Liberis claim to focus on small to medium-sized businesses, so they are perfect for those who might require a smaller loan from a company with a wealth of experience and reputation for fairness.
Interested in learning more?
In this guide, you’ll find out everything you need to know about Liberis, including who they are, their different business loans and reviews from customers.
What’s in this review?
Let’s get this show on the road!
Who is Liberis?
Liberis says that they go above and beyond to help smaller businesses with their funding, which is sometimes based on the company’s future credit and debit card sales.
With the Liberis technology, effectively your customers pay back your advance as repayments that are linked to your cash flow.
Plus, they charge a straightforward price with no fees!
According to the Liberis website, to date, they have helped over 5,000 businesses obtain £170 million in funding in the last ten or so years.
As they are backed by the British Business Bank, their customers have the added reassurance of dealing with a finance provider supported by the UK Government.
And, by employing leading industry experts, they hope to help UK businesses to reach their full position with the equipment and employees their company requires.
Business Loan Features
So, what are the features of their business loans?
Liberis offers a full range of services regarding their loans, that will meet the needs of most businesses both small and medium-sized.
They can tailor their loans to meet the requirements of your business, making them one of the most accommodating lenders around today.
This is what they offer:
✔ Fast Business Loans
✔ Unsecured Loans
✔ Pay Back As You Earn
✔ Business Credit Cards
✔ Bad Credit Loans
✔ Between £2,500 And £500,000 Limits
Fast Business Loans
This loan is perfect for businesses that require urgent finance.
You might need this kind of loan if your company is in a bit of a temporary slump, or you have some investment opportunities.
According to reports, 80% of applicants that apply for this loan are successful, and you might only have to wait 24 hours.
Unsecured loans mean that you don’t have to put anything up as collateral, like your house or other assets that could be repossessed if you don’t make your repayments.
This makes them a highly sought-after type of loan, as it is a safer funding option for the borrowers.
Pay Back as you Earn
You could also get a cash advance, which can be very beneficial for smaller enterprises as it allows you to grow your business before you have to pay it back.
So, once your business is in profit, you are compelled to start paying your loan off.
What each payment will depend on your profit and the terms of your loan.
With Liberis, a minimum of £2,500 is required to take out a business loan, which is an industry average.
The maximum value of an SME loan you might be able to take out is £300,000 or even £500,000, which is considered to be very very high.
The loan your business takes out needs to reflect the needs of your company, and how realistic it will be to pay it back.
How to Apply
Interested in taking out one of those loans?
Let’s take a look at how you can apply for one of these loans.
- Input information about your business, including your business’s name, company number, industry and postcode.
- Then, give Liberis your contact information.
- Give them information regarding your average card takings.
- Let Liberis know how much funding you require.
- Finally, give them information about you; the business owner.
And that’s it!
According to the Liberis website, your loan could be approved within five minutes.
So, what are customers saying about Liberis?
Although they currently have no interviews on Trustpilot, they do have some reviews on their Google page.
Positive Liberis Review
James Bell on Google: Brilliant service, brilliant people!
Negative Liberis Review
Francesco Carta on Google: My experience with Liberis has been very negative. Not FCA regulated and, in our case, misleading application process. They recognise their mistakes which is a starting point but don’t feel to be accountable for damages caused. Rather than helping the business, in our case, they damaged it.
Liberis offer both phone and online support to their customers, as well as handy faqs to help your business navigate through the process of borrowing funds.
Not only do they offer a live chat function so you can speak to a representative immediately, but you can also call on 01276 944512 between the hours of 9 am to 6 pm Monday to Friday.
For complaints, you can either call the standard number, or you can email firstname.lastname@example.org.
Carl Hughes on Google: Pestered on the phone regulary after requests to be removed have been ignored
|Company||Trustpilot Score||Loan Amount||Loan Term||Typical APR|
|Liberis||★★★||£2,500 to £300,000||6 to 12 months||No APR|
|Boost Capital||★★★★★||£3,000 – £500,000||4 to 18 months||1.5% – 2.5%|
|Capify||★★★★★||£3,500 – £500,000||6 to 10 months||67.89%|
|Shawbrook Bank||★★★★★||£250,000 to £25 million||Bespoke||0% to 19.9%|
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Take a look at the guides to find out more about your finances, or fill out the form at the top of the page.
- Customer Support
- Loan Flexibility
Loans from Liberis are more suited for small and medium-sized businesses that do not require a significant amount of money. A small amount of money is something you could get quickly within a short amount of time.
✔ Liberis does not charge APR or any additional fees
✔ You can borrow up to £300,000.
✔ Your company can acquire more than with other lenders, as long as you are eligible.
✗ Liberis doesn’t have a Trustpilot rating as highly as their competitors.
✗ Strict loan terms.
✗ They do not offer loans to very young businesses.