What refinancing actually does
It replaces existing obligations with a new facility carrying a different payment and a different term. What that achieves is a smaller amount leaving your account each day or week, over a longer period.
What it does not do is erase the balance. Being precise matters here: this product can lower your payment or stretch your term. It does not pay off, consolidate or buy out what you owe, and any description that says otherwise is not describing this product.
When it genuinely helps
When it does not
If the underlying issue is that revenue no longer covers the cost base, refinancing buys months, not a solution — and it usually increases what you repay in total. Extending a term almost always means paying more overall in exchange for paying less each day.
The check to run first
| Question | What a good answer looks like |
|---|---|
| Daily remittance as a share of deposits | Meaningfully lower after refinancing |
| Total repaid, before vs after | You understand the increase and accept it |
| What changed in the business | Revenue grew, or the term was simply wrong |
| What happens in your slowest month | The new payment still works |
See MCA refinance for how this is structured.
Common questions
Does refinancing pay off my existing advance?
No. It lowers the payment or extends the term. The balance does not disappear.
Will I pay more in total?
Usually yes. A longer term generally means more total dollars repaid in exchange for a smaller payment now.
Can I refinance with more than one open position?
Often. Disclose every position up front so the file is accurate from the start.
How quickly can it happen?
A decision typically within 2 to 4 hours on a complete file.
See what you qualify for
Same-day decision. Applying takes a few minutes and will not affect your credit score.