Refinance & restructure
Refinance or restructure the debt your business already has.
Replace or restructure existing debt. Term loans, commercial property loans and second mortgages, compared side by side.
You don’t pay to compare.
No credit file impact · No cost to compare · No obligation
The problem we solve
The wrong fit costs more than a higher rate.
An inferior or poorly chosen product follows a business for years, long after the headline rate is forgotten. The wrong term or structure stretches out repayments.
We also check whether the finance you've already got is still the most cost-effective.
The three products
Replace it, restructure it, or borrow against property.
Refinancing a home loan? See Personal & Property refinancing.
Compared
Side by side, at a glance.
| Business term loans | Commercial property | Second mortgage | |
|---|---|---|---|
| Amount | $10,000 to $5,000,000 | Subject to lender assessment | $50,000 to $5,000,000 |
| Term | 1 to 5 years, fixed repayments | First mortgages, to 30 years | Typically 3 to 12 months |
| Security | Unsecured options typically to $250k to $500k | A first mortgage over the property | A second charge, behind your existing first mortgage |
| How you pay | Equal instalments of principal and interest | Principal and interest, or interest only | Interest only or balloon, matched to your exit plan |
| Suits | A business funding growth, stock or working capital | Refinancing an existing commercial property loan where better terms are available | A business owner releasing property equity for business capital |
| In full | Business Term Loans | Commercial Property | Second Mortgage |
Indicative, and subject to lender assessment.
Is it right for you?
When refinancing fits, and when it doesn’t.
Often fits
- A single, defined use, such as consolidating existing debt
- Refinancing an existing commercial property loan where better terms are available
- Keeping your first mortgage, its rate and its lender as they are
- The same repayment every month, so it’s easy to budget
Usually not
- Cash flow that runs in cycles, where a line of credit may fit
- A home or residential investment property, where our Personal & Property team can help
Illustrative example
One term loan, repaid in fixed instalments.
Illustrative only, based on a 10% p.a. indicative rate over a 3-year term. Your Compare Report shows the exact rate and term each lender offers your business.
- Loan amount
- $200,000
- Rate
- 10% p.a., indicative
- Term
- 3 years (36 months)
- Monthly repayment
- $6,453
- Total repaid
- $232,324
- Total interest
- $32,324
Results are approximate and exclude lender fees. Not an offer of credit.
Business funding, compared on real data, in three steps.
How It WorksQuestions about refinancing.
Can I refinance an existing commercial property loan?
Yes, where better terms are available, with structures that account for irregular business cash flow rather than a standard residential test.
Can I release equity without refinancing?
A second mortgage can do that. It sits behind your existing first mortgage, so your first mortgage and current lender stay as they are.
Are there discounts for early payout?
Some lenders offer reduced interest for early payout, while others charge a fixed-fee structure regardless of payout timing. Your Compare Report shows the payout terms for each matched lender.
How do you get paid?
Comparing costs you nothing. Not comparing can cost you plenty.
The headline rate rarely tells the whole story. Fees, charges and loan terms can add far more to what you repay. That’s why your Compare Report shows every cost we can identify side by side.
In most cases, the lender pays us, and only if you decide to proceed with their product offer. For more complex deals, or where the lender pays us little or nothing, we may charge a fee for our service. It doesn’t happen often, but when it does, it’s shown on your Compare Report and we’ll walk you through it before you decide.
No obligation to proceed, ever.
Related
Read more, or work out the cost.
Guides
See your options, side by side.
No credit file impact · No cost to compare · No obligation
Or talk to us: 1300 161 641 · support@tradefunding.com.au