MELBOURNE, AUSTRALIA / ACCESSWIRE / June 16, 2021 / As a lender participating in the Australian Government’s SME Recovery Loan Program and with a wide range of products from lines of credit to secured and non-mortgage backed options, there are loans for those looking to rebuild and those who seek to prosper.
Many small businesses struggle to differentiate themselves in today’s competitive market and often need help. Secured and unsecured business loans can provide much needed financing to take a business to the next level.
The types of small business loans available from non-bank lenders such as Liberty can provide more opportunities for small businesses of all sizes to establish themselves in their market and meet their growth goals.
Business owners with commercial or residential assets can look for a Commercial loan to finance the growth of their business. Borrowing larger loan amounts at competitive interest rates is much more feasible when providing property as collateral for the loan. This is because asset-backed mortgage-backed securities are generally considered to be lower risk from a lender’s perspective. If things don’t go as planned, loss recovery is usually achievable by selling the property.
If business owners are unwilling or unable to provide real estate as collateral for a new loan, a unsecured business loan is an alternative. Depending on the size and performance of the business, they may be able to borrow funds by raising their business as collateral. The lender will then get a charge against the company to protect the financial position of the lender. An unsecured loan does not require any real estate assets as collateral, however, the application will require up-to-date transactional financial data.
If a business is larger and can provide property as collateral, a secured business loan might be a perfect choice. If the business is smaller and doesn’t have readily available real estate assets, or if it needs funds quickly, an unsecured business loan might be the better choice.
Commercial loans available from Liberty could provide a business with the support it needs to grow, regardless of its size. And for those looking for unsecured business loans, Liberty’s Lift business loan product offers a solution without the need for mortgage collateral. And, with its specialized credit reporting practices, Liberty can even help businesses with lower credit scores secure. small business loans.
Approved applicants only. Loan criteria apply. Taxes and fees are payable. Liberty Financial Pty Ltd ACN 077 248 983 and Secure Funding Pty Ltd ABN 25 081 982 872 Australian Credit License 388133, operating together as Liberty Financial.
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SOURCE: Freedom Financial
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https://www.accesswire.com/651929/Businesses-Have-More-Options-With-Liberty
