Refinance or combine existing debt
A new loan can pay off one or more existing obligations. Combining balances may simplify payments or change the repayment period, depending on the new financing terms.
Debt Restructuring
Business debt restructuring.
Make room in your cash flow.
Review business debt consolidation and refinancing options. Compare payment relief, total repayment cost, payoff conditions, and whether a new structure helps.
Funding range$100K–$10M
Financing termCase specific
Funding typeStrategic capital
Typical funding time1–3 weeks
RepaymentRestructured
PRODUCT OVERVIEW
Business debt restructuring,
explained.
Debt restructuring changes how your existing business debt is repaid. It may involve refinancing into a new facility or agreeing different terms with current creditors to make the payment schedule more manageable.
The starting point is a clear picture of what you owe: balances, payment dates, rates, fees, security and any overdue amounts. That helps show whether pressure comes from frequent payments, a near-term maturity or debt that no longer fits the business.
One approach replaces existing obligations with new financing. Another changes the terms of an existing agreement, where the creditor agrees. Either route depends on the business’s financial position, lender approval and any requirements to pay off balances or release security.
A smaller payment does not automatically mean a cheaper deal. Extending repayment can increase the total amount paid, and refinancing may add fees or early-exit costs. Compare the old and proposed schedules together, including total cost and any new guarantees or collateral requirements.
Westwind helps you review the current debt picture and compare available refinancing options against your business’s ability to repay.
Change terms with existing lenders
Restructuring can also mean agreeing a longer term, a revised payment schedule, or another modification with current lenders. These changes require their agreement and are not automatic.
Repay under the revised structure
Once changes are agreed and completed, repayments follow the new schedule. Any debts not included remain in place, and existing guarantees or security may continue.
Compare payment relief with total cost
A lower regular payment can come from a longer repayment period and may increase total cost. New fees, payoff charges, and any penalties also affect the overall result.
BEFORE YOU APPLY
What you’ll need to get started.
Know what lenders look for and what to have ready. Your advisor helps with the rest.
What lenders look at
The full debt picture
Current balances, payment schedules, maturity dates, and liens.
Payment history
Any missed payments and the status of each existing agreement.
Current cash flow
What the business can support based on recent trading and bank activity.
A sustainable forecast
Why revised payments would work under a realistic cash-flow plan.
Creditor requirements
Payoff conditions, security releases, and which creditors need to agree.
What to have ready
To start
- Funding amount, purpose & timeline
- Business details & revenue
- Existing financing & credit range
- Your contact details
For lender review
- Current financing agreements
- Up-to-date payoff statements
- A debt schedule with balances, payments, and maturity dates
- Recent bank statements and business financials
- A cash-flow forecast and details of any missed payments
IS THIS RIGHT FOR YOU?
Fix the payment pressure—not just the payment date.
Start with the purpose, the payback period, and the payment your business can support. Use these signals to decide what to discuss with your advisor.
A stronger fit
- The payments are stopping you running the business
- The business itself still works
- The new arrangement would genuinely free up cash, not just move it
A reason to pause
- The business can't afford any debt payment at all
- You don't have a full or agreed picture of what you owe
- More borrowing would only delay the end
The advantages
- Can reduce total periodic payment
- Creates visibility across all obligations
- May replace several expensive positions with one structure
- Can restore operating liquidity when the core business remains viable
The trade-offs
- A lower payment may extend total repayment and increase total cost
- Payoff penalties and liens can complicate closing
- New collateral or guarantees may be required
- New debt cannot fix a fundamentally unprofitable operation
HOW FUNDING WORKS
From application
to funding,
step by step.
Tell us about your business once. We prepare your file, find relevant lenders, coordinate the review, and help you compare your offers.
01 profile05 steps1:1 your own advisor
01
START HERE
Tell us what you need
Fill out one form with the amount, what the money is for, and the basics of your business.
RESULTOne complete business profile
- How much you need and what you will use it for
- Sales, industry, time in business, and what you already owe
02
ADVISOR REVIEW
Go through it with your advisor
Your advisor checks the request with you, gets clear on what matters, and helps gather the documents lenders will ask for.
RESULTA file ready for lender review
- Confirm timing, payment comfort, and business goals
- Collect the statements and supporting documents needed
03
MATCH & ROUTE
We find the lenders that fit
We compare your profile with different types of funding and the requirements of participating lenders.
RESULTA focused lender submission
- Narrow the list to lenders whose rules may fit
- Send the complete file only to selected lenders
04
UNDERWRITING
Lenders review the file
Each lender makes its own decision. We handle questions, document requests, and follow-up so you do not have to chase every party.
RESULTOffers you can compare side by side
- Resolve questions and missing items in one place
- Lay out available prices, terms, payments, and conditions
05
DECIDE & CLOSE
Compare, choose, and get funded
Your advisor explains the cost and tradeoffs, then helps you finish the lender's final conditions and closing documents.
RESULTThe option you choose, taken through funding
- Compare total cost, payment, term, collateral, and flexibility
- Complete final lender conditions and closing documents
How fast you get funded, what you're offered, and whether you're approved at all depend on your business, your paperwork, and the lender. Nothing here is a guarantee of an offer or approval.
LOOK AT THESE TOO
Other options worth comparing.
Don't pick on the rate alone, and don't pick on the biggest number you're approved for. Compare the whole deal.
QUICK ANSWERS
Questions people ask about debt restructuring.
Is debt restructuring the same as debt settlement?
No. Restructuring can include refinancing or modifying obligations while continuing to pay agreed debt. Settlement typically seeks a reduced payoff and may have serious credit, legal, and tax consequences.
When should a business avoid adding new debt?
If operations cannot produce positive cash flow even after payment relief, new borrowing may only delay a deeper restructuring or insolvency process.
What decides whether I get approved?
Lenders mostly look at what you owe now, your cash flow, whether paying it off early makes financial sense, and whether the business can recover. Each one has its own rules about credit, paperwork, and what it takes to say yes.
How fast can I get the money?
Plan on 1–3 weeks. It can take longer if the deal is complicated, your paperwork is slow, an outside report is needed, or the lender asks for more.
What should I compare between offers?
Ten things: the total dollars you pay back, the true yearly cost, how often you pay, how long it runs, what you put up as collateral, what you personally guarantee, the rules you agree to follow (covenants), what happens if you pay it off early, the fees, and whether the money earns more than it costs.
YOUR NEXT MOVE
See whether debt restructuring fits your business.
One application. Every option that fits. A clear path to the money.
Get funded