Specialist lender Liberty Financial is extending its range of commercial finance products.At a briefing yesterday Liberty outlined its approach to small and micro businesses. Liberty will lend between $10,000 and $150,000. In a trial with 60 borrowers it has conducted since February average loan size was $27,000.Rates range from 7.75 to 18.75 per cent. Liberty expects that about 75 per cent of borrowers will be impaired credits - the same profile as for its consumer auto finance business.A significant number of Liberty's customers are renters who are not credit impaired but have trouble getting bank finance because they do not own a home.Liberty made its first move into commercial lending earlier this year when it launched a receivables finance package.Commercial auto finance customers have the option of a hire purchase agreement or a chattel mortgage. Borrowers will make their choice based on whichever product keeps ASIC charges and GST payments to a minimum.Approved borrowers will have the option of structuring their loans with balloon payments of up to 30 per cent.Liberty Financial's general manager of asset finance, Michael Baines, said the group would be looking to sell through specialist vehicle and equipment brokers, as well as established accredited brokers.Brokers will be remunerated by nominating a rate above the rate set by Liberty, up to a maximum of four per cent. The broker can then choose to have that rate paid as a trail or an upfront payment (a turbo payment).Liberty has a six month warranty that allows it to claw back broker fees if the loan falls over or is paid out early.Baines said that if the product took off it would be extended to industrial vehicles, such as bobcats and back hoes.