Debt Consolidation Loan

Debt Consolidation Loans for UK Businesses

If your business is managing multiple finance agreements, loans, or credit lines, debt consolidation finance can help simplify your repayments, improve cash flow, and potentially reduce your overall borrowing costs.

At MAF Finance Group, we work with businesses of all sizes to restructure existing debt into a more manageable financial arrangement. Whether you’re looking to lower monthly outgoings or reduce administrative burden, we can help you take control of your finances.

What is a debt consolidation loan?

Debt consolidation finance allows businesses to bring together several existing debts into a single, streamlined facility. Instead of juggling multiple repayments, your financial commitments are combined into one structured repayment plan, with potentially better terms.

This type of finance can be used to pay off a mix of outstanding loans, equipment finance, credit facilities, or other short-term borrowings. By consolidating, you may be able to secure extended repayment terms or simply improve management over your financial obligations.

Debt consolidation can free up capital, support cash flow, and give you a clearer picture of your business's financial health.

What finance options are available with a debt consolidation loan?

Unsecured business loan: This type of lending allows businesses to have a loan arranged without having to use assets as security against the loan. An unsecured loan is approved based on the creditworthiness of the business, making it suited to companies who do not own many assets, or who would rather not use business assets as security for a loan. Early repayment options and tailored agreements make unsecured lending a flexible solution for businesses.

Secured business loan: This loan type allows businesses to receive funding by using a business property as security. Once the property is evaluated to see whether it is suitable to be used as security, a business can usually receive a loan worth up-to 75% of the property’s value. As collateral is provided, secured loans are typically seen as lower risk by lenders.

Asset refinance: Asset refinance leverages the value in owned assets, where an asset is sold, and you repay it over a period of time. Throughout the financing period, the asset is still able to be used for business purposes, ensuring operations are not disrupted. Businesses can use the funds for purchasing new assets, or paying off existing debt, streamlining their repayments.

Benefits of a debt consolidation loan

• Simplified repayments
• Improved cash flow
• Potential cost savings
• Tailored solutions
• Flexible offerings
• No early repayment fees with unsecured lending

How long does it take to secure a debt consolidation loan?

The timeline for arranging debt consolidation finance can vary depending on your current agreements and the documents required. However, once all relevant information is submitted, we can often secure approvals within 24 to 72 hours.

To keep things moving efficiently, it helps to have up-to-date financial accounts, details of your existing agreements, and a clear business plan. Our team will manage the process for you from start to finish, ensuring minimal disruption.

Applying for a debt consolidation loan

MAF Finance Group can compare offerings from a wide range of banks and alternative funders to determine the most suitable solution.

To get a quote or to learn more, simply fill out the form below. To speak to us directly, call us on 0115 958 6872, and a member of our team will be happy to speak to you. Alternatively, email us at [email protected].