Biz wiz

Find out how to prepare your business for the year ahead.

Robyn Slater 2024-02-01T03:46:00.000Z ・ [ "<p>With the changing economic climate, it’s important to monitor your cash flow to help set your business up for success this year.</p><p>Whether you’re a sole trader with a small operation or own a large and expanding business, there are options on offer to boost your business cash flow.</p><p>Here are some tips to help keep your business moving and thriving this year.</p>", "<h3><b>Forecast your costs</b></h3><p>Look ahead at your costs for the coming year to give yourself time to plan and assess if your expenses may outweigh your income.</p><p>A top tip is to use data from the previous year to gain insights into what the future may hold. If your business is new, use market research and industry benchmarks instead.</p>", "<h3><b>Secure a line of credit</b></h3><p>Whether your finances are looking a little tight, or you want to take on a new opportunity, a <a href=\"/blog/investor-central/keep-your-business-moving-with-a-line-of-credit\" uuid=\"362801a0-588c-40fd-8ff5-3ca96a6cd0cc\" target=\"_self\" linktype=\"story\" story=\"[object Object]\">line of credit</a> could be a handy solution.</p><p>A <a href=\"/business-loans/line-of-credit-business-loans\" uuid=\"ff73e566-161a-4c85-a179-7fddd3f1d1b5\" target=\"_self\" linktype=\"story\" story=\"[object Object]\">business line of credit</a> is a flexible option that provides access to funds as you need it. If your expenses are due sooner than your income, this ongoing solution could help keep things running.</p>", "<h3><b>Consolidate or refinance debt</b></h3><p>If you&#39;re juggling business debts, a <a href=\"/business-loans/\" uuid=\"de30ecb9-5fc6-46bc-9754-bb64ab4acb28\" target=\"_self\" linktype=\"story\" story=\"[object Object]\">business loan</a> may help put some cash back in your pocket and boost your cash flow.</p><p>While many banks will not refinance tax debt, free-thinking lenders like Liberty take a practical approach. Speak with your local Liberty Adviser to find a lending option tailored to you.</p>", "<h3><b>Chat to an expert</b></h3><p>Your business is unique, so your cash flow solution should be too. That’s why professional advice is crucial.</p><p>A <a href=\"/about-us/find-an-adviser\" uuid=\"b5701f78-b8e3-452b-8071-ce020698bab0\" target=\"_self\" linktype=\"story\" story=\"[object Object]\">Liberty Adviser</a> can help you explore lending options for you, your business and your cash flow needs.</p><p>If you have cash flow questions for a lending expert, reach out to your local Liberty Adviser today.</p>" ] min read

Making money from your passion is exciting, but where do you start?

Robyn Slater 2023-08-01T23:59:00.000Z ・ [ "<p>Whether you’ve decided to turn your hobby into a source of income or are ready to be your own boss, starting a business is an exciting milestone.</p><p>Before you take the leap to turn your passion into a paycheck, here are a few things to consider.</p><h3><b>Do your research</b></h3><p>From taking your sewing skills to a shop front, to turning your love of gardening into a flourishing full-time gig, the right research can help you get your idea onto paper.</p><p>To help set your new venture up for success, take the time to explore the demand for what your hobby offers, consider who your customer is and analyse your competitors.</p><h3><b>Develop a strategy</b></h3><p>Creating a clear strategy is a great way to map out the important aspects of your business and guide your decision making.</p><p>Include an overview of the company, details about your product or service, your target market, marketing strategy, and key goals.</p>", "<h3><b>Create a finance plan</b></h3><p>Consider creating a finance plan that includes a budget, cash flow plan, and net worth statement to help map out your projected expenses and income.</p><p>As you’re finding your feet in your business, you may need additional funds to support your cash flow and cover any unexpected expenses.</p><p>Speaking with a lending expert such as a <a href=\"/about-us/find-an-adviser\" uuid=\"b5701f78-b8e3-452b-8071-ce020698bab0\" target=\"_self\" linktype=\"story\" story=\"[object Object]\">Liberty Adviser</a> is a smart early step.</p><h3><b>Enlist an expert</b></h3><p>You’ll be wearing plenty of hats as a business owner – but finance expert doesn’t need to be one of them.</p><p>When it comes to your business finances, your accountant can help you get business-ready and prepared to meet your obligations moving forward.</p><p>Ready to put your ideas into action? Contact your <a href=\"https://www.liberty.com.au/about-us/find-an-adviser\" linktype=\"url\">Liberty Adviser</a> today to learn more about how they can help bring your business to life.</p>" ] min read

Is a new set of wheels the right move for your business?

Robyn Slater 2023-06-08T10:56:00.000Z ・ [ "<p>Whether you’re just starting out or have big plans to expand, <a href=\"/car-loans/business-car-loans\" uuid=\"25a81184-730a-4d35-a2e1-f19a00f7ad2c\" target=\"_self\" linktype=\"story\" story=\"[object Object]\">buying a business vehicle</a> is an exciting milestone.</p><p>Whether it&#39;s a hatchback, a ute, or a van, it’s not just about getting from A to B – it’s about helping your business go further.</p><p>Before you put the wheels in motion, here are a few things to consider.</p><h3><b>Cash flow impacts</b></h3><p>A vehicle may allow for business expansion and greater revenue, but the purchase could tighten your cash flow. It’s important to understand what your loan repayments will look like as well as the total purchase costs.</p><p>Remember to also account for ongoing expenses such as on-road costs and insurance.</p>", "<h3><b>Securing loan pre-approval</b></h3><p><a href=\"/blog/free-thinking/get-a-better-car-deal-with-finance-pre-approval\" uuid=\"0bd49546-781d-4d85-a89a-7aaee81ca324\" target=\"_self\" linktype=\"story\" story=\"[object Object]\">Loan pre-approval</a> can help strengthen your position when entering the buying process. It can help you understand your budget and give you confidence to make a move when you find the right set of wheels.</p><p>Make sure you’re on the right track by assessing all your loan options. If you’re a self-employed business owner and you don’t have complete financials, a <a href=\"/car-loans/low-doc-car-loans\" uuid=\"830aa2c3-49a7-4472-b1a7-87a10e7605c7\" target=\"_self\" linktype=\"story\" story=\"[object Object]\">low doc car loan</a> could be a suitable option.</p><h3><b>Potential tax implications</b></h3><p>There could be potential tax benefits to buying a business vehicle. You may be eligible to claim an instant asset write-off or, depending on the arrangement, claim on several car-related expenses.</p><p>Be mindful of how the purchase could affect your business tax if you plan to <a href=\"/blog/free-thinking/get-special-deals-this-eofy\" uuid=\"2453810f-f1d8-4886-81ca-1838a55b13c7\" target=\"_self\" linktype=\"story\" story=\"[object Object]\">buy a car around EOFY</a>. Chat with your accountant before driving off with the idea.</p><h3><b>Ask those in the know</b></h3><p>Whenever you’re thinking about buying a vehicle, it’s smart to shop around and seek advice from those in the know.</p><p>Want to get closer to owning a business vehicle? For help finding a lending solution for your situation, speak with a <a href=\"/about-us/find-an-adviser\" uuid=\"b5701f78-b8e3-452b-8071-ce020698bab0\" target=\"_self\" linktype=\"story\" story=\"[object Object]\">Liberty Adviser</a> today.</p>" ] min read

If you’re saving for a home deposit, a side hustle could help accelerate your savings and unlock your borrowing potential, sooner.

April Kenneally 2023-04-03T10:30:00.000Z ・ [ "<p>According to the <a href=\"https://www.abs.gov.au/media-centre/media-releases/record-number-people-multiple-jobs-june-quarter#:~:text=Lauren%20Ford%2C%20head%20of%20Labour,above%20its%20pre%2Dpandemic%20level\" custom=\"[object Object]\" target=\"_self\" linktype=\"url\">Australian Bureau of Statistics</a> (ABS), the number of working Australians with second jobs is at record high levels. While an extra gig can boost your house deposit, there are a few things to consider.</p><h3><b>Set a realistic goal </b></h3><p>To help determine how much of a deposit you’ll need to save, understanding your borrowing power is a smart first step. For example, if the maximum you can borrow based on your income is $450,000 then this information can help you create your savings target. </p><h3><b>Assemble expertise</b></h3><p>While there are <a href=\"https://www.liberty.com.au/home-loans/calculators/borrowing-power\" custom=\"[object Object]\" target=\"_self\" linktype=\"url\">calculators </a>available online that can help you crunch the numbers, nothing beats getting expert advice to set you up properly from the get-go.</p><p>A mortgage broker can support you to understand your borrowing power, the various costs associated with buying a home and the minimum deposit accepted by different lenders.</p><p>Depending on the structure of your side hustle, check your tax obligations with <a href=\"https://www.ato.gov.au/Media-centre/Media-releases/Side-hustles-are-front-of-mind-this-tax-season/\" custom=\"[object Object]\" target=\"_self\" linktype=\"url\">the ATO</a> to ensure you’re compliant. These important considerations can help you stay informed and motivated when working toward your savings goal.</p>", "<h3><b>Develop awareness of innovative lenders</b></h3><p>From weekend jobs, babysitting or housesitting to rideshare gigs, every bit of extra income can help build your deposit. You could sell items through online marketplaces, freelance, rent out pieces in your wardrobe, pet sit or become a mystery shopper. </p><p>While any extra income helps to boost your deposit, it’s important to keep in mind that not all lenders will accept income from a side hustle when calculating how much you can borrow. However, there are specialist lenders like Liberty that will take a more free-thinking approach when determining your ongoing income to support a new loan. </p><h3><b>Construct a plan and act early</b></h3><p>A free-thinking <a href=\"https://www.liberty.com.au/about-us/find-an-adviser\" custom=\"[object Object]\" target=\"_self\" linktype=\"url\">Liberty Adviser</a> is well placed to help you understand your options and open the door to more possibilities. Start your plan the right way and get in touch today.</p>" ] min read

To help find funds that fit your business, ask yourself these questions.

Laura Orchard 2022-09-28T17:55:00.000Z ・ [ "<p>Whether you&#39;ve been in business for a while, or are just starting out, a <a href=\"/business-loans/\" uuid=\"de30ecb9-5fc6-46bc-9754-bb64ab4acb28\" target=\"_blank\" linktype=\"story\" story=\"[object Object]\">business loan</a> is something you may be considering.</p><p>The right business loan can help run and grow your business – but before you start an application, there are some important things to consider.</p><p>Here are some questions about business loans to ask yourself first.</p><h3><b>How quickly do I need the funds?</b></h3><p>The speed of the loan approval process varies based on the lender and loan type. Depending on the purpose, you may need extra capital sooner rather than later.</p><p>While a short-term loan can provide a quicker boost than a long-term finance solution, it may not be the right option for your business needs.</p><h3><b>Do I want a short or long-term loan?</b></h3><p>The purpose of your loan will likely determine the length of your loan term, too. For example, securing funding to purchase inventory is different from financing new premises.</p><p>With a long-term loan, you receive the funds upfront and make regular repayments with interest. A short-term business loan is similar, but with a shorter repayment schedule.</p>", "<h3><b>What does my credit profile look like?</b></h3><p>Lenders typically review your personal and <a href=\"/blog/biz-wiz/how-healthy-is-your-business-credit-score\" uuid=\"0f50d3de-141c-4ab3-9dab-edeb9260f641\" target=\"_blank\" linktype=\"story\" story=\"[object Object]\">business credit score</a> when assessing your business loan application. So, it’s important to understand your position.</p><p>If your credit score is low, it could be challenging to secure a business loan. Fortunately, flexible lenders like Liberty will look beyond your credit history for solutions to help move your business forward.</p><h3><b>Do I need a business loan broker?</b></h3><p>A business loan broker specialises in tailoring finance solutions for business owners and self-employed borrowers.</p><p>They can help you find a suitable business loan solution and handle the paperwork for you, so you can focus on your business.</p><p>Do you have questions for a lending expert? Your local <a href=\"/about-us/find-an-adviser\" uuid=\"b5701f78-b8e3-452b-8071-ce020698bab0\" target=\"_blank\" linktype=\"story\" story=\"[object Object]\">Liberty Adviser</a> can help you explore which business loans may suit you and provide the answers you need.</p>" ] min read

Don’t let ATO debt get your business down – help is available.

Laura Orchard 2022-07-29T10:45:00.000Z ・ [ "<p>Receiving a tax bill as a business owner may feel daunting but rest assured you aren’t alone.</p><p>Estimates show that small businesses owe more than $12 billion to the Australian Tax Office (ATO). The good news is, there are ways to get back in control.</p><p>These steps can help you clear your tax debt, even if you don’t have the cash up front.</p><h3><b>Take early action</b></h3><p>While it’s tempting to ignore a repayment notice, it’s crucial to act early. By engaging with the ATO to manage your debt, you could avoid having your information disclosed and impacting your credit rating.</p><p>Keep in mind that overdue debts will incur a general interest charge (GIC). This interest is calculated daily on a compounding basis and can quickly add up.</p><h3><b>Arrange a repayment plan</b></h3><p>Depending on your circumstances, you may be eligible for a debt repayment plan with the ATO. This is where you agree to pay back the debt in instalments over a specific period.</p><p>While this may seem like an easy solution, interest may still apply on the unpaid debt. Try the ATO’s <a href=\"https://www.ato.gov.au/Calculators-and-tools/Host/?anchor=PaymentPlan&anchor=PaymentPlan/questions&anchor=PaymentPlan/questions#PaymentPlan/questions\"><u>online calculator</u></a> to estimate affordable repayments and interest charges</p>", "<h3><b>Consider a business loan</b></h3><p>Cash flow has a huge impact on when and how a business meets its tax obligations. A <a href=\"https://www.liberty.com.au/business-loans\"><u>business loan</u></a> could help you consolidate your debt and deliver a <a href=\"/blog/biz-wiz/what-is-cash-flow-lending\" uuid=\"867fed53-55f2-466c-bc1b-e42cf97e003e\" target=\"_self\" linktype=\"story\" story=\"[object Object]\"><u>cash flow boost</u></a>.</p><p>While many banks will not refinance tax debt, free-thinking lenders like Liberty can help businesses structure their finances to pay out the debt.</p><h3><b>Ask for expert help</b></h3><p>Obtaining expert advice from a trusted accountant, broker, or other professional is essential to helping you get things back on track.</p><p>A <a href=\"https://www.liberty.com.au/mortgage-broker\"><u>Liberty Adviser</u></a> can help you explore your debt refinancing or consolidation options.</p><p>Speak with your local <a href=\"https://www.liberty.com.au/mortgage-broker\"><u>Liberty Adviser</u></a> today to find a repayment solution that suits your needs.</p>" ] min read

Could a cash flow loan be the boost your business needs to grow?

Laura Orchard 2021-10-11T00:00:00.000Z ・ [ "<p>Cash flow is essential for a healthy business, but sometimes you need a little help to keep things moving.</p><p>If you need extra cash to grow your business, cash flow lending is one financing option that may be helpful.</p><p>We explore how it works and how it differs from traditional business lending.</p><h3><b>What is cash flow lending?</b></h3><p>Cash flow lending allows you to borrow funds against expected future revenue for business purposes, such as investing in new equipment or temporarily covering wages.</p><p>Cash flow loans can be secured by property, however there are options that don&#39;t require mortgage security. They can also offer repayment flexibility to suit business needs.</p><p>From <a href=\"/business-loans/line-of-credit-business-loans\" uuid=\"ff73e566-161a-4c85-a179-7fddd3f1d1b5\" target=\"_self\" linktype=\"story\" story=\"[object Object]\">a line of credit</a> to a term debt facility, cash flow loans come in many shapes and sizes. Speaking with a broker can help you determine which product is right for you.</p><h3><b>How does it work?</b></h3><p>Lenders typically look at the health of your business to determine if you qualify for a cash flow lending solution.</p><p>Cash flow loans are generally suited to businesses that have gaps in their working capital cycle – such as needing to pay for expenses before receiving customer payment.</p><p>The amount you can access with a cash flow loan will depend on your business needs and financial circumstances.</p>", "<h3><b>How is it different from a business loan?</b></h3><p>Cash flow loans typically take the form of an <a href=\"/business-loans/line-of-credit-business-loans\" uuid=\"ff73e566-161a-4c85-a179-7fddd3f1d1b5\" target=\"_self\" linktype=\"story\" story=\"[object Object]\">ongoing line of credit</a> or a cash injection from a short-term business loan.</p><p>While loans used to provide a cash flow boost are usually shorter than a traditional business loan, line of credit options are often revolving and may be subject to annual review.</p><h3><b>How do I apply?</b></h3><p>Cash flow lending is becoming more important for businesses – helping owners manage their cash flow cycle or make the most of a new business opportunity.</p><p>To learn more about cash flow loans or explore the <a href=\"https://www.liberty.com.au/business-loans\" linktype=\"url\"><u>business financing</u></a> options available to you, speak with your local <a href=\"/about-us/find-an-adviser\" uuid=\"b5701f78-b8e3-452b-8071-ce020698bab0\" target=\"_self\" linktype=\"story\" story=\"[object Object]\">Liberty Adviser</a> today.</p>" ] min read

A few things to consider before the June 30 deadline.

Laura Orchard 2021-06-11T12:45:00.000Z ・ [ "<p>With a new financial year around the corner, now is the time to get your business finances in order.</p><p>And, after a year like no other, your super and tax affairs may need extra attention.</p><p>To help you keep things running smoothly this tax season, here are a few things you might want to consider.</p><h3><b>Super steps</b></h3><p>Making extra payments towards your superannuation not only helps you reach your retirement goals sooner but may also reduce your tax liability.</p><p>Your accountant or financial adviser is best placed to advise you on your options and any actions that you need to take before 30 June.</p><h3><b>EOFY sales</b></h3><p>If you’re looking to take advantage of the end of financial year sales to buy a new business vehicle or plant and equipment, understanding the potential tax implications is important.</p><p>Depending on the size of your business, making a large purchase either side of 30 June could significantly impact your financial statements and tax position.</p><p>Speaking with your accountant before committing to an EOFY purchase is a smart idea.</p>", "<h3><b>Tax planning</b></h3><p>Cash-flow is critical for small businesses, so planning how you will meet any potential tax liability can help to relieve stress down the track.</p><p>Your accountant should be able to advise you of the payment options available to you through the tax office.</p><p>In addition, Liberty understands the cash-flow challenges that businesses face and can offer flexible loans to help you <a href=\"/blog/loan-school/tackling-your-tax-debt\" uuid=\"f01f0043-a035-41e9-bcc8-a60763c3eb8a\" target=\"_blank\" linktype=\"story\" story=\"[object Object]\">pay off tax debt</a>.</p><p>Speak with your local <a href=\"/about-us/find-an-adviser\" uuid=\"b5701f78-b8e3-452b-8071-ce020698bab0\" target=\"_self\" linktype=\"story\" story=\"[object Object]\">Liberty Adviser</a> today about the various finance solutions that you may be able to access.</p>" ] min read

If you’re self-employed, you can still find a loan that’s right for you.

Heidi Armstrong 2021-05-17T19:55:00.000Z ・ [ "<p>Low doc loans use other income verification methods to lend money to qualified <a href=\"https://www.liberty.com.au/home-loans/self-employed\" target=\"_self\" linktype=\"url\">self-employed borrowers</a> who don’t have the usual documentation.</p><p>Low doc loans are a great option for borrowers who are self-employed, independent contractors, or freelancers. These types of workers may not have the income documentation normally required to get a loan for a house, car, business, or personal matter. More and more Australians are sole traders or small business owners.</p><p>If you think you can’t get a loan because you don’t have the right paperwork, think again. Low doc loans can use alternative income verification methods to help show you can afford to repay a loan.</p><h3><b>What is a low doc loan?</b></h3><p>A low documentation or “low doc” loan uses alternative forms of income verification to assess loan suitability. Low doc loans are sometimes called “alt doc loans”, &quot;no-doc loans&quot; or “non-conforming loans”.</p><p>Rather than providing PAYG or PAYE payslips, <a href=\"https://www.liberty.com.au/home-loans/self-employed\" target=\"_self\" linktype=\"url\">self-employed </a>borrowers qualifying for a standard home loan, are generally required to provide their lender with the last two years’ business and personal financial statements and lodged tax returns. However, because tax returns are lodged once a year it may be that your most recent tax return is more than 18 months old and isn’t reflective of your current income levels. This is where a low doc loan solution can really help.</p><p>Lenders that are more flexible will work with you to use alternative documentation to help evidence your true income position. For example, your business activity statements that you lodge with the tax office every month or every quarter are a useful way of verifying your business turnover, expenses and potential profit. Similarly, your business and personal bank statements might show what salary you have paid to yourself over the last 12 months. This can be a helpful indication of your actual annual income levels.</p><p>Many business owners lean heavily on their accountant to help with managing their financial accounts and business activity statements. For this reason, some lenders will accept an income declaration from an accountant as a way to confirm the borrower’s personal and business income.</p>", "<h3><b>Low Doc Home Loans</b></h3><p>Low doc home loans are available for mortgages on both owner-occupied and investment properties. A typical low doc home loan requires a 20% deposit contribution from the borrower. Besides the way the borrower’s income is verified, all other aspects of a low doc home loan are the same as for a standard home loan.</p><h3><b>Low Doc Car Loans</b></h3><p>Just like a low doc home loan, a<a href=\"https://www.liberty.com.au/car-loans/low-doc\" target=\"_blank\" linktype=\"url\"> l</a><a href=\"https://www.liberty.com.au/car-loans/low-doc\" target=\"_blank\" linktype=\"url\"><u>ow doc car loan</u></a> is available to qualified borrowers who are able to verify their income levels using alternative methods rather than relying on annual tax returns.</p><h3><b>Low Doc Business Loans</b></h3><p>Low doc business loans can help self-employed borrowers by providing a source of funds for working capital, business growth or to buy inventory, equipment or even commercial property. <a href=\"/commercial-loans/low-doc-commercial-loans\" uuid=\"5259b11b-d90d-41a9-a964-471cc8b02b1b\" target=\"_self\" linktype=\"story\" story=\"[object Object]\"><u>Low doc business loans</u></a> can also be secured against either commercial or residential property.</p><h3><b>How long does it take to complete a low doc loan application?</b></h3><p>How long it takes to complete a low doc loan application will depend on which type of loan you are seeking and which lender you go to. Typically, non-bank lenders have a broader range of low doc loans than the banks and are more accustomed to assessing <a href=\"https://www.liberty.com.au/home-loans/self-employed\" target=\"_blank\" linktype=\"url\"><u>self-employed borrowers</u></a> using alternative income verification methods. When applying for a low doc loan, you want to choose a lender that is prepared to spend the time understanding your personal circumstances and business structure. These can get quite complicated and it’s important to work with a lender that doesn’t just put you in the ‘too hard’ basket. Speed is one thing, but an approval is what you’re after.</p>", "<h3><b>Are low doc loan interest rates the same as regular loans?</b></h3><p>Low doc loan interest rates may be a bit higher than regular or full doc loans. But, if your credit score is good, your deposit is sizable and you can prove strong cash flow, the interest rate for a low doc loan can still be very similar. Also, if the loan is for business purposes, the interest may be tax deductible.</p><h3><b>Can I get a no deposit low doc loan?</b></h3><p>For low doc home loans or low doc business loans, lenders generally require deposits of around 20% of the property value. It is worth remembering that the more deposit you put in, the lower your interest rate. Further, there are lenders that do offer no deposit <a href=\"https://www.liberty.com.au/car-loans/low-doc\" target=\"_blank\" linktype=\"url\"><u>low doc car loans</u></a> where the applicant’s asset position is strong. And there are also lenders who will provide a <a href=\"/commercial-loans/low-doc-commercial-loans\" uuid=\"5259b11b-d90d-41a9-a964-471cc8b02b1b\" target=\"_self\" linktype=\"story\" story=\"[object Object]\"><u>low doc business loan</u></a> to provide cashflow to your business.</p><h3><b>How do I compare low doc loans?</b></h3><p>Numerous financial comparison websites exist to help borrowers compare competitive low doc loans from different lenders. You’ll want to compare not only interest rates, but also fees, features and repayment terms. It is important to note that when doing your research using a financial comparison website, many of these sites are paid by different lenders to promote their products. This means that there could be lenders who offer more attractive loans, but these don’t get showcased on the website. Also it is good to be aware that fees such as Lenders Mortgage Insurance (LMI) is not usually displayed on a comparison site and you will need to find this out directly with the lender or your broker. If you are considering a low doc loan, it is worth looking for lenders who specifically cater to self-employed customers or unconventional borrowers. These lenders are more likely to offer greater flexibility when assessing an application as well as have assessors with more experience reviewing complicated financial arrangements. You want a lender who will work with you to help find a way to get your loan approved.</p><h3><b>Do I need a low doc loan broker?</b></h3><p>If you are considering a low doc loan, it can be helpful to talk to a trusted finance adviser or <a href=\"/mortgage-broker/\" uuid=\"bae31466-5467-44b1-af8e-87c5c35eb079\" target=\"_self\" linktype=\"story\" story=\"[object Object]\"><u>mortgage broker</u></a>. Not all brokers are experienced in providing low doc loans and it does help if you have an experienced broker on your side. It can be a good idea to ask your broker if they have access to a specialty lender on their panel. If your broker prefers to deal just with the major banks, then perhaps you might want to start looking at other service providers. Getting a low doc home loan, low doc car loan or a low doc business loan is something you want to get right and get right the first time.</p><p>Contact a <a href=\"/about-us/find-an-adviser\" uuid=\"b5701f78-b8e3-452b-8071-ce020698bab0\" target=\"_blank\" linktype=\"story\" story=\"[object Object]\"><u>Liberty Adviser</u></a> to find out a low doc loan could be the best solution for you.</p>" ] min read

There is still help available.

Liberty Staff 2021-04-13T00:00:00.000Z ・ [ "<p>JobKeeper, the Australian government subsidy that helped COVID-19-impacted businesses with cash flow and job retention, has ended.</p><p>But with one in four businesses still looking for funds, many may be feeling uncertain about how to keep their businesses and employees afloat.</p><p>Whether through a lender or government schemes, there is still help available.</p><h3><b>Take stock of your business</b></h3><p>Before seeking further support, it’s worth doing a quick audit of your business to see if any changes can be made to reduce your expenses. There may be areas of your business where you can increase efficiencies and reduce costs.</p><p>It’s important to set a clear cash flow strategy and be upfront with stakeholders, such as suppliers, landlords and lenders, if you are struggling. And if you do need finance, make sure you have all your documentation ready to avoid application delays.</p>", "<h3><b>Help available</b></h3><p>If your business received JobKeeper between January 4 and March 28, you might be eligible for the government’s SME Recovery Loan Scheme.</p><p>Alternatively, phase two of the SME Guarantee Scheme remains open until June 30. Participating lenders, including Liberty, receive government support to provide eligible businesses with credit to help with their working capital needs.</p><h3><b>Get advice</b></h3><p>For businesses concerned about working capital or looking for finance, speaking to an adviser to assess lending options is essential.</p><p>Some lenders, like Liberty, look at the bigger picture and will assess business loans on a case-by-case basis to find a custom solution that best fits your circumstances.</p><p>To discuss options for getting your business back on track, have a chat with a <a href=\"/about-us/find-an-adviser\" uuid=\"b5701f78-b8e3-452b-8071-ce020698bab0\" target=\"_self\" linktype=\"story\" story=\"[object Object]\">Liberty Adviser</a> today.<br /></p>" ] min read