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So Money Launches New Lending Solutions for Self-Employed and SMEs

Addressing the Growing Demand for Flexible Business Financing Options

So Money Launches New Lending Solutions for Self-Employed and SMEs?w=400

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.

In response to Australia's expanding small business sector, non-bank lender So Money has introduced new lending solutions tailored for self-employed borrowers and small and medium-sized enterprises (SMEs).
This strategic move aims to simplify the income verification process and provide more flexible financing options to a traditionally underserved market.

So Money's founder, Zachary Su, highlighted the challenges faced by small business owners in securing financing from major banks, which often have rigid requirements and lengthy assessment periods. The new offerings are designed to address these issues by streamlining the application process and accommodating the unique financial profiles of modern Australian SMEs.

Key features of So Money's new lending solutions include:

  • Simplified income document verification, reducing the administrative burden on borrowers and brokers.
  • Flexible lending criteria that consider the diverse income patterns of self-employed individuals.
  • Rapid approval cycles, enabling businesses to access funds quickly to seize growth opportunities.

Additionally, So Money has introduced a broker-partnership model that allows brokers to focus on sales and client relationships, while the lender handles data entry, follow-ups, and back-office support. This model aims to enhance efficiency and scalability for brokers, providing a supportive platform for both experienced professionals and new entrants.

With over 500,000 new Australian Business Numbers (ABNs) registered between April 2023 and October 2025, the demand for accessible and flexible business financing is on the rise. So Money's expansion into SME lending positions it to meet this growing need, offering tailored solutions that align with the evolving landscape of Australian small businesses.

Published:Thursday, 1st Jan 2026
Source: Paige Estritori

Please Note: If this information affects you, seek advice from a licensed professional.

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