Refinancing is back on the table – and more lenders mean more options for your business.
Refinancing is back on the table – and more lenders mean more options for your business.
Rising interest rates, higher input costs and global uncertainty are all putting pressure on margins and cash flow.
But at the same time, something important is happening in the lending market.
According to the Reserve Bank’s latest Financial Stability Review, lenders currently have a positive appetite to lend to businesses.
That’s helping support resilience across the sector – including for smaller businesses.
Access to credit has also improved due to:
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Faster, more automated loan approvals.
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Reduced documentation requirements.
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Growth in non-bank and private credit lenders.
That combination means more businesses now have options they didn’t have a few years ago.
This is where comparing lenders across the market can make a real difference.
Why refinancing is back on the table
If your loan hasn’t been reviewed recently, there’s a chance:
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Your rate is no longer competitive.
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Your structure isn’t aligned with current cash flow.
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Other lenders may offer more flexibility.
In a tighter environment, small improvements in structure or pricing can make a noticeable difference.
If you want to see how your loan compares with what’s available today, reach out and I can help you explore your options.
