Finance question
Can I consolidate several business loans into one?
Often yes. Several separate debts, a chattel mortgage on a ute, an unsecured business loan, an equipment facility, can usually be rolled into a single loan with one repayment. When property secures the new facility, that one repayment can also sit at a lower rate. Subject to lender assessment.
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The short answer
Many repayments become one
Most businesses do not take on debt all at once. A vehicle gets financed one year, an unsecured loan covers a slow quarter, an equipment line funds a new machine, and before long there are four repayments leaving the account on four different days at four different rates. Consolidation folds them into a single facility so you manage one payment, not a spread of them.
The rate is where the real gain usually sits. Unsecured business loans and short-term lenders price high. If you hold equity in a property, the consolidated facility can be secured against it and moved to single-digit rates, closer to a home loan than to the debts it replaces. Many of these deals settle with no up-to-date financials.
It is not automatic and it is not always cheaper, so the honest job is to add up what you are paying now across every facility and compare it to a single consolidated repayment. We run that number first, because consolidation only makes sense if it leaves you better off.
Do you qualify?
What makes a consolidation stack up.
Several existing debts
Loans, equipment lines or vehicle finance you want in one place.
Equity or an asset
Property equity unlocks the lowest rate; asset security also works.
A clear current cost
The combined rate and repayment you pay now, so we can compare.
An active ABN
Sole traders and companies both qualify.
Why one facility beats four
Simpler cashflow
One repayment on one date is easier to plan around than several.
Often a lower rate
Property security can pull high-rate debt down into single digits.
Room to breathe
A longer term can lower the monthly figure while you steady the ship.
A real example
A builder carries a $60k unsecured loan, a $35k ute chattel mortgage and a $28k equipment line, three repayments at mixed rates. With equity in the family home, all three are consolidated into one property-backed facility at a single-digit rate, cutting the monthly outlay noticeably. Illustrative only.
Common questions
Frequently asked questions
Will consolidating always save me money?
Not always. It usually lowers the rate when property secures it, but we compare your current combined cost first to be sure you come out ahead.
Can I include an unsecured business loan?
Yes. Unsecured and secured debts can usually be combined into one facility, often with the new loan secured against a property or asset.
Do I need financials to consolidate?
For many property-backed consolidations, no. The equity carries the deal, subject to lender assessment.
Will it hurt my credit to refinance?
An application leaves an enquiry, so we place it once with the lender most likely to approve rather than shopping it around.