Business Loan Broker
A business loan broker performs the same function a mortgage broker does for homebuyers: they help prospective borrowers find the best business loan deal suited to them. They can do this by drawing from a range of established partnerships with lenders, relationships which place them in a position to better understand the requirements of each […]
Business Overdraft
An overdraft is a facility attached to your business transaction account that allows you to withdraw funds beyond a $0 balance at any time. This means you’ll be approved for borrowing up to a set limit and can access these funds whenever you like. For example, if your business had an overdraft limit of $20,000, […]
Finance Lease
A finance lease is a type of leasing arrangement between a business and a leasing company that effectively allows you to rent an asset for a set period. Whether you need a car for your small business or heavy-duty machinery for your earthmoving company, you can get the ball rolling with Savvy today! How do […]
Operating Lease
An operating lease is, as the name suggests, a type of lease designed to help businesses gain access to commercial assets like vehicles. Whether you’re leasing a car for your small business or a fleet of trucks, you can apply with Savvy today and we’ll help you find the best deal available for your company! […]
Finance Lease vs Operating Lease
When it comes to locking in the right deal for the commercial asset you want to finance, it’s important to know what your options are. For leases, there are two main options you might’ve heard of: finance and operating leases. But how exactly do they work and when might they suit your business? Take a […]
Bad Credit Business Loans
Like any other type of business finance, bad credit loans give owners and operators access to the funds they need. However, unlike standard loans, lenders offering this type of finance can work with businesses even when their credit score or history isn’t the best. If you’ve found yourself in this boat, it’s important to know […]
Equipment Finance
Types of equipment finance When financing equipment for your business through Savvy, you typically have two main options: a loan or a lease. Equipment loan (chattel mortgage) With a chattel mortgage, a lender provides the funds to purchase your equipment, with the asset used as collateral for the loan. You have immediate ownership and access […]
Refinance Business Loan
Refinancing your business loan is a relatively simple process. You essentially pay off your previous loan with a new one you’ve applied for, enabling you to take on its repayments instead. This is done by many business owners repaying small business loans if they’re not fully content with their current loan deal and are looking […]
Tax Debt Loans
Tax debt loans are short-term loans to help businesses pay any outstanding or overdue debts to the Australian Taxation Office (ATO). They’re flexible to the needs of small and medium businesses, with a wide borrowing range (depending on your business’ turnover) and varied term lengths. However, these will also vary based on the type of […]
Short-Term Business Loans
Short-term business loans are business loans designed to cover immediate funding needs your organisation might have. Terms typically range from one month to three years, offering amounts up to $300,000 or more with security. Because of their short duration and streamlined application process, they’re often easier to qualify for than traditional loans and can deliver […]
Invoice Finance
Invoice finance is a flexible form of business funding that lets you access money tied up in unpaid invoices. Instead of waiting for customers to pay, a lender advances a percentage of the invoice value, giving you fast access to funds. It can be a useful short-term solution for managing cash flow, covering operating expenses […]
Compare Business Loans
Everyone knows that you need to spend money to make money as a business. Perhaps you’re looking to renovate your commercial space, buy more inventory, purchase a vehicle or equipment or even simply boost your cash flow. Whatever the need, business loans can help you do just that. If you’re ready to take the next […]