Short answer
Business Loan Refinancing: what matters first
Business loan refinancing replaces one or more existing facilities with a new one, usually to lower repayments, lengthen the term or consolidate several debts into one. It only makes sense if the new structure improves the position once payout figures, early repayment costs and new fees are counted. Start with a payout figure for each facility, then compare the total remaining cost against the full cost of the replacement.
Who it is for
Refinancing suits businesses where the existing debt structure, not the trading, is causing pressure.
- Businesses with several daily or weekly repayments
- Owners with stacked short-term loans or merchant advances
- Businesses whose trading has improved since the original loan
- Operators wanting one repayment instead of several
Common reasons to refinance
A refinance should solve a specific structural problem.
- Consolidating several facilities into one
- Moving from daily to weekly or monthly repayments
- Extending the term to reduce repayment size
- Replacing a more expensive facility
- Releasing cash flow for operations
What affects eligibility
The new lender needs to see that the business can carry the replacement facility comfortably.
- Current revenue and account conduct
- Repayment history on the existing facilities
- Total debt relative to turnover
- ATO position and any arrears
- Payout figures and any early repayment costs
What documents are needed
A refinance review starts with a full picture of what is owed today.
- Recent business bank statements, usually the last 3 to 6 months
- ABN, entity and director details
- Requested amount and a clear funding purpose
- Basic turnover, trading history and contact details
- Current statements and payout figures for each existing facility
- A short explanation of the refinance goal
Frequently asked questions
Will refinancing reduce what I pay overall?
Not always. A longer term can lower each repayment but increase the total cost, and early repayment costs on existing facilities can outweigh savings. Compare the dollars remaining on current facilities with the full cost of the replacement before deciding.
Can I consolidate merchant cash advances into one loan?
Sometimes. It depends on payout figures, the business's revenue and account conduct, and whether a lender sees the consolidated position as affordable. Our guide to refinancing short-term business debt explains what lenders look at.
What do I need before I refinance?
A current payout figure and statement for each existing facility, recent business bank statements, and a clear goal, such as lower repayments, fewer facilities or a longer term.
Does Blackcube Capital refinance the loan itself?
No. Blackcube Capital is a commercial credit facilitator, not a lender. Refinancing is provided by third-party lenders, subject to their assessment, approval and terms.
Check options
Get a practical view before you apply broadly.
Tell us the funding amount, turnover and purpose. A lending specialist will review what looks realistic and explain the next step if there is a lender fit.