Refinancing and business debt consolidation
Knowing how to manage debt is vital. Consolidation and refinancing are two ways to restructure what your business owes.
Learning how to manage debt is a crucial part of running a business.
Yet, all too commonly, adverse trading conditions make your existing debt a burden that sucks cash out of the business.
If you want to reduce your debt by making the cost of servicing it more manageable, you can consider consolidating a number of separate loans and/or refinancing a single loan.
Consolidating and refinancing are two separate approaches to restructuring your business debt.
Enter your postcode to find business support and case studies from businesses within your region. You'll be taken to our interactive map.
Reference to any organisation, business and event on this page does not constitute an endorsement or recommendation from the British Business Bank or the UK Government. Whilst we make reasonable efforts to keep the information on this page up to date, we do not guarantee or warrant (implied or otherwise) that it is current, accurate or complete. The information is intended for general information purposes only and does not take into account your personal situation, nor does it constitute legal, financial, tax or other professional advice. You should always consider whether the information is applicable to your particular circumstances and, where appropriate, seek professional or specialist advice or support.
Making business finance work for you
Starting a business doesn’t come with a set of instructions.
We know that understanding the many different types of financial product in the marketplace can be difficult.
Our Making business finance work for you guide is designed to help you make an informed choice about accessing the right type of finance for you and your business.