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Non-Bank Lenders Seek Access to Economic Resilience Program

Advocating for SME Support Through Government Initiatives

Non-Bank Lenders Seek Access to Economic Resilience Program?w=400

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Non-bank lenders are calling for inclusion in the Australian government's $1 billion Economic Resilience Program, emphasizing their crucial role in providing finance to small and medium-sized enterprises (SMEs).
The Reserve Bank of Australia has noted a significant increase in the non-bank share of SME lending since 2022, particularly for smaller loans.
This growth is driven by SMEs' demand for faster decisions, more flexible criteria, and diverse funding options.

Moneytech, a prominent non-bank lender, has highlighted the importance of their participation in the program to ensure comprehensive support for SMEs. They argue that excluding non-bank lenders could limit the effectiveness of the initiative, as these lenders have become integral to the SME financing landscape.

The Economic Resilience Program aims to bolster businesses facing economic challenges by providing financial assistance and resources. Including non-bank lenders would expand the reach and impact of the program, offering SMEs a broader range of financing options tailored to their specific needs.

As the economic environment continues to evolve, collaboration between the government and all financial institutions, including non-bank lenders, is essential to support the resilience and growth of Australian SMEs.

Published:Friday, 22nd May 2026
Author: Paige Estritori

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.

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Collateral:
An asset that a borrower offers as a way for a lender to secure the loan.