Business loan solutions for free thinkers

Liberty business loans FAQs

• What is a business loan?

  A business loan is designed to provide the funds you may require to grow your business. A business loan can be used to pay for equipment, tools, stock, start-up costs, or even to help pay your staff. With a range of free-thinking business lending options, Liberty has solutions to suit the needs of businesses of all shapes and sizes. And, our experienced business loan specialists can guide you through the application process to help ensure a timely approval for your business loan.

• How can I apply for a business loan?

  To apply for a business loan, you may need to provide your current business details as well as an outline of how you intend to use the funds. Documentation requirements can vary based on the type of business loan you are looking for. If you select a business loan with no mortgage security, we may need extra information about your business financials, including financial statements. For support to review your options and determine which option is right for you, a Liberty Adviser can help.

• How can a business loan help grow my business?

  If you’re looking to grow your business, a business loan can be an excellent tool to help you take the next step forward. If you’ve just started out, a business loan can support you to cover the initial start-up costs and help to get things moving. Or, if you have an established business, a business loan can support you to expand your operations, upgrade your equipment or cover any extra expenses. Whatever your goals, Liberty’s free-thinking business loans can help you achieve them, sooner.

• What are the best business loans available?

  Whether you’re just starting out or trying to grow, a business loan can help you access the capital you need to thrive. As a small business, there a several loan types available to you – including secured business loans, unsecured business loans and lines of credit. The best loan for your business depends on a number of factors, such as how much you need to borrow, what the funds will be used for and how quickly you need the funds. For support to review your options and determine which Liberty business loan is right for you, speak with a Liberty Adviser.

• What’s the difference between secured and unsecured business loans?

  The key difference between an unsecured and secured business loan is the type of security required. A secured business loan uses physical assets such as property, machinery, or vehicles to finance the loan. While an unsecured business loan doesn’t require tangible collateral, be aware that you might still need to provide some type of security such as a personal guarantee. Unsecured business loans tend to suit smaller amounts with shorter repayment terms. The turnaround for approval can be quicker, but they can also come with a higher rate. For help finding the right option for your business, chat with a Liberty Adviser.

• Can I get a business loan if I have bad credit history?

  At Liberty, we don’t believe your past should affect your future, that’s why we look at an applicant’s whole story to find more ways to get to yes. Even if you have a history of bad credit and need a loan to help your business grow, reach out to Liberty today and see if we can help. You might be surprised at the options available to you.

• Does Liberty offer low doc business loans?

  Yes, we offer low doc business loans for borrowers who may not have the traditional financial documentation required for a loan. We can use other forms of income verification to assess your financial position and eligibility for a loan such as transaction banking information. Low doc business loans can be a flexible option for self-employed or small businesses to help reach your financial goals sooner.

• Where can I get a Liberty business loan?

  At Liberty, we offer business loans all around Australia. Whether you’re in Sydney, Perth, Brisbane, Adelaide, Melbourne or in a regional area there’s a Liberty Adviser near you who is ready to help. If you’re looking for a loan to start or grow your business, a Liberty Adviser can support you in finding a free-thinking solution. Kickstart your journey to reaching your business goals by locating your closest adviser using your postcode.