MELBOURNE, AUSTRALIA / KING NEWSWIRE / June 26, 2024 / Reserve Bank of Australia Assistant Governor (Financial System) Brad Jones recently highlighted the importance of small businesses in accelerating innovation in Australia during his speech at the COSBOA National Small Business Summit. He emphasized that while funding can significantly impact the success of SMEs, managing cash flow remains a significant challenge.
Liberty, a non-bank lender, has long been an advocate for SMEs across various industries, recognizing their vital contribution to Australia’s progress. For over 26 years, Liberty has supported business owners through its flexible business loans, helping them seize growth opportunities.
Kate Jenkinson, Manager – Group Communications at Liberty, stated that a business loan could support SMEs in advancing their development and gaining a competitive edge. “When business owners have fresh ideas and plans for growth, they usually want to start implementing them as soon as possible,” Ms. Jenkinson said. “A business loan could provide the upfront funding needed to cover the expenses required to move closer to a specific goal. This might involve operation expansion, equipment upgrades, or research and development.”
Securing funding can be challenging for small business owners who may not have the traditional financial documentation required for loan applications. However, Liberty offers flexible low doc business loans with alternative income verification methods to support self-employed borrowers. Additionally, Liberty provides flexible business loans that do not require mortgage security. “At Liberty, we look beyond traditional assessment methods to help businesses of all shapes and sizes put plans into action,” Ms. Jenkinson added.
Liberty leverages its expertise and resources to assess a borrower’s financial strength using alternative means and provide innovative solutions when necessary. “We know not every borrower is the same, so we take a more holistic and personalized approach to lending to find solutions that cater to a borrower’s unique situation,” said Ms. Jenkinson.
About Liberty
As one of Australia’s leading non-bank lenders, Liberty offers innovative solutions to provide customers with greater choice. Over more than 26 years, this free-thinking approach to loan solutions has served over 850,000 customers across a diverse 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 achieve financial success.
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
Website: https://www.liberty.com.au/business-loans
SOURCE: Liberty