business loans? let s get to work

business loans? let s get to work

2 we hear you

Our versatile, award-winning loans have helped australian small and medium SIzed businesses grow. Liberty Financial is a recognised leader in financial services that offers a broad range of finance options to both consumers and businesses. Our commercial loans have helped many small to medium-sized Australian businesses grow. From commercial loans that enable the purchase of business premises to debtor finance that provides cash flow solutions, Liberty s versatile loans are designed to give you effective, efficient answers to your business financing needs. If you need answers quickly, give us a call. We re listening. 3

Make your office your asset Whether it s buying your business premises or refinancing an existing loan, we can help. 4

Commercial Loans At Liberty, we can help you achieve your goal of buying your business premises, or we may be able to help with a better deal on your existing loan. We are happy to discuss your circumstances. Whatever your situation, we are likely to have the right solution for your business. What makes us different is our ability to assess each application on its own merits and offer solutions that are tailored to your unique situation. While some lenders try to fit everyone into a box, we will treat you as an individual. When assessing an application, our most important considerations are whether there is a benefit to the borrower and whether they can repay the loan. So for small to medium-sized businesses, we have developed a flexible range of lending solutions to help fund the purchase or refinance of commercial property. Features Competitive rates High permissible LVR of up to 80% Long loan terms of up to 30 years Alternative income verification, including Accountant s Declaration or your most recent Business Activity Statements No line fees, review fees, mandate fees or account keeping fees No annual reviews a genuine set and forget facility We lend across a wide range of postcodes Fast approvals and settlements. Fees and charges Our commercial loans have no ongoing fees and no annual review fees. We offer a true set and forget facility. Fees may apply when setting up your loan, which will consist of fees charged by Liberty and fees imposed by external parties (such as government taxes). These fees vary depending on the type of product and your particular situation, but may include: One-off application fee Mortgage stamp duty Document preparation fee Search costs Solicitor settlement fee. 5

Keep the cash flowing Liberty s debtor finance product provides an innovative alternative to business overdraft facilities. Debtor Finance For most companies, their outstanding invoices (often referred to as the debtors ledger ) are by far their greatest asset, but invoices often convert to cash at a much slower rate than necessary for a healthy cash flow. A typical situation is when suppliers demand payment within 7 days, while customers may take 30 days or more to pay. The subsequent gap can be difficult to manage, especially if the business is experiencing increased growth. Debtor finance can solve this problem. 6

Features Lending up to 90% of the value of invoices Funds available in 24 hours A credit line flexible enough to satisfy historic, projected and seasonal sales Utilise balance sheet assets to fund business growth instead of personal assets Funding can be confidential and discreet You retain complete control over debtor relationships. Debtor finance is a way for businesses to raise working capital. Debtor finance also known as invoice discounting - provides the business (the borrower) with finance based on the value of its outstanding debtor accounts. A revolving credit facility is established, which provides funding at up to 90% of the value of invoices being issued by the business. The rest is made available to the business, less any interest or fees, when your customers (debtors) pay. Liberty s debtor finance provides an innovative alternative to businesses overdraft facilities one that doesn t rely on bricks and mortar security. Businesses suited to debtor finance Small to medium sized businesses that are registered companies, with an annual turnover of between A$1 million and A$75 million are ideally suited to this form of finance. They must provide goods or services to other businesses and preferably have a diverse base of revolving debtors. Industries which are well suited to Debtor Finance include: Manufacturers food & beverage, household products, other sub-sectors Commercial services and supplies - employment services, commercial printing, other sub-sectors Transportation freight, logistics, other sub-sectors Health care equipment and supplies; and Telecommunication services. What does it cost? The interest rate is determined on a riskbased assessment of your business and the quality of your debtor book. Rates are generally comparable to prevailing overdraft rates. How we can help your business Accelerate your cash flow Release your personal assets Track your invoices Additional cost savings Alleviate the strain on your working capital. 7

FIND OUT MORE: If you would like to learn more about Liberty Financial and how we can help you reach your financial goals, speak to an accredited broker. Alternatively, visit us at our website www.liberty.com.au or contact us on 13 23 88. www.liberty.com.au RESIDENTIAL LOANS - COMMERCIAL LOANS - ASSET FINANCE - DEBTOR FINANCE LEGAL DISCLAIMER: Whilst every effort has been made to ensure the information is accurate at the time of publication, this brochure is only a guide and Liberty Financial does not warrant its accuracy, adequacy or completeness. It does not constitute an offer or inducement to enter into a legally binding contract and is not part of the terms and conditions for any Liberty product. Liberty recommends you seek independent advice if you intend to rely on the information contained in this brochure. Applications for credit are subject to the lending criteria applicable at the time of the application. Liberty Financial is not liable to you (whether in contract, tort, negligence or for breach of statute or otherwise) for any losses, damages, liabilities, claims or expenses (including legal costs) you may suffer in relation to the material in this brochure. Copyright 2010 Liberty Financial Pty Ltd. All rights reserved. Liberty Financial and the Liberty Star logo are registered trademarks of Liberty Financial Pty Ltd. PUBLISHED JUNE 2010