Mon, 12th Jan 2026

In this week's edition of Financial Services Online's Weekly Finance News Wrap, the significant shift in Australia's financial landscape was discussed. Australian Small and Medium Enterprises (SMEs) are increasingly turning to non-bank lenders due to faster approvals, flexible lending criteria, and bespoke options. The ScotPac SME Growth Index reveals non-bank loan demands rising to 55% early in 2025, marking a significant increase over the previous year. However, businesses are advised to carefully consider loan terms, interest rates, and lender credibility. The Australian Securities and Investments Commission (ASIC) calls for stronger regulations in the private lending sector, stressing clear reporting and risk disclosure after finding inconsistencies and alarming issues. While alternative lending sources are gaining popularity, SMEs must carefully scrutinize lending agreements. For more information, tune in to the Weekly Finance News Wrap.