Business Consolidation Loans
Business consolidation loans – save money when you convert several debts into one
Juggling a business loan, a credit card balance, and an overdraft all at once makes cash flow harder to predict than it needs to be. Borrow £5,000-£500,000 to clear multiple existing debts, and replace them with a single fixed monthly repayment.
- Won't affect your credit score
- Decision in 24 hours
WHAT'S INCLUDED
Revolving credit facility
Draw, repay, draw again
£5,000 – £500,000
Facility limit
Only pay interest on what you use
Not the full facility limit
Repay early, fee-free
No penalties, ever
Funds available instantly
Once facility is approved
Won’t affect your credit score
- Soft credit check — no footprint
- No early repayment fees
- Funds in as little as 48 hours
- Human decisions, not just algorithms
What is a business consolidation loan?
A business consolidation loan is unsecured finance used to repay multiple existing business debts in full, which you then repay to us as a single fixed monthly instalment. The funds settle your existing facilities directly, and from that point you’re managing one repayment instead of several.
Business loans and credit lines
Bring together one or more existing term loans or revolving credit facilities into a single repayment.
Merchant cash advances
Replace a revenue-based facility, often one of the more expensive ways to borrow, with a fixed-rate loan.
Business credit card balances
Clear high-interest credit card debt that's been building up across day-to-day spending.
Overdrafts and short-term borrowing
Consolidate an overdraft or short-term facility that's become a longer-term cost than originally intended.
Eligibility
Am I eligible for a business consolidation loan?
We lend across all sectors. Meet the basics below and there’s a strong chance we can help.
Based in the UK
Make sure you are registered with Companies House
Trading 12+ months
Most applications require at least 12 months of trading history, if you're newer, get in touch and we may still be able to help
Not currently insolvent
Make sure your company is in a position to repay any debts or credit
What we offer
5 things you'll need to apply for consolidation finance
Having these ready before you start speeds up your application significantly.
Company registration number
To verify your business with Companies House.
Details of each existing debt
The lender, outstanding balance, and monthly repayment for every facility you want to consolidate.
3–6 months of bank statements
To understand your trading performance and current repayment outgoings.
Confirmation of annual turnover
So our lenders can understand your ability to repay the consolidated loan.
Your contact details
Name, email address, and phone number, along with your role in the business, so we can verify you’re authorised to apply on its behalf.
If you’re not sure exactly what’s outstanding on each facility, a recent statement or settlement figure from each lender is enough to get started – we can help you work out the full picture during your application.
Consolidating your debt
Is consolidating your business debt worth it?
When it makes clear sense
If your existing debts are a mix of high-cost, short-term facilities that are individually manageable but collectively hard to track, consolidation can lower your total monthly outgoing.
When it’s worth thinking harder
If your existing debts are already at a lower rate than a new consolidation loan would offer, or carry an early repayment charge, consolidating could increase your total cost.
How to decide
Ask your existing lenders for a settlement figure on each facility, then compare that combined total, plus the cost of a consolidation loan, against continuing to pay everything separately over the same period.
The process
How do I apply for debt consolidation finance?
Simple and fast, so your existing debts can be settled without delay.
Apply in minutes
Tell us about the debts you want to consolidate and your business.
Soft credit check
We check your eligibility without leaving a mark on your credit file.
We say yes
A real person reviews your application and comes back to you within 24 hours.
Money in your account
Sign your agreement and the funds are on their way, so you can pay HMRC before the deadline.
Costs
How much will a consolidation loan cost me?
Your rate is personalised and confirmed before you commit. Based on our representative APR of 18.9%, here are some illustrative examples:
| Loan amount | Acceptance | High street bank | Total repayable |
|---|---|---|---|
| £50,000 | 24 months | £2,510 | £60,240 |
| £100,000 | 36 months | £3,640 | £131,040 |
| £200,000 | 48 months | £5,820 | £279,360 |
| £350,000 | 60 months | £9,030 | £541,800 |
| £500,000 | 60 months | £12,920 | £775,200 |
18.9%
What fees are there?
None hidden. Interest is built into your fixed monthly repayment — that’s the only cost.
Can I repay early?
Yes, at any time with zero penalties. You only pay interest for the period you held the loan.
Work out your loan
What will my SME cost me?
What will my consolidated repayment look like? Get an instant estimate. No credit impact.
- Finance £50,000 to £500,000
- Terms from 6 to 60 months
- No early repayment penalties
Your loan estimate
Illustrative only. No impact on your credit score.
Representative APR 18.9%. Subject to status and eligibility. For illustrative purposes only.
Your actual rate may differ. See full calculator
Features
What more should I know about business consolidation loans?
Will my existing lenders be paid off directly?
Yes. Once your loan is approved, funds are used to settle your existing facilities, and you begin repaying us on a single schedule.
Does consolidating close my existing credit facilities?
Typically, yes, for the debts being consolidated – though this depends on the facility type. We’ll confirm exactly what happens to each one as part of your application.
Is this the same as debt management or an IVA?
No. This is a standard business loan used to repay existing debts in full and on time. It’s not a formal debt management plan or insolvency arrangement, and it doesn’t affect your creditors’ original terms – they’re simply paid off.
Can I repay my loan early?
Yes, at any time with zero penalties. You only pay interest for the period you held the loan.
Put it to work
What else can you do with business loans from Acceptance?
A consolidation loan doesn’t have to stop at existing debt. Here’s what our customers also use Acceptance funding for.
- Buy stock or inventory
- Free up monthly cash flow for reinvestment
- Cover VAT, corporation tax, or PAYE in full
- Combine multiple loans, cards, or a merchant cash advance into one repayment
- Upgrade equipment
- Hire more staff
Common questions about business consolidation loans
What types of business debt can I consolidate?
Most existing business borrowing, including term loans, credit lines, business credit cards, merchant cash advances, and overdrafts. Tell us what you're looking to consolidate when you apply.
Will consolidating my debt affect my credit score?
Checking your eligibility uses a soft credit check, which leaves no mark on your file. Taking out the loan itself is recorded as a new credit facility, in the same way any business loan would be.
Is a consolidation loan the same as an IVA or debt management plan?
No. This is standard business lending used to repay your existing debts in full - it's not a formal insolvency arrangement, and your creditors are paid off directly rather than through a managed repayment plan.
How quickly can existing debts be settled?
Most applicants receive a decision within 24 hours, with funds released in as little as 48 hours to settle existing facilities.
Will consolidating actually save me money?
It depends on your existing rates and any settlement charges. If your current debts are high-cost or numerous, consolidation often reduces your total monthly outgoing. If they're already at a low rate, it's worth comparing carefully first.
Can I repay the consolidation loan early if cash flow improves?
Yes, at any time with zero penalties. You only pay interest for the period you held the loan.