Small business finance is possible

Small business finance is possible

Helping customers find the right finance option to achieve their business dreams.

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Liberty Staff11 Apr 2017 ・ 4 min read
Business loans
Self employed

Running a business isn’t always easy, especially when it comes to managing your cash flow. An unexpected invoice, lack of sales or increase in demand can be enough to throw the financial scales off balance and create stress for you and your business.

Sometimes you need help. So, where can you turn when things get tough financially? Liberty understands that businesses need funding in order to succeed and grow.

That’s why we provide a range of finance solutions, like low-doc loans for self-employed people and business loans secured by commercial or residential property.

But if you’re in need of a business loan and don’t have any property to offer up as security for the loan, Liberty’s preferred business partner Moula is set up to help.

Moula provides unsecured business loans via an online application that could see you approved in minutes. Approved applicants can borrow up to $250,000 and only pay a fixed interest rate on the outstanding balance of the loan.

The best part is there is no cost to set up your loan and no early repayment fees. Whatever your business needs, Liberty and Moula are here to help with small- or large-scale finance options.

For more information on Liberty’s business loan solutions click here or to find out about Moula’s finance options click here. Both Liberty and Moula understand the challenges of running a business and are passionate about making this process a little easier.

Here are just a couple of our stories we’d like to share.

Moula: A helping hand to get on with business

Sometimes all a business needs is a small, quick injection of cash to keep everything running smoothly. For Samantha, Director of Thrive Investment Finance, that’s exactly what her business needed when getting ready to move offices.

“I’m a mortgage broker so I know all the hoops you have to jump through to get a bank loan. Moula was originally recommended to me as an alternative to the banks, and because I use the accounting software Xero, it was incredibly easy.”

Banks aren’t always the most efficient when it comes to processing loan applications, and many set a minimum loan amount. In Samantha’s case, all she needed was $5,000 for office supplies and furniture to make relocating the business a relatively pain-free exercise.

“We just needed chairs, desk supplies, that kind of thing, so I got in touch with Moula. It was super easy, and the money was in my account the next day.”

Because Samantha had already taken out a loan with Moula and had all her business data ready to go with Xero, Moula were able to approve her loan quickly.

“I have used Moula a couple of times now and I also recommend them to my small business customers.”

Moula understands that SMEs are busy taking care of business and the time it would normally take to apply for finance is time that could be better spent running the business. That’s why Moula’s online application takes less than 10 minutes and once approved, funds are typically available in less than 24 hours.

For more information about the business loans Moula offer click here.

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A kick-start in business, courtesy of Liberty

It’s never easy to go out on your own and that’s especially true when it comes to starting a business. Kym and her partner were both working full-time but had big dreams of running their own business in hospitality.

For months they tried to find the right finance option. But they were unsuccessful until a friend put them in touch with a Liberty Network Services Adviser. The Adviser assessed their situation and worked out a finance solution that would enable them to use the equity in their home as security for a loan.

“The Adviser was really helpful and positive, which was great after what we’d just experienced,” she said.

With the Liberty Adviser's help, Kym and her partner were able to secure a café at Palm Beach on the Gold Coast and start their dream of being business owners.

“Without the help from my Liberty Adviser, I may have given up looking altogether, as we’d been trying to find the right finance for about 12 months."

These clients were able to find the right finance solution thanks to the help of their Liberty Adviser.

To find out more about how a Liberty Adviser could help you, get in contact today here.

Or to find out more about the finance options Liberty offer click here.

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Liberty Staff

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