Need to boost your business?

Need to boost your business?

There may be more help available than you realise.

The coronavirus pandemic has impacted businesses across the globe, but for those here in Australia - there is help available.

Whether through government initiatives or business products from your lender, here is what you need to know if you're a business in need.

Are you loan ready?

Before looking into finance options, it's worth doing a quick audit of your business to see if there are any cost savings that might reduce your need for a loan.

What does your business' financial health look like? Is your paperwork in order? Be sure that you have all the documentation needed to minimise delays during application.

Don't go it alone

Just as businesses differ, so do the lending products available.  Speaking to a broker is going to give you a better understanding of which solution may best suit your situation.

Whether you need a line of credit to draw on as needed, or are seeking unsecured options, loans come in many shapes and sizes. A broker has the knowledge and expertise to help you decipher which best suits your needs.

Government help

Assistance is available through various government schemes to support businesses to get back on their feet. The SME Guarantee Scheme,  offered by select lenders including Liberty, has been extended to June 2021 to help eligible small businesses with their working capital needs.

To help with cashflow and promote job retention, the JobKeeper initiative for the self-employed and eligible employees has aso been extended - until March 2021.

From increasing asset write-offs and business investment incentives, you can find out more about these funding and support schemes on the government's coronavirus business support website. 

Speak to an expert

Whether it's help with cashflow, funds for growth or business investment, talk to a Liberty Adviser to see what options could work for you.

 

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Approved applicants only. Lending criteria apply. Fees and charges are payable. Copyright © 2019 All rights reserved | Liberty Network Services Pty Ltd (ABN 65 151 158 628/Australian Credit Licence 408042) (LNS) is a wholly-owned subsidiary of Liberty Financial Pty Ltd (ACN 077 248 983/Australian Credit Licence 286596). Liberty Network Services has access to products including those from Liberty Financial.