Compare and apply for competitive business loans
Running a business is no small feat, both in terms of the effort you put in to run it and the significant investment required to sustain it. As such, it’s important to be aware of your options if you find yourself short on funds or are looking for a helping hand, which is where business loans come in handy.
Fortunately, you can compare a range of business loan offers right here with Savvy. We’re partnered with lenders across the country to help you access financing wherever you’re based. Start comparing your options today to help you save on your loan and receive the money you need fast.
The features and benefits of business loans
Business financing is versatile and can be taken out for small or large amounts, from as little as $5,000 all the way up to $500,000 with some lenders.
Thanks to a highly competitive market, you can benefit from lenders offering affordable interest rates and fees on their business loans to help you reduce the cost of financing.
Whether you need a short-term injection of funds or a more significant investment to be repaid over time, you can structure your loan to suit your repayment needs.
You can secure the funds you need quickly, with easy online applications and money transferred in as little as 24 hours from the start of your application.
You’ll be able to compare business loan options without any penalties for completing your repayments ahead of schedule, enabling you to save on interest and fees.
The entire process is conducted over the internet, so you won’t need to worry about messy paperwork or in-office visits to your lender as part of receiving your funds.
Whether you need money to boost cashflow, help pay for your employees’ salaries or buy expensive equipment, a business loan can be used for just about any commercial purpose.
Why business owners compare loans with Savvy
How to compare business loans
The interest that you’ll pay on your business loan will play a major role in forming the overall cost of financing. As such, you should always keep them front of mind when comparing different offers. For example, a $50,000 business loan over three years at a rate of 10% p.a. would cost you almost $850 more in interest overall than the same loan at 9% p.a.
Applying for a business loan
In most cases, the process of applying for your business loan is a fast and efficient one which is simple to follow and complete in very little time.
Indeed, many business loan financiers supply applications that will take you as few as five minutes to fill out and submit.
It’s important to familiarise yourself with every step of the process after deciding on which loan to choose, as you can anticipate the direction of your application and avoid potential bumps in the road.