Bellissima Weddings
BRIDAL BOUTIQUE
Essex
"Laura and Michael at Bellissima Weddings used their business loan to grow their business and now employ 14 staff."
Refinance your business loan
Take control of your future with finance from the business loan specialists. Apply in 7 minutes today.
Apply online in 7 minutes
Decision in as little as 1 hour
Borrow £10,000 to £750,000
Rates from 6.9% per year
Funding Circle has worked with the British Business Bank since 2013, supporting thousands of businesses as one of the largest providers of Government-backed loans including through the Growth Guarantee Scheme.
Refinance your business loan to help manage your monthly repayments
Refinancing a business loan or other business debt can have several advantages. You may get a better interest rate, which will reduce the cost of borrowing, or you could extend your loan term to reduce your monthly repayments.
If you have multiple business debts such as loans, credit cards or overdrafts, consolidating them all into one monthly repayment can make it easier to manage your cash flow and free up your time. All our small business loans are fixed rate too, so you’ll know exactly what’s due every month.
Benefits of refinancing your business loan
- Save on your monthly repayments
- Reduce overall cost
- Consolidate different debts
- Help manage your cash flow
- Simple application process
- Specialist small business loans
Check your eligibility in 30 seconds with our online form without affecting your credit score.
Applying is quick and easy
1
Check if you qualify in 30 seconds
See if you’re eligible without affecting your credit score
2
Apply online in 7 minutes
Complete our simple form with your details, and we’ll only ask for supporting documents if we need them
3
Get approved in as little as 1 hour
If approved, you’ll receive no-obligation offer with your personalised rate
4
Get your funds in a couple of days
Once you accept your offer we'll deposit the money into your account - typically within 48 hours
Here to help if you need us
Contact our UK-based team if you have any questions
Strings Club
MUSIC CAMP
England
"Amy at Strings Club used her business loan to expand her business and keep up with demand, now running 6 successful clubs across the country."
We’ve helped over 103,000 businesses borrow £13.6 billion to take their business further.
£13.6 billion
lent to businesses
Frequently asked questions
Refinancing a loan is the process of paying off an existing loan and replacing it with a new loan. This is usually done to reduce monthly repayments, save on interest, or to make debts easier to manage.
You can get a small business loan from £10,000 to £750,000 to refinance your existing loan.
Our rates start at 6.9% APR. Depending on your provider, there may be some added cost from your current lender.
To be eligible to refinance your business loan with Funding Circle you need to meet the following criteria:
- Turnover of over £200,000
- Minimum 3 years of trading history
- Over 50% of turnover from trading activity (e.g. not from investments)
- Loan is for business purposes
- Loan is primarily for trading in the UK
Use our business loan eligibility check to see if you are eligible to refinance your business loan.
If you’ve already been refused a business loan there are a few steps you should take before trying to refinance your business loan:
You will be in a better position to reapply for business loan refinancing once you’ve taken these steps.
Typically, you will get a decision on business loan refinancing in as little as 1 hour. If your application is successful you should receive your loan within 7-14 days.
Yes, you can settle your loan early after the first four months of your loan term. There are no fees for full early repayment. If you repay your business loan after the first 12 months, you must pay the interest due until the next repayment date.
Please refer to this article for more details on how to pay back your small business loan early.
All information is correct at time of publishing. While we want to help as much as we can, the information and documents found here are provided solely for informational purposes and should not be considered financial or legal advice. To the extent permitted by law, Funding Circle does not accept any liability for any loss or damage which may arise directly or indirectly from the use of, or reliance on, the information contained here.If you have any questions, please speak to your professional adviser or seek independent legal advice.