Liberty’s Lift business loan can give you the funds you need for your business, quick and easy. All we need for your application is your business financial track records. We don’t require a mortgage for security against the loan so the application process is hassle-free and with no hidden fees.
|Rate (per annum)|
|Maximum loan amount*||$1,000,000|
|Minimum loan amount||$50,000|
|Principal & interest||
|Minimum loan term||12 months|
|Maximum loan term||5 years|
|Repayments||Weekly, fortnightly or monthly|
|Application fee (non refundable)||
$545 for loans ≤ $500,000
$1545 for loans > $500,000
|Loan establishment fee***||$950 or 0.95% of loan amount applies|
|Deferred facility fee****||2% payable|
|Service fee||$30 per month|
|Loan purpose||Including but not limited to working capital, inventory purchase, equipment purchase, business acquisitions, refinance of existing loans (including outstanding ATO obligations)|
|Security||Security requirements to be determined on application assessment|
|Time in business||≥ 2 years|
Our business loans were created for business owners, professional investors and self-employed people who are looking to make their money work harder. Our business loan means that you don’t need a mortgage to be used as security against your loan. This loan is more accessible to business owners – especially small and medium businesses – that have strong cash flow. The amount you can borrow is based primarily on your business’ revenue as well as other factors including your credit score, trading history and any other debts. One benefit of business loans like this is they are quick and easy to apply for.
*Loan amount may vary based on information provided. **Base interest rate applicable for businesses ≥ 7 years trading history. ***Whichever fee is greater. Fee can be capitalised into the loan. ****Applicable if the loan is repaid before the earlier of the end of the term or the third anniversary of settlement. *****Additional documentation may be required upon assessment.