our list of partners and products to ensure that our customers have continued access to the most suitable, competitive options available.

Our intuitive loan comparison hub offers a safe and secure way to store your application details, meaning that you'll quickly be able to scour the market for new products when you choose to review your business finances.


Increase Your Borrowing To Improve Cash Flow 

Investment is key to growth and whilst it's great to reduce your outstanding liabilities, extending your borrowing can provide the foundation on which to propel your business to the next level.

When it comes to increasing your borrowing, refinancing can be a far more cost effective and efficient way of doing this rather than having several loans running at the same time. It's far easier to keep on top of one regular payment rather than trying to manage multiple loans across different lenders, plus you may get a better overall deal by consolidating your finances into one place. 


How Can Capitalise Help Me To Refinance?

Once you submit an application through the Capitalise platform, our intuitive system will match your business with a list of suitable providers. You’ll be able to quickly and easily compare lenders across a broad range of product options in order to find a more beneficial solution for your company.

Torn between more than one option? Submit one no obligation application to multiple lenders and make your final decision once underwriting has been completed.