Refinance & Finance
Restructures
What is refinancing?
Refinancing involves replacing existing borrowing with a new commercial finance solution, often to improve rates, reduce monthly payments or consolidate multiple lenders into one.
Finance restructuring can simplify your position and improve cashflow. It’s ideal for those who have a large amount of lending in various places.
Why do businesses refinance?
Over time, businesses can accumulate multiple agreements at different rates and terms. Lending that is scattered can become expensive and difficult to manage.
- Refinancing may help when:
- Monthly payments feel high
- Interest rates are outdated
- You want to consolidate lenders
- You need to release equity from assets
There is the potential for you to save substantial amounts by consolidating all of your debts into one lender and at a reduced rate.
What do lenders consider?
- Often, when refinancing or restructuring your finance they’ll be looking for:
- What your settlement figures on existing agreements are
- Your current business performance
- The value of assets, where relevant
- Your credit profile
Each case takes into consideration your affordability and overall finance position.
Why Meridan Finance?
We review your current arrangements carefully and assess whether restructuring could strengthen your position. Honest advice matters here, so if refinancing will not improve your situation, we will tell you and we’ll recommend what finance options may be open to you.
Not sure if your current finance agreements are the best you can get?
Get in touch with us.