Business debt consolidation loans
By Bhavi Chadha · Updated 25 October 2026
Combine multiple business loans, platform advances, ATO debt and other facilities into one, with a single repayment that suits your cash flow.
Tell us what you need and your broker, backed by our proprietary AI, will get quotes from the best-fit lenders for you to compare.
- One repayment instead of many
- Compare quotes from multiple lenders
- No obligation
In a nutshell
Business debt consolidation replaces several debts, such as short-term business loans, revenue-based advances, overdrafts, credit cards or an ATO debt, with one new facility. A new lender pays out the existing debts, leaving you with one repayment, often over a longer term, so your daily or weekly repayments fall and cash flow improves. A longer term can mean more total interest, and some existing lenders charge payout fees, so compare the total cost before you switch.
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- What you can consolidate
- Business loans, advances, cards, overdrafts, ATO debt
- Main benefit
- One lower, more predictable repayment
- Unsecured options
- Available for smaller amounts
- Larger amounts
- Usually secured against property
- Watch for
- Payout fees and a longer total term
- Interest rates
- Vary by lender and business
How business debt consolidation works
Over time, many businesses end up with several debts at once: a short-term business loan, a revenue-based or platform advance, an overdraft, a business credit card, equipment finance and sometimes an ATO payment plan. Each has its own repayment, often daily or weekly, and together they can squeeze cash flow even when the business is profitable.
Consolidation replaces them with one facility:
- We work out what you owe. We gather payout figures for each debt, including any early payout fees.
- We find the right lender. Your broker matches you with lenders that pay out existing debt, based on your cash flow, the amount and any security you can offer.
- The new lender pays out your debts. At settlement, the new lender pays each existing lender directly.
- You make one repayment. Usually over a longer term, so the regular repayment is lower and easier to plan around.
When consolidation makes sense
- Your repayments are squeezing cash flow, particularly daily or weekly repayments across several lenders.
- You've taken a series of short-term loans or advances, each refinancing or adding to the last.
- You have an ATO debt alongside other business debts and want one plan to deal with all of it.
- You want to free up cash for stock, growth or a quieter period, without taking on new debt.
It makes less sense if your existing debts are nearly repaid, or if payout fees would outweigh the benefit.
The costs to weigh up
Consolidation usually lowers your regular repayment, but that isn't the same as lowering the total cost. Before you switch, compare:
- the total amount you'll repay on the new loan, against the total you'd pay by keeping your current debts
- payout fees on your existing loans; some charge a share of the remaining interest, and fixed-fee advances often cost the same however early you repay
- establishment and other fees on the new loan, plus valuation and legal costs if it's secured
- the term: spreading the debt over longer lowers repayments but can increase total interest
Rates vary widely by lender and business, so we don't quote them here. Our repayment calculator shows how different terms change your repayments.
Unsecured or secured?
Smaller consolidations, up to a few hundred thousand dollars, can often be done with an unsecured loan from a non-bank lender, assessed mainly on your bank statements. Larger consolidations usually need property as security, which allows bigger amounts and longer terms at a lower cost. If speed matters most, a private lender can lend against property quickly, usually as a short-term solution until you refinance. Our guide to secured vs unsecured business loans explains the trade-offs.
Refinancing a single business loan
You don't need several debts to benefit. Refinancing replaces one existing loan with a new one, for example to lower your repayments, extend the term, release extra cash, switch from daily to weekly or monthly repayments, or move from a short-term private loan to a longer-term lender. The same checks apply: compare the total cost of the new loan with what's left on the old one, including any payout fee.
What lenders look at
Lenders consolidating debt want to understand how the debts built up and whether the new repayment is affordable. They look at your bank statements for cash flow and any dishonours or overdrawn days, your trading history, your credit file, any ATO debt and whether you've kept up with your existing repayments. A clear explanation of how you got here, and how the new facility fixes it, makes a real difference.
Eligibility and documents
What lenders usually look for
- An active ABN and regular revenue in your business bank statements
- A record of meeting your existing repayments, or a clear reason if you've fallen behind
- Enough cash flow to service the new, single repayment
- Payout figures from each existing lender
- Property to offer as security, for larger consolidations
Documents you may need
- Identification for each director or owner
- Business bank statements, usually 6 to 12 months
- Statements and payout figures for each debt you want to consolidate
- An ATO portal statement, if you're consolidating tax debt
- For larger or secured loans, financial statements, tax returns and property details
Requirements vary by lender. All lending is subject to each lender's credit criteria and assessment.
What lenders publish about refinancing and consolidation
Here's a selection of what lenders publish about paying out and consolidating existing debt. It isn't a full list of lenders or a ranking.
- Velociti Capital says it pays out existing lenders and consolidates them into one facility, with business loans of up to $2 million without property security, for businesses trading at least 3 months with $10,000 or more in monthly turnover. Profile →
- Westpac's business loans go up to $5 million and can be used to grow your business, buy property or refinance other debt. Profile →
- Liberty offers secured business loans of up to $2 million over up to 30 years, and low doc loans secured against residential or commercial property. Profile →
- Greenlink Capital, a private lender, focuses on property-backed loans for time-sensitive situations such as refinancing and bridging, on first or second mortgages. Profile →
A sample of lenders, as published by each lender, checked 25 October 2026.
Ways to consolidate business debt
Usually suits
- Unsecured consolidation loan
- Several smaller loans or advances, up to a few hundred thousand dollars
- Property-secured loan
- Larger debts, or the lowest repayment over a long term
- Line of credit
- Overdrafts and cards, with flexibility for future needs
Security
- Unsecured consolidation loan
- None specific; director guarantees usually needed
- Property-secured loan
- A first or second mortgage over property
- Line of credit
- Often unsecured for smaller limits
Term
- Unsecured consolidation loan
- Usually up to 5 years
- Property-secured loan
- Up to 25 to 30 years with banks; short-term with private lenders
- Line of credit
- Ongoing, with regular reviews
Speed
- Unsecured consolidation loan
- Depending on the lender, decisions can be as quick as a few hours
- Property-secured loan
- Days to weeks, allowing for valuations
- Line of credit
- Days
| Unsecured consolidation loan | Property-secured loan | Line of credit | |
|---|---|---|---|
| Usually suits | Several smaller loans or advances, up to a few hundred thousand dollars | Larger debts, or the lowest repayment over a long term | Overdrafts and cards, with flexibility for future needs |
| Security | None specific; director guarantees usually needed | A first or second mortgage over property | Often unsecured for smaller limits |
| Term | Usually up to 5 years | Up to 25 to 30 years with banks; short-term with private lenders | Ongoing, with regular reviews |
| Speed | Depending on the lender, decisions can be as quick as a few hours | Days to weeks, allowing for valuations | Days |
Related guides
Talk to us about consolidating your business debt
Tell us what you need and a little about your business. Your broker works out your cash flow and serviceability from your bank statements, then matches the product, amount, terms and lender to your business.
- Non-bank and private lending specialists, plus banks where they suit
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- We seek multiple lender options for you
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- Business finance from $30,000
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FAQs
Questions about business debt consolidation loans
It's replacing several business debts with one new loan. The new lender pays out your existing debts, so you're left with a single repayment, usually lower and more predictable than the combined repayments you had before.
Most business debts, including short-term business loans, revenue-based and platform advances, overdrafts, business credit cards, equipment finance and ATO debt. Each lender has its own rules about what it will pay out.
It can lower your regular repayments and improve cash flow, but a longer term can mean more interest overall, and some existing lenders charge payout fees. Compare the total amount you'll repay on the new loan with what you'd pay by keeping your current debts.
Often, yes. Businesses that have taken a series of short-term loans or advances, each with daily or weekly repayments, frequently consolidate them into one facility with a longer term and lower repayments. Lenders will look closely at why the loans built up and whether the new repayment is affordable.
Yes. Many lenders will pay out ATO debt as part of a consolidation, although criteria vary, especially if the ATO has started recovery action. Our ATO debt guide explains the options.
Not always. Unsecured consolidation loans are available for smaller amounts, usually with director guarantees. Larger consolidations usually need property as security, and most private lenders in Australia require it.
Sometimes. Some non-bank and private lenders look at your cash flow and security as well as your credit file, so a past default doesn't always rule you out. Expect a higher cost and closer scrutiny, and be ready to explain what happened. Property security widens your options.
Yes. Refinancing replaces one existing loan with a new one, for example to lower your repayments, extend the term, release cash or move from daily to weekly or monthly repayments. Check the payout fee on your current loan first.
Sometimes. Some non-bank and private lenders will consider businesses that have fallen behind, especially with property security, but expect closer scrutiny and a higher cost. It's worth acting early, before defaults are recorded.
No. There's no cost to you for our service. We're paid by the lender when your loan settles, and there's no obligation to proceed.
This page is general information only and isn't credit, tax or financial advice. Lender details are taken from each lender's published information, checked 25 October 2026, and can change. All lending is subject to each lender's credit criteria and assessment.