Can a business finance broker help me refinance?
Yes, refinancing is one of the more common reasons established businesses use a broker, often just to check the current deal still stacks up. A broker can review your existing facilities, compare them against what else is available now and work out whether moving actually makes sense once exit fees, break costs and new establishment costs are weighed up. Sometimes the answer is stay put. Sometimes it’s consolidate three facilities into one and free up some cash flow.
Common reasons businesses refinance
- A fixed rate term ending and the facility rolling to a much higher variable rate
- Several facilities across different lenders that would be simpler and cheaper managed as one
- The business has grown and outgrown the lender that first said yes years ago
- Pulling equity out of property or paid off equipment to fund growth or a new purchase
- A lender relationship that’s simply gone stale, slow service, no flexibility, no interest in the account
Not every one of these ends in an actual refinance. Sometimes the review alone is worth doing every couple of years regardless.
What to weigh up before moving
Refinancing isn’t automatically the right move even when a sharper rate is on the table somewhere else. Exit fees, discharge costs, break costs on a fixed rate facility and new establishment costs all eat into the saving, sometimes enough to wipe it out in year one. A broker should be running these numbers for you honestly, including the scenario where staying put is actually the better outcome. Your accountant is the right person to weigh up any tax impact of restructuring debt, particularly around interest deductibility.
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Last updated 15th July 2026. Reviewed by Authorised Credit Representative 554584 of Australian Credit Licence 414426.