What is refinancing? Refinancing is when an existing debt responsibility (for example a loan) is replaced with another debt responsibility under different terms.
For businesses, this can mean paying off an existing loan or loans by taking out a new loan or loans (sometimes known as rebanking). It is often part of a restructuring of a company's business.
On this page, we have included some reasons that your business may need to look into refinancing options. Followed by some options available to you. Please contact us should you have any queries.
Rebanking and refinancing offer ways of funding the working capital (the available cash) you may need to maintain your business or to seize opportunities for further expansion.
Common reasons for refinancing include:
Do you need to access working capital in order to meet your day-to-day business needs, or to explore new routes to market? Any of these methods could create a solution.