There's No Deal, So Time for the Real Negotiations: Bay Street Edition
Welcome to Bay Street Edition, our weekly newsletter devoted to what's happening in Canadian finance, covering strategy, deals, people moves and economics.
I'm Christine Dobby, Bloomberg's Toronto-based banking reporter, and you'll find me in your inbox every Friday. This week, we're talking about what's at stake after another tariff escalation, how Bombardier's big aircraft order gave it a boost and the new board chair at Toronto-Dominion. Plus: the gooey green chocolate confection you never knew you needed in your life.
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Smithfield Lifts Full-Year Outlook as Hog Unit Returns to Profit
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UK SMEs increasingly opt for alternative financing over traditional banks: iwoca
Recent research conducted by UK business lender iwoca has highlighted a surge in the number of small and medium-sized enterprises (SMEs) choosing alternative lenders over conventional high street banks. Gathered from iwoca's SME Expert Index, the data shows that finance brokers are now more likely to submit loan applications to alternative finance providers, with 61% indicating that more than half of their loan submissions in the past month were to non-bank lenders. The shift in preference is largely attributed to the need for expedited decision-making processes, as reported by 73% of brokers. This marks an increase from 63% in the previous quarter. The SME Lending Thermometer, a measure introduced in early 2025 to gauge the demand for SME finance, has registered a score of 5.6 for the second quarter of 2025. This score is a slight uptick from the previous quarter's 5.23, suggesting an incremental rise in the demand for finance among SMEs. The thermometer's score is calculated from broker feedback, which currently indicates that 41% of brokers perceive a high demand for finance, while only 26% view the demand as below average. Furthermore, the research points to a growing perception among brokers that mainstream banks are retreating from the SME lending market, with 71% in agreement on this trend. As a result, brokers are increasingly recommending alternative financing options to their clients, particularly for loan amounts greater than $100,000, with 65% of brokers guiding SMEs in this direction. iwoca UK chief commercial officer Colin Goldstein said: "We're at a real turning point for SME finance. More than ever, small businesses need quick and flexible funding, and they're increasingly turning to alternative lenders to get it. 'The pace of this shift shows just how much traditional banks are struggling to meet the changing needs of the UK's small businesses.' The findings of the SME Expert Index are based on a survey involving 83 brokers who submitted a collective total of 2,511 unsecured finance applications for their SME clients across the UK during December and January. "UK SMEs increasingly opt for alternative financing over traditional banks: iwoca " was originally created and published by Leasing Life, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
