Same loan amount, better terms, with a lender that wants your business.
Good if your rate feels high01 · Where you are
Your loans made sense
when you got them.
Sound familiar?
The rate feels too highYou got the loan a while ago, and it feels like you’re paying more than you should.
Too many loans to juggleDifferent lenders, different due dates. It’s a lot to keep track of.
The payments are too tightBig monthly payments are squeezing the cash you need to run things.
Your business has grown upYou’re stronger now than when you first borrowed, and your loan should show it.
02 · When is the right time?
A loan isn’t always the answer.
Here’s when it makes sense.
✓ Good times to do it
Your business is doing better than beforeWhy: Lenders give better deals to stronger businesses. If you’ve grown since you borrowed, you may now qualify for a better deal.
Your loan is ending soonWhy: When a loan is close to its end date, it’s a natural time to look around before you roll into whatever is offered.
You have several loansWhy: Putting them into one loan can mean one payment, one date and less to think about.
Your payments are hurting your cash flowWhy: A longer loan or a different type of loan can lower each payment and free up money.
✕ Maybe wait if…
You’d pay big fees to leaveWhy: Some loans charge to leave early. If the fees cost more than you’d save, it may be better to wait.
Your loan is nearly paid offWhy: If there’s only a little left, moving it might not be worth the effort.
Your business is going through a rough patchWhy: Lenders look at how you’re doing right now. It can be better to wait until things settle.
Not sure which one you are? We’ll look at it with you, for free.
03 · How it works
Three steps to
a better deal.
- 1Show us your loans
What you owe, who with, and what you pay each month.
PayingToo much - 2We shop around
We compare lots of lenders to find a better deal for your business.
PayingToo much - 3You switch
The new lender pays out the old loans. You start fresh with the new one.
PayingLess ✓SWITCHED
04 · Your options
Pick the way
that fits you.
Several loans become one, with one payment to keep track of.
Good if you’re jugglingRefinance and free up extra money for your next plan at the same time.
Good if you want to growWhat lenders will ask about
Details of your current loans✓
Your ABN and how long you’ve traded✓
Recent financials or BAS✓
Recent bank statements✓
What you’re using as security now✓
Every lender is a bit different. We’ll tell you exactly what yours needs.
Good to know
We’ll check for exit fees on your current loans before you decide.
A cheaper payment isn’t always a cheaper loan. We’ll show you the full cost.
Your current lender may offer a better deal to keep you. That’s worth knowing too.
Nothing changes until you say yes.
05 · Let’s do it
Tell us your plan.
New job No credit check
Business finance only. ABN required.
…fresh start.
Questions people ask.
Will it cost me to switch?
Sometimes. Some loans have exit fees. We check this first, so you know if switching is worth it.
Can I combine my loans into one?
Often, yes. Many businesses roll a few loans into one with a single payment.
Can I borrow extra while I switch?
Sometimes, yes. If your business can afford it, you may be able to top up the loan for your next plan.
How long does switching take?
It depends on the lender and your paperwork. We’ll give you a realistic timeframe early on.
Can you help with my home loan?
No. We only help with loans for businesses, through an ABN.