Business Overdraft
What is a business overdraft and how do they work? 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 […]
The State of Electric Trucks in Australia
Savvy’s examination of Electric Vehicle Council and Australian Trucking Association data finds that to meet the country’s CO2 emissions reduction targets and reach net-zero by 2050, Australia needs to electrify its national vehicle fleet. Considering that transport emissions account for 19% of the total, of which road freight comprises 38%, action taken in the next […]
Leasing Calculator
Keep on top of your vehicle costs with Savvy’s leasing calculator Leasing a vehicle may be a cost-effective option for you or your business, but it’s important to understand all of the potential charges involved. This vehicle lease calculator will show you your monthly repayments, as well as the total interest you’ll pay, to help […]
Business Loan Repayment Calculator
Calculate your business loan repayments Need to cover business expenses? Taking out a loan is one of the simplest most common ways to do it. However, it’s important to know what each loan may end up costing in the long-term, which is where you can use Savvy’s business loan calculator. Our handy tool will give […]
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 […]
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 […]
Compare Business Loans
How much will my business be able to borrow? As you can see from the different types of loans listed above, the form of finance you choose will help dictate the amount you can borrow. However, each business is different when it comes to its borrowing power. The key factors that can impact yours include: […]
Tax Debt Loans
Tax debt loans are short-term loans to assist small to medium businesses in paying debts outstanding to the Australian Taxation Office (ATO). Repayment terms can often be more flexible than with other loans and business owners can monitor the loan and repayments and pay the loan off more quickly or slowly depending on their cash […]
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 […]
Business Line of Credit Loans
A line of credit is a type of business finance that allows you to borrow funds in smaller chunks as you need them. You’ll be approved to borrow up to a set limit, meaning you can withdraw funds up to that limit at any time without seeking approval. For instance, if your limit was $200,000, […]
Short-Term Business Loans
A short-term business loan refers to a business loan used as a short-term solution to a problem rather than a long-term investment for your business. They’re designed to be paid off within one to three years and deal with smaller amounts that can be paid off more quickly, from micro loans as small as $5,000 […]
Low Doc Business Loans
A low doc business loan (short for “low documentation”) is a type of loan designed for businesses that don’t have the extensive financial records typically required for traditional business loans. Unlike standard business loans, which often require two years of tax returns and business financials, low doc loans are structured with more flexible documentation requirements. […]
