How to break free from expensive short-term debt
Why short-term debt feels like quick cash
The appeal of fast finance
When cash flow feels tight, short-term loans and merchant cash advances look like an easy fix. Money arrives fast, often with little paperwork, and it feels like a lifeline when your business needs breathing room.
Why repayments spiral quickly
The reality is very different. High interest rates, daily repayments, and hidden fees mean the cash you borrowed can cost far more than you expected. Instead of freeing your cash flow, short-term loans often drain it.
The hidden pressure short-term loans create
Many business owners discover too late that these loans bring more stress than support. You’re locked into expensive repayments that eat into turnover, leaving little room to invest in growth, pay staff comfortably, or plan ahead. Instead of stability, you get sleepless nights and a constant feeling of being trapped.
How refinancing helps you break free
Refinancing turns multiple short-term debts into one affordable loan. With longer terms of up to five years, your monthly repayments fall, giving you space to manage cash flow properly. That means more money in your business, less financial pressure, and a chance to start planning again.
The difference refinancing can make
Many businesses find that refinancing cuts their repayments by hundreds or even thousands of pounds each month. The relief is immediate: lower monthly costs, steadier cash flow, and the freedom to reinvest in growth. It’s not just about numbers on a page - it’s about regaining control of your business.
Ready to take control?
If short-term debt is holding you back, refinancing could give you the relief your business needs. BEF offers up to five-year terms, local knowledge, and a not-for-profit approach that puts your business first.