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.
How Quordx Capital Works
Fill out one application in about 5 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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Important Disclosures
Quordx Capital is a business funding broker, not a lender. We facilitate introductions between U.S. small and medium-sized businesses and lenders or capital providers in our network. All credit decisions, funding amounts, rates, fees, repayment terms, and timelines are determined solely by individual lenders based on their own underwriting criteria.
Funding figures and timelines shown on this page are illustrative and represent ranges within our lender network, they are not guarantees and individual outcomes may vary based on business profile, industry, time in business, revenue, credit history, and lender availability. Not all applicants qualify for every product.
The initial inquiry does not impact your personal credit score. Some lenders may perform a hard credit pull during underwriting; Quordx only authorizes such checks with your specific consent for the lender presenting an offer. Applicants are protected under the Equal Credit Opportunity Act (ECOA) from discrimination based on race, color, religion, national origin, sex, marital status, age, or because all or part of an applicant's income derives from any public-assistance program.
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