Refinance Your Business Loan for Better Terms

The loan you took two years ago served its purpose. But your business has grown, your credit has improved, and your assets have gained value. You should not keep paying high rates from your startup days. At Inspired Management Consulting, we help Canadian business owners refinance existing debt for lower rates, better terms, and access to equity locked in their property and equipment.

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Time to Upgrade

When Keeping Your Current Loan Stops Making Sense

Your credit score was 620 when you took that first loan. Now it is 720. You accepted a 15 percent rate because you had no track record. Now you have two years of profitable operations and a solid client base. Lenders who rejected you before will compete for your business today. Every month you keep that old loan, you pay interest that no longer reflects your actual risk profile.

Property values have increased across Canada. The commercial building you bought at $800,000 is now worth $1.1 million. That equity sits idle while you struggle with cash flow or miss expansion opportunities. Interest rates shift constantly. If you locked in during a high-rate period or sit in a variable rate climbing every quarter, refinancing into a fixed lower rate saves thousands annually. Your financing should match where your business is today not where it was when you started.

Term out business debt Restructure business debt

Access Growth Capital Through Cash-Out Refinancing

You have paid down your commercial mortgage or your equipment loans. That equity is trapped in assets doing nothing for your cash flow. A cash-out refinance replaces your existing loan with a larger one, pays off the current balance, and puts the difference in your account as liquid capital. No new debt applications. No separate lenders. One transaction unlocks money you already own.

Use that capital to acquire a competitor, renovate your facility, purchase inventory in bulk, or launch a new product line. Interest on the refinanced loan is tax-deductible when funds are used for business investment. You leverage an appreciating asset to fuel growth instead of draining operating cash flow or taking on expensive short-term debt.

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Why Choose Us

Real Support for Real Business Owners

Most consultants hand you a report and disappear. We work alongside you. From finding the right loan to managing your books, we stay involved until you see real results. Your problems become our problems and we do not walk away until they are solved.

A rejected application is not the end of the road. We review your situation, fix the gaps, and reapply with lenders who are more likely to say yes. We push until you get funded.

No two businesses are the same. We look at your specific numbers, your industry, and your goals before recommending anything. You get a plan built for you, not a recycled template.

Business loans, personal financing, and management support all under one roof. You do not need to juggle multiple advisors. One call to us handles everything.

About Inspired Management Consulting

Licensed Advisors

Our team includes certified professionals who meet industry standards and stay updated on regulations that affect your business.

10+ Years Experience

We have spent a decade helping small business owners across Canada navigate financing and management challenges.

No Hidden Fees

You will know exactly what you are paying for upfront. No surprise charges and no fine print that works against you.

Local Canadian Team

We are based in Canada and understand the local lending landscape, tax rules, and challenges small businesses face here.

Clients we’ve partnered with

  • Brentwood 1
  • Easylink 1
  • Flagship 1
  • SGS consultation
  • RR 1
  • Brentwood
  • Flagship
  • Easylink
  • SGS Constultation
  • RR
Term out business debt Restructure business debt

Commercial Refinancing With Expert Guidance

Commercial mortgages renew every 5 years. Your bank sends a renewal letter with their standard rate expecting you to sign and return. That rate is rarely their best offer. Banks reserve competitive terms for new clients not loyal customers. Signing without shopping leaves money on the table every month for the next five years.

At Inspired Management Consulting, we force lenders to compete for your renewal. We submit your file to multiple A lenders, B lenders, and credit unions to secure the lowest rate and best terms available. We negotiate extended amortization back to 25 years to lower monthly payments if cash flow matters more than payoff speed. We handle refinancing from rate shopping to closing so you focus on running your business while we optimize your cost of capital.

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FAQ’s

Business loan refinancing replaces your existing loan with a new one at better terms. You pay off the current balance with the new loan and benefit from lower rates, longer terms, or access to equity.

Refinance when your credit score has improved, your property value has increased, interest rates have dropped, or you are stuck in a short-term high-rate loan. If your current terms no longer match your business profile, refinancing makes sense.

A cash-out refinance replaces your existing loan with a larger one. The new loan pays off the current balance and you receive the difference as cash. This unlocks equity trapped in property or equipment for working capital.

Interest on business loans is generally tax-deductible when funds are used for business purposes. Cash-out refinance funds used for business investment, expansion, or operations qualify for interest deductions. Consult your accountant for your specific situation.

Refinancing replaces one loan with a better one. Debt consolidation combines multiple debts into a single new loan. Refinancing focuses on improving terms while consolidation focuses on simplifying payments and reducing overall cost.

Terming out converts short-term aggressive debt into a longer-term loan. A 12-month loan becomes a 60-month loan. Monthly payments decrease because repayment is spread over more time.

Break-even analysis compares prepayment penalty costs against interest savings from the new loan. If you save $2,000 monthly and the penalty is $10,000, you break even in 5 months. Everything after is pure savings.

Government loans like Canada Small Business Financing Loan have specific rules about refinancing. You cannot refinance out of CSBFL easily, but you can refinance private debt into a CSBFL to access better government-backed terms.

Not automatically. Banks offer standard rates to renewing customers knowing most will sign without shopping. Submitting your file to competing lenders often secures lower rates and better terms.

Yes. Refinancing can reset your amortization back to 25 years. This lowers monthly payments and improves cash flow. You pay more interest over time but gain monthly flexibility.

Fixed rates stay constant for the loan term providing payment predictability. Variable rates fluctuate with prime rate and can increase or decrease. Refinancing from variable to fixed locks in your rate and protects against increases.

No. We are not a lender. We act as your advisor and facilitate the refinancing process. We shop your file to A lenders, B lenders, credit unions, and private lenders to secure the best terms available.

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