Finance for refinancing business debt, shaped around how you get paid.

When a lower rate, a longer term or consolidating several facilities reduces the total cost or the monthly repayment enough to outweigh exit fees and set-up costs. Facilities taken when the business was smaller or its credit weaker are the most common candidates. A broker runs the numbers including early payout costs before recommending a switch.

Yes. Some lenders refinance tax debt into a term loan secured against equipment or property, which protects a payment arrangement and frees cash flow, while others exclude ATO debt altogether. Lender choice matters and a broker knows which will accept it.

Yes. Equipment and vehicle loans can be refinanced onto a longer term, a lower rate or with a balloon added, and unencumbered assets can be used to raise cash through a sale and leaseback. Lenders assess the equipment’s value and age and the remaining term.

Yes. Refinancing a commercial property loan at a higher value or lower loan-to-value ratio can release equity for working capital, expansion or debt consolidation, typically up to 70 to 80 per cent of the property’s value. Lyft Financial handles commercial property refinancing.

Yes, a number of lenders on our panel will fund tax debt, either as an unsecured business loan or secured against property or equipment. The usual purpose is to replace ATO general interest charge with a structured repayment and to clear a debt that is blocking other finance. Lenders will want the ATO portal statement showing the balance and whether an arrangement is in place. Refinancing tax debt changes the term and total amount you repay, so compare that against staying on an arrangement.

Yes. Consolidating several short-term unsecured facilities, equipment loans or an ATO payment arrangement into one secured loan is a common use, because it replaces high-rate, short-term repayments with a single lower repayment over a longer term. The total interest over the life of the new loan can still be higher if the term is much longer, so your broker shows the monthly saving and the total cost side by side before you decide.

Business debt consolidation replaces several existing facilities, such as short-term loans, a merchant cash advance, equipment loans, credit cards or an ATO payment plan, with one new loan that pays them all out. You then make a single repayment, usually lower than the combined repayments you had, over a longer term. It works when the new loan’s rate and term genuinely reduce the strain on cash flow; it does not work when it simply delays a problem, which is why Lyft Money maps every facility and its real cost before recommending it.

It helps when a profitable business is carrying several short-term facilities with daily or weekly repayments that together take too much of each week’s cash, and a single longer-term loan would bring the repayment down to a level the business comfortably supports. It does not help when the business is trading at a loss, when the new loan would cost more in total than the old ones, or when the debts are about to be paid out anyway. A good broker will tell you when not to do it.

Most commercial debts can be included: unsecured business loans, lines of credit and overdrafts, merchant cash advances, equipment and vehicle loans, business credit cards, supplier accounts in arrears and ATO debt under a payment arrangement. Some lenders will not refinance a merchant cash advance directly or will cap the ATO component, and equipment loans may be cheaper to leave in place if their rate is already low. Your broker obtains a payout figure for each facility so the comparison is exact.

There are three costs to check: any early payout or break fees on the facilities being closed, the establishment fee and rate on the new loan, and the total interest over the new, usually longer, term. Short-term lenders often charge the full remaining interest on early payout, which can wipe out the saving, so payout figures must be obtained in writing. Lyft Money sets the monthly saving against the total cost so you can see both before you decide.