Liberty Supports Small Businesses Amid Industry Challenges

As increased inflation and lower consumer confidence impact SMEs, Liberty has lending solutions to help them focus on growth.

MELBOURNE, AUSTRALIA / ACCESSWIRE / July 1, 2024 / Acknowledging the importance of the small business sector and its present challenges including inflation and operational costs, the 2024-25 Federal Budget included $641.4 million in targeted support for small businesses.

With its range of free-thinking business loans, non-bank lender Liberty supports businesses of all shapes and sizes to achieve growth in the face of tough market conditions.

According to Manager - Group Communications Kate Jenkinson, a business loan could keep a business moving forward by helping to cover the cost of equipment, tools, stock, or working capital.

"At Liberty, we understand Australian small business owners are currently facing challenges, and access to funding can make a significant difference.

"A business loan could also aid expansion and exciting growth opportunities - which often get pushed down the priority list," Ms Jenkinson said.

Liberty's business loans are designed to provide the funds business owners need to take advantage of opportunities when they arise and reach goals sooner.

Some small business owners find they might not have the documentation required for a traditional loan application. However, Liberty's low doc business loans offer alternative income verification options.

Liberty also offers business lines of credit, giving business owners easy access to funds when they need it most.

"Business loans can help upgrade equipment and facilities or improve cash flow and cover any extra expenses that arise," Ms Jenkinson said.

Liberty is committed to supporting Australian business owners and has the experience and resources to help them take the next step forward in their business journey.

"Each business is unique, so the lending solution needs to be unique as well. We look at a borrower's finances holistically and take a tailored approach," Ms Jenkinson said.

About Liberty
As one of Australia's leading non-bank lenders, Liberty offers innovative solutions to support customers with greater choice. Over more than 26 years, this free-thinking approach to loan solutions has seen more than 850,000 customers across a wide range of home, car, business and personal loans, as well as SMSF lending and insurance products. Liberty remains the only non-bank lender with an investment-grade credit rating offering custom and prime solutions to help more people get financial.

Approved applicants only. Lending criteria apply. Fees and charges are payable. Liberty Financial Pty Ltd ACN 077 248 983 and Secure Funding Pty Ltd ABN 25 081 982 87 2 Australian Credit Licence 388133, together trading as Liberty Financial.

Contact
Kate Jenkinson
Manager - Group Communications
P: +61 3 8635 8888
E: mediaenquiries@liberty.com.au

SOURCE: Liberty