Business refinance in Ireland

Yes, if a new lender is willing to repay your existing debt and your company can afford the new repayments. Banks, non-bank term lenders and asset finance companies all refinance business borrowing, each with its own criteria. The new lender usually pays the old lenders directly. Check early-settlement charges first, because they can wipe out the saving.

Only if the new rate and fees, plus any early-settlement charges on your current debts, cost less over the full term than staying put. A longer term can cut monthly repayments but increase the total you repay. Ask each existing lender for a written settlement figure and compare both options with our refinance savings calculator or your accountant.

Yes, some lenders offer consolidation loans that repay several debts and leave one monthly repayment. They will want settlement letters for each debt, recent accounts and bank statements showing the new repayment is affordable. Consolidation makes budgeting easier but is not automatically cheaper. Our debt consolidation guide walks through the process step by step.

Sometimes. Some lenders will repay an advance with a term loan if trading supports it, which can ease the daily drain on card takings. Check the advance's terms first: many merchant cash advances charge a fixed fee, so settling early may not reduce what you owe unless the provider agrees a discount. Ask for a written settlement figure.

No. The Growth and Sustainability Loan Scheme only funds newly originated loans for eligible projects, and refinancing or replacing existing debt is excluded. If your company wants lower-cost long-term funding for a new project, our SBCI page explains how to get an eligibility code and apply directly to a participating lender.

It is much harder, because new lenders look closely at recent arrears. Speak to your current lender first. Regulated lenders must follow the Central Bank's SME Lending Regulations for borrowers in arrears or financial difficulty, which include considering alternative arrangements. Your accountant can also advise on SCARP or examinership if the company is viable but over-borrowed.

New loans and settled loans are reported to the Central Credit Register by lenders that report to it, and a lender's search for your application leaves an enquiry on the report. Settling old debts in full and on time is recorded, and keeping up the new repayments builds a positive history. The Central Credit Register does not give a credit score; lenders read the report itself.

Possibly. Your existing bank or an asset finance company is often the right first contact, and your accountant if the company is struggling. Tell us what your company needs and we'll tell you honestly whether our panel can help, or where to apply instead.