Liberty welcomes the expansion of the government program for small
MELBOURNE, Australia, September 27, 2021 (GLOBE NEWSWIRE) – Further help for Australian SMEs has arrived with increased government funding, and Liberty, the leading non-bank lender, is excited about the opportunity to support more business clients .
The current economic impacts of COVID-19 restrictions are difficult for businesses, but the expansion of the Australian government’s SME recovery loan program is a promising solution. As a participating lender, Freedom will continue to support eligible business customers with free thinking business loans until December 31, 2021.
As part of the enlargement of the program, several changes have been made to the eligibility criteria which will allow more SMEs in difficulty to apply for aid funds. The program will no longer require that businesses have accessed JobKeeper payments in the March 2021 quarter or that they have been affected by the flooding.
Eligible SMEs will have access to business loans of up to $ 5 million for up to 10 years. Borrowers can use these loans for many business purposes, including supporting investments or refinancing other eligible debts.
The types of business loans available from non-bank lenders such as Liberty may provide more opportunities for business owners looking to rebuild or reach new heights.
Liberty was one of the first non-bank lenders to join the initial SME Guarantee Program and is committed to helping small business clients grow their successful businesses.
Liberty can provide flexible business solutions tailored to the unique needs and circumstances of business owners. With specialized credit scoring practices, Liberty can even help people with lower credit scores find the right loan.
With a competitive line of business loan products, Liberty is here to help you prepare your business for success.
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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Image 1: Freedom
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