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Growth & Corporate Finance

Debt Consolidation

Combine multiple debts into a single, manageable facility with one monthly payment.

Loan Range
£10,000 – £5,000,000
Terms
1 – 10 years
Decision
3–6 weeks
Purpose
Combine multiple debts

Key Features

  • Single monthly payment
  • Potentially lower overall rate
  • Simplified debt management
  • Improved cashflow

Use Cases

  • Consolidate loans
  • Consolidate credit cards
  • Simplify multiple facilities
  • Reduce monthly outgoings

Eligibility Criteria

Existing business debt
UK registered business
Affordability assessment

Documents commonly requested

  • Recent business bank statements
  • Latest filed accounts and current management information
  • Identification and business ownership information
  • Evidence supporting the funding purpose
  • Property, asset, invoice or contract information where relevant

The exact list depends on the facility and lender. Documents are requested only when relevant to the application.

Important considerations

  • Compare the total cost, not only the headline rate
  • Understand arrangement, valuation, legal and exit fees where applicable
  • Check how repayments affect business cashflow
  • Review security, debenture and personal-guarantee requirements
  • Consider early repayment and default provisions before signing

How it works

  • Tell us about your funding need
  • We compare the whole-of-market lender network
  • Receive competitive offers tailored to you
  • We manage the application to completion

Why use FinanceMyCompany?

  • Whole-of-market lender access
  • Transparent, fee-clear advice
  • Dedicated finance specialist
  • Fast, straightforward process

Debt Consolidation — Frequently Asked Questions

Will debt consolidation reduce my monthly payments?

By extending the term or securing a lower rate, monthly payments can often be reduced significantly.

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Free • No obligation

Ready to explore debt consolidation?

Speak to a specialist and get tailored options from our whole-of-market lender network.

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