AVA Advisory revealed a significant portion of Australian small businesses needed assistance when managing and dealing with their business debt.
Research from the debt restructuring business highlighted that 38 per cent of SMEs acknowledged their need for financial or business advice against the backdrop of rising inflation and economic challenges.
Along with the acknowledgement that advice was needed, it also highlighted demand, as respondents said they wanted better advice to navigate their current debt challenges.
However, 62 per cent of SMEs said they did not need or want advice, which included 16 per cent that were receiving or had received advice to manage current debt.
AVA Advisory founder and CEO Andrew Quinn said it was…
