Business debt consolidation, one repayment to manage
Loans, cards and short-term lenders draining cash flow? Your broker looks at rolling them into one manageable repayment.
- Free to compare
- A specialist partner broker, start to finish
- No credit score impact
Typical ranges only. Actual limits depend on the lender and your circumstances.
Example rate only: not a comparison rate, quote or offer of credit. Your rate depends on your credit profile, the lender and the asset. Excludes fees and charges.
Free, confidential help is available from the Small Business Debt Helpline on 1800 413 828.
How business debt consolidation works with us
Growing businesses often collect debt from several places: an unsecured loan, a card, a daily-repayment short-term lender. Together they can squeeze cash flow hard.
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Your broker reviews what you owe and whether one loan, possibly secured, would lower repayments. If consolidation doesn’t stack up, they’ll say so.
- Unsecured business loans
- Business credit cards
- Short-term and daily-repayment lenders
- Overdrafts
- Equipment or vehicle loans
- Supplier debts
One repayment
Swap several due dates and lenders for one facility.
Better cash flow
Longer terms or a lower rate can free up monthly cash.
Daily debits gone
Replace daily or weekly repayment lenders with monthly repayments.
Honest numbers
We show total cost over the term, not just the lower repayment.
When consolidating business debt helps, and when it doesn't
Consolidation can ease cash flow and simplify admin, especially replacing daily or weekly debits, though total cost may not fall. It helps less if the business isn’t covering its costs; check cash flow with your accountant, or call the Small Business Debt Helpline (1800 413 828).
Read the full explanation
Consolidation tends to help when you have several debts with frequent repayments, especially daily or weekly debits from short-term lenders. Rolling them into one facility with monthly repayments and a longer term can ease cash flow, even if the total cost over time does not fall. It also simplifies admin and makes it easier to see where you stand. Some businesses use property or equipment as security to access a lower-cost facility, which can reduce costs but adds risk.
It is less helpful if the underlying problem is that the business is not covering its costs. Stretching debt over a longer term can lower repayments while increasing the total paid, and if spending stays the same, new debts may build up again. Before applying, it is worth working through your cash flow honestly, ideally with your accountant. If debts are overwhelming, the free Small Business Debt Helpline on 1800 413 828 can also help you understand your options.
- Businesses juggling several loans and cards
- Owners with daily or weekly lender debits
- Businesses wanting one monthly repayment
- Owners with equity or assets for security
Pros and watch-outs
Pros
- One repayment instead of several
- Can replace daily debits with monthly payments
- Clearer picture of business debt
- May reduce total cost in some cases
Watch-outs
- !Longer terms can increase the total paid
- !Payout costs can reduce savings
- !Securing debt against property adds risk
Costs and fees to compare
The interest rate is only part of the cost. Ask your broker to show these side by side.
Interest
Depends on security, term and your business profile.
Break or payout costs
Some loans charge full interest or exit fees on early payout.
Establishment fee
The new loan will usually carry a setup fee.
Longer term
Lower repayments over more years can mean more total interest.
Security costs
Property security may involve valuation and legal fees.
Tips to strengthen your application
- 1List each debt’s balance, repayment and payout figure
- 2Ask each lender for a written payout quote
- 3Compare total cost over the full term
- 4Review spending with your accountant so debts don’t rebuild
What you’ll need
What you’ll need
- ABN and business registration
- Driver’s licence for each director or owner
- Recent business bank statements
- BAS or financials (full-doc loans)
- Statements for each debt to consolidate
What lenders look for
- An active ABN (some lenders want 12 months+, others accept newer)
- GST registration for larger or low-doc deals
- Directors or owners with clear credit, or a good explanation
First chat to funds in four steps
How it works in detail →- 1Tell us what you’re after
- 2Meet your broker
- 3Compare and choose
- 4We handle the rest
Business debt consolidation: common questions
Will consolidating save me money?
Not always. A longer term can mean more interest overall even if repayments drop. Your broker compares the total cost so you can decide.
Can I consolidate debts from short-term lenders?
Often, yes. Paying out high-cost, daily-repayment loans is one of the most common reasons businesses consolidate.
Do I need property as security?
Not always, but secured options usually come with lower rates.
Can tax debt be included?
In some cases. See our Tax & ATO debt page for how lenders approach this.
Will business debt consolidation affect my credit score?
Applying for new finance can be recorded on your credit file, and closing old accounts changes your profile. Over time, a single manageable repayment made on time may help. Your broker aims to approach lenders likely to suit, rather than applying widely.
Can I consolidate business and personal debts together?
Sometimes, particularly for sole traders or where property secures the loan. It depends on the lender and how the debts are structured. Your accountant can advise on any tax impact of mixing business and personal debt.
What if I can't get approved for a consolidation loan?
There may be other options, such as negotiating with existing lenders or seeking advice from a financial counsellor. The free Small Business Debt Helpline on 1800 413 828 can help you look at your options.
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