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BUSINESS DEBT CONSOLIDATION LOAN

Consolidate your business loans into one repayment

With a tailored business debt consolidation loan, you can simplify your loan repayments and possibly even lower your interest rates.

  • Apply for finance from £10,000 to £1 million

  • Access competitive rates

  • Choose a repayment schedule that suits your needs

Apply now

Already a Tide member? You can apply for a business loan and other finance directly within the Tide app.

Tide has joined forces with Funding Options, becoming the largest credit marketplace in the UK. 

Providing over £1.1 billion in funding to more than 19,000 UK businesses, we’re on a mission to help business owners grow with confidence. 

What is business debt consolidation?

Business debt consolidation is the process of combining multiple debts into one new loan. So, instead of managing various repayments, they’re combined into one streamlined payment plan.

You can use business debt consolidation finance to help pay off a mix of outstanding business loans, asset finance and other credit facilities, like business credit cards.

How do business consolidation loans work?

The consolidation process is designed to simplify your debts into one manageable plan.

  1. Calculate the total outstanding amount of debt that you want to consolidate. You’ll need to add up the balances from all of your loans, credit cards and other facilities. 

  2. Apply to a new lender for one, singular loan that covers the total amount. At this point, you’ll agree on an interest rate and repayment terms.

  3. The new loan will pay off all the existing debts in full.

  4. You’re left with one loan from one lender to pay off over an agreed period.

Are you eligible for a consolidation loan?

To be eligible for any type of business loan or credit from Tide, you must:

  • Be over 18

  • Be a UK resident

  • Have a UK-based business

  • Have a UK bank account

What do you need to apply for a consolidation loan?

  • Basic information about your business, such as how old it is, and your annual revenue 

  • Information on directors and shareholders

  • Bank statements covering the past year

Depending on your business and the finance you need, the criteria may differ.

Apply now

We've already helped businesses secure more than £1.1 billion

We’ve provided funding to more than 19,000 businesses across the UK, as part of our mission to help business owners grow with confidence.

How to apply for a business debt consolidation loan

With access to over 80 lenders, Tide will find a lender tailored to your business - and the process is simple.

Access a range of business finance options from our trusted partners

Aaron MoOng Ong Buns

With the help of Tide and their team of business finance experts, I was able to navigate the complexities of business finance, and secure the necessary funds to grow my business.

Business debt consolidation vs debt refinancing

Business debt consolidation and refinancing are both strategies that involve securing a new loan to help manage existing finance obligations. But they serve different purposes.

What business loans can you consolidate?

You can typically combine any high-interest, short-term, or revolving credit facility that is straining your business's cash flow into one simplified loan.

Benefits of business consolidation loans

Explore our other loans

Business loans

Revolving credit facilities (RCF)

Asset Finance

Merchant cash advance (MCA)