Liberty Backs Support for SMEs with Business Loans

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As the Australian government extends their support for SMEs, Liberty has lending solutions to help them thrive.

MELBOURNE, AUSTRALIA / ACCESSWIRE / August 24, 2024 / MELBOURNE, AUSTRALIA / ACCESSWIRE / August 24, 2024 / While small businesses will soon benefit from a recently passed federal government bill, non-bank lender Liberty reminds business owners that there are also a range of flexible business loan options available.

The Treasury Laws Amendment (Support for Small Business and Charities and Other Measures) Bill aims to help SMEs enhance cash flow by writing off multiple assets, while reducing compliance costs.

A welcome reprieve for SMEs, Liberty's Manager - Group Communications Kate Jenkinson applauded the recently passed bill. She also reminded business owners that non-banks like Liberty can find more ways to secure the finance they need to get ahead.

"Small businesses are the lifeblood of our economy. While this bill is a welcome measure, flexible business lending solutions can also help support a variety of business needs. If you're just starting out, it could cover initial start-up costs; if you're scaling up, it could help you expand the business, upgrade equipment, or support operations."

From start-ups to established businesses looking to expand, Liberty understands that many SMEs today require tailored financial solutions that align with the specific needs of each business.

"A business loan could unlock funds for a new premises, inventory or equipment, make business acquisitions, or support cash flow," Ms Jenkinson said.

"For instance, small businesses may face cash flow challenges due to delayed payments from clients. A business loan or line of credit can bridge this gap, allowing operations to continue smoothly."

When it comes to staying competitive and seizing opportunities, time is often of the essence. Liberty offers fast turnaround times and flexible funding to help small business owners act quickly.

And, for small business owners who may not have all the documentation traditional banks require, Liberty takes a holistic approach to tailor a customised lending solution.

"Each business is unique. A non-bank lender like Liberty has the flexibility to provide a timely, personalised approach to help business owners stay nimble," Ms Jenkinson said.

For 27 years, Liberty has recognised the significant role small business owners play in the Australian economy. With secured and flexible business loans, Liberty is committed to supporting business owners and help them take the next step on their journey.

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: [email protected]

SOURCE: Liberty