All finance quotes are provided free (via our secure server) and without obligation. We respect your privacy.
CAR LOANS
AUSTRALIA
SHARE
Share this news item!
Non-Bank Lending to SMEs Reaches Record 47% Demand
Small Businesses Embrace Alternative Financing Options
0
The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.
Australian small and medium-sized enterprises (SMEs) are increasingly turning to non-bank lenders for their financing needs, with demand reaching a record high of 47%, marking a 50% year-on-year increase.
This trend signifies a threefold rise since September 2018, highlighting a significant shift in the SME financing landscape.
The latest SME Growth Index by ScotPac reveals that 60% of SMEs plan to invest in their businesses over the next six months, up from 55% in March 2022. Notably, SMEs experiencing declining growth are more inclined to seek non-bank lending solutions, with nearly 90% of this group opting for alternative lenders over traditional banks.
Despite the growing preference for non-bank lenders, 41% of SMEs not considering this option cite a lack of familiarity with non-bank businesses or brands as a major factor. This underscores the need for increased awareness and education about the benefits and offerings of non-bank financing.
For SMEs, the rise in non-bank lending presents an opportunity to access more flexible and tailored financing solutions. As the financial landscape evolves, exploring alternative lending options can provide businesses with the necessary capital to support growth and navigate economic challenges.
Please Note: We do not endorse any specific products or companies. Some content is sourced from third parties, including press releases, and may not be independently verified for accuracy or completeness.
Refinancing a fixed-rate mortgage can offer Australian homeowners opportunities to secure better loan terms or access additional features. However, it's crucial to understand the potential break costs associated with ending a fixed-rate loan prematurely. - read more
As of 2026, Australian homeowners are presented with competitive mortgage refinance interest rates, making it an opportune time to consider refinancing. With the Reserve Bank of Australia adjusting the cash rate earlier this year, many lenders are offering refinance options starting in the low 5% per annum range for well-qualified applicants. - read more
Welcome to Car Loans Australia, a proud member of the Financial Services Online network. Owned and operated by Clark Family Pty Ltd, A.C.N. 010 281 008, we are dedicated to helping Australian individuals and businesses find the best financial products, services, information, and advice available online.
calculatorWidget
knowledgeBaseWidget
Our Commitment
At Car Loans Australia, we do not endorse specific financial products or offer financial advice. Instead, we connect you with specialist financiers, insurers, or other financial advisors who can provide expert guidance based on your unique circumstances. Please note that Car Loans Australia may receive a fee or commission for these referrals.
Information and Guidance
The financial information on our website, including articles and news items, is intended for general informational purposes only. It should not be considered a substitute for professional advice. We strongly recommend consulting a qualified, licensed financial advisor to discuss your specific situation before making any financial decisions.
Connecting You with the Right Solutions
Our primary role is to facilitate connections between you and the right financial resources. Whether you need a specialized financier or an expert advisor, we aim to introduce you to professionals who can help you achieve your financial goals.
Contact Us
We are here to assist you with any questions or further information you may need. Please feel free to reach out to Car Loans Australia for assistance.
