Monday, November 28, 2022

Flexible Finance Helps Seasonal Businesses Maximise Operations

For many businesses, a new season means either slowing down of trade, or the busiest time of year. With the right solution, Liberty says both can remain in control of their finances.

Flexible Finance Helps Seasonal Businesses Maximise Operations
Business Loans

Business Loans

MELBOURNE, Australia - October 28, 2022 - (Newswire.com)

Businesses that operate based on seasonality often experience more significant fluctuations than other businesses. Those located in towns most popular during summer might now be gearing up for their busiest period. In contrast, those who thrive in winter may be experiencing a drop-off as warmer weather arrives.

No matter which camp they sit in, it's important for every business owner to be ready for the seasonal peaks and troughs that arise. Non-bank lender Liberty, which has decades of experience working with business owners, says cash flow management is one of the biggest issues faced by seasonal businesses. 

According to Head of Communications Heidi Armstrong, it's important to prepare for times when extra capital is needed. And it's not unusual for business owners to seek these added funds through business loans. "As a seasonal business, managing finances is just as important in the busy season as when you're in a bridge season," she said. "Business owners often take a reactive approach to cash flow management and don't look for help until things start to get tight."

Regardless of the season, flexible lenders such as Liberty can help business owners find the right finance solutions to support their operations and growth plans. Liberty offers a suite of free-thinking business loans catered to the unique needs of business owners — and help more of them secure the funds they need.

"Liberty understands that business customers often require fast access to funds. That's why we offer a range of business loans with fast turnaround times designed to support business customers to secure funds when required."

Even those with a less-than-perfect business credit score are encouraged to reach out for help to find a loan option that matches their needs. "Liberty understands the unique needs of business owners — and can offer flexibility many other lenders can't," Armstrong said.

Approved applicants only. Lending criteria apply. Fees and charges are payable. Liberty Financial Pty Ltd ACN 077 248 983 and Secure Funding Pty Ltd ABN 25 081 982 872 Australian Credit Licence 388133, together trading as Liberty Financial.


Contact Information:
Heidi Armstrong
Head of Communications, Liberty Financial
[email protected]
+61 3 8635 8888


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Original Source: Flexible Finance Helps Seasonal Businesses Maximise Operations
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Global Growth Comments on Liquidation of Greg Lindberg’s North Carolina Insurers

'We deeply disagree with the NCDOI's decision to liquidate these companies — and we're surprised and disappointed that things got to this point,' said Global Growth CEO Justin Holbrook, 'They didn't have to.'

ORLANDO, Fla. - November 22, 2022 - (Newswire.com)

In response to the North Carolina court decision to liquidate Colorado Bankers Life Insurance and Bankers Life Insurance, two Global Growth-affiliated insurance companies, Global Growth CEO Justin Holbrook issued the following statement:

"We deeply disagree with the North Carolina Department of Insurance (NCDOI) decision to liquidate these companies — and we're surprised and disappointed that things got to this point. They didn't have to.

"First, we asked the judge for a continuance so that we could engage in discovery to understand the NCDOI's sudden determination that CBL and BLI should be liquidated now. As far as we know, nothing material has changed in terms of the insurance companies' liquidity or ability to meet their current policyholder obligation under the court's prior orders. NCDOI did not approach us before filing their liquidation motion nor explain their reasoning.

"Second, our goal remains helping policyholders get full access to their benefits as quickly as possible. Liquidation simply doesn't do that. Two years or more can pass under liquidation before most policyholders receive their benefits. By contrast, the sale of the NC insurance companies now would help policyholders start receiving their full benefits in a matter of months. The NCDOI has received two signed LOIs to buy our insurance companies, and all they have to do is accept one of them — which would help policyholders now. 

"Third, and most importantly, liquidation should always be a measure of last resort because it impacts state guaranty funds and threatens to leave some policyholders out in the cold. In this situation, liquidation doesn't need to happen at all, since there are other alternatives on the table. By NCDOI's own admission, there is substantial available liquidity in CBL and BLIC, and they are more than able to meet policyholder needs today. In fact, their cash position is so good that NCDOI just filed a request to relax the moratorium standards the court put in place in 2019 so more policyholders could get access to more of their benefits now. We support that decision and would even urge the NCDOI to do more. 

"The bottom line is going through the long process of liquidation makes no sense when the insurance companies can be sold today. Policyholders shouldn't have to wait any longer. Today's decision hurts — not helps — policyholders get full and quick access to their benefits.

"I've spent much of my professional life in public service and learned long ago that working together is always the best way. It saddens me that Commissioner Mike Causey still refuses to do that. In the end, the court's decision today means that policyholders are still the ones paying the price for Mr. Causey's actions."


Contact Information:
Sophie Turrell
[email protected]


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Original Source: Global Growth Comments on Liquidation of Greg Lindberg's North Carolina Insurers
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