Refinancing an existing software or implementation contract

Last updated 3 November 2026 · Reviewed by 360 SaaSFin Compliance

What does refinancing a software contract mean?

In general terms, refinancing means arranging new finance for costs your business has already committed to, so they're paid through regular payments over an agreed term instead of on the current payment schedule. The contract might be for software licences and subscriptions, or for implementation work by a vendor or systems integrator (SI).

360 SaaSFin arranges the finance. The lender assesses the application and, if it's approved, provides the finance. Depending on the project and the lender, it's arranged as a business loan or a lease. Software finance is for businesses, not personal use.

When might refinancing be worth a look?

Businesses often ask about refinancing when:

• a large invoice, milestone payment or annual renewal is coming up and the timing doesn't suit cash flow
• a project is under way and the budget has changed since the contract was signed
• a platform is being expanded and the business wants to look at the existing contract and the new costs together

Upgrades, renewals and expansions can also be financed, subject to the lender's assessment, so tell us about any new costs at the same time.

What kinds of contracts can be refinanced?

Refinancing is available for eligible existing software or implementation contracts. That can include contracts for software licences and subscriptions, and contracts for implementation, configuration or development work. Whether a particular contract is eligible depends on the contract, what's still owing, where the project is up to and the lender's assessment.

The best way to find out is to share the contract with us early. We'll talk you through the options and what the lender needs.

What should I check in my current contract?

Before you look at refinancing, read your existing contract and note:

• What's owing and when: the remaining payments and their due dates.
• Payment terms: whether the contract allows payment by a third party, or early payment, and on what terms.
• Exit and change terms: any fees or conditions if the contract is changed, transferred or ended early.
• Renewal dates: when the contract renews and whether it renews automatically.
• Delivery status: what has been delivered and what work is still to come.

Get legal advice if you're unsure what the contract allows.

How does the process work?

1. Tell us about the contract. Share the contract, what's owing and where the project is up to.
2. We structure the finance. We design a payment structure around your project and cash flow, subject to the lender's assessment.
3. The finance is put in place. Once the finance is approved and documents are complete, payments are made as set out in your finance documents.
4. You pay over the agreed term. Your business makes regular payments over the agreed term.

Is refinancing always worth it?

Not always. Refinancing can spread payments over an agreed term, but fees and charges apply, and the total you pay over a longer term may be more than you'd pay under the current contract. Compare the full cost with your current arrangement, and make sure the payments fit your cash flow for the whole term.

How refinancing is treated in your accounts and for tax depends on your business and whether the finance is a loan or a lease. Ask your accountant before you sign. We don't give tax or accounting advice.

What should I have ready?

• The existing contract: a copy of the current agreement, including any statement of work.
• Recent invoices: or a statement showing what's been paid and what's still owing.
• Project status: what's been delivered, what's left and any changes to scope.
• Key dates: upcoming payments, milestones, go-live and renewal dates.
• Business details: the lender will ask for information about your business and its finances as part of its assessment. We'll tell you what's needed.

FAQs

General information only. It doesn't take into account your objectives, financial situation or needs, and it isn't credit, tax, accounting or legal advice. Finance is subject to the lender's assessment and criteria; fees and charges apply. 360 SaaSFin is a trading name of Kuone Consulting Pty Ltd (ABN 75 647 329 002), Australian Credit Licence 566705.