Can I refinance my business debt?
Yes: most business debt can be refinanced, including term loans, lines of credit, equipment loans, and even expensive merchant cash advances. Refinancing means replacing existing debt with a new loan at a better rate, a longer term, or both, so your monthly payment drops and cash flow loosens up. Every month you carry debt priced above what you now qualify for, you're paying for the borrower you used to be. Quordx Capital matches refinance candidates with lenders from a 50+ lender network who compete on rate and term: through one free application.
Last updated · Reviewed by Cody Dreis
50+ Lenders|Funding in as little as 24 hours
How business debt refinancing works
A new lender pays off your existing balance (or funds you to pay it off), and you repay the new loan on new terms. Refinancing makes sense in three situations. Second, you took short-term or daily-payment debt and need breathing room: stretching a 12-month obligation into a 3-5 year term loan can cut the payment dramatically. Third, you're carrying an MCA with a factor rate; because paying an MCA early doesn't reduce its cost, the goal is replacing it before you stack another one. Lenders will check your payment history on the existing debt, your bank statements (3-6 months), and current revenue. One honest caveat: some existing loans carry prepayment penalties, so read your contract before you commit.
Refinancing options to consider
Business term loan: $10K-$500K+, 1-5 year terms, fixed payments. Best for consolidating short-term or high-rate debt into one predictable monthly payment.
SBA 7(a) loan: Up to $5M with long terms; SBA loans can refinance qualifying business debt. Best for borrowers with 650+ credit who want the lowest long-term payment and can wait out the SBA process.
Business line of credit: $10K-$250K+, revolving, interest only on what you draw. Best for replacing a high-rate credit line so future borrowing costs less.
Run the numbers on your loan
Pick a product, set the amount and term, and see a typical payment.
How Quordx Capital Works
Fill out one application in about 10 minutes and upload bank statements and your existing loan details. The platform's AI reviews your full profile, including the debt you want to replace, and surfaces 3-7 lenders from the 50+ network ranked by how likely each is to approve you. Decisions typically arrive within 24-48 hours, and refinance funding usually lands in 3-7 business days.
What to Expect
The main worry with refinancing is "will I actually save money, or just move the debt around?" Fair question. Your matched lenders disclose every fee and the full cost of the new loan, so you can compare it line-by-line against what you're paying now, and Quordx Capital will tell you straight if refinancing doesn't pencil out. Checking your options costs nothing, carries no fees, and creates no obligation.
Apply for Funding
No obligation · Initial inquiry doesn't impact credit · Takes about 10 minutes
Written by
Cody Dreis
Founder, Quordx Capital
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Quordx Capital is a business funding broker, not a lender. Lenders make every credit decision and set the rate, fees and terms, and not every business qualifies. Quordx may be paid by a lender when a deal funds. Full disclosures