Multiple debt holders
Businesses with several loans, credit cards, ATO payment plans or supplier finance that want to simplify into one repayment.
Business debt consolidation loans
Business Debt Consolidation Loans Australia
Business debt consolidation loans from AUD $5,000 to $200,000 for Australian SMEs. Refinance existing debt and simplify repayments. Check eligibility and apply.
AUD $5k-$200k
Loan range
6 months
Trading history
AUD $5k+
Monthly revenue
24 hours
Funding possible
What business debt consolidation loans are used for
Business debt consolidation loans help Australian SMEs combine multiple debts into a single loan with one repayment. This can simplify cash flow management and reduce the number of payment dates, interest rates and lenders to track.
Consolidation works best when the business has regular revenue to support the new repayment and the underlying cash flow issue is not structural. It is a restructuring tool, not a solution for ongoing losses or unsupported borrowing.
Before consolidating, it is important to compare the total cost of the existing debts with the total cost of the new loan, including any fees, rate differences and changes to the repayment term. A consolidation that lowers the monthly payment but significantly extends the term may cost more in total, so the numbers should be checked carefully.
Before applying, compare the funding purpose with the basic business loan questions and make sure the amount requested is tied to a practical business outcome.
Key loan details
Use these details as a quick fit check before starting an application.
Requirement
Criteria
Notes
Requirement
Loan amount
Criteria
AUD $5,000 to $200,000
Notes
Subject to assessment
Requirement
Limited company trading history
Criteria
Minimum 6 months
Notes
Australian product criteria
Requirement
Sole trader trading history
Criteria
Minimum 6 months
Notes
Australian product criteria
Requirement
Minimum monthly revenue
Criteria
AUD $5,000
Notes
Recent trading revenue
Requirement
Common uses
Criteria
Cash flow, stock, wages, tax bills, equipment, marketing and growth
Notes
Business purposes only
Who Business debt consolidation loans suit
Cash flow management
SMEs where multiple payment dates and interest rates make cash flow harder to predict and manage.
Rate and term restructuring
Businesses that want to refinance existing debt into a single product with a clearer rate and repayment schedule.
How assessment works
Approval depends on lender assessment. These are the practical points that usually matter.
Revenue and trading history
SimplyFunded checks for at least 6 months trading and AUD $5,000 monthly revenue to assess consolidation fit.
Total debt position
The combined value of existing debts, repayment amounts and remaining terms all affect the consolidation assessment.
Affordability after consolidation
The new repayment should be manageable within ordinary revenue, and the consolidation should not extend debt beyond a reasonable period.
Benefits and trade-offs
Consolidation can reduce the number of payments and simplify cash flow, but it may extend the overall repayment period.
The new loan should have a clearer total cost than the combined existing debts, not just a lower monthly payment.
Consolidation does not fix an underlying cash flow problem. If the business cannot service the consolidated debt, restructuring alone is not the answer.
Before you apply
Before consolidating, list all existing debts including the balance, interest rate, monthly repayment and remaining term for each. This gives a clear before-and-after picture of whether consolidation improves the position.
The new loan should leave the business paying less in total or at least gaining meaningful simplicity. If the consolidated repayment is only slightly lower but extends the term significantly, check whether the trade-off is worth it.
Consolidation is not a solution for ongoing losses. If the business is consistently spending more than it earns, combining debts may temporarily reduce pressure but will not fix the underlying issue. A review of pricing, costs and business model may be needed first.
Make sure the consolidation covers the right debts. Some debts, such as short-term supplier credit or low-rate equipment finance, may not need to be included if they are already well managed. Include debts that create the most complexity or highest cost.
After consolidation, avoid rebuilding the same debt structure. If the business consolidates credit card balances but continues using the same cards for the same spending patterns, the position will not improve. A consolidation plan should include a commitment to managing debt differently going forward.
Practical business examples
Combining equipment and vehicle loans
A business with separate equipment finance and a vehicle loan rolls them into a single facility to simplify monthly payments.
Refinancing ATO and supplier debt
An SME with an ATO payment plan and supplier credit consolidates into one loan with a single repayment date and clearer terms.
Credit card and loan consolidation
A business using multiple credit cards for working capital combines the balances into one business loan with a structured repayment schedule.
Related funding options
You can also review business loan FAQs or speak with the team through the contact page.
Frequently Asked Questions
Business debt consolidation can include ATO payment plans, but the application should explain whether the tax debt is one-off or recurring.