Insolvency and credit risk firms have warned small businesses to be cautious when considering non-bank lending as court enforcements ramp up.
Non-bank lenders are stepping up court-based enforcement as major banks pull back in SME lending, fresh data from credit risk reporting firm Alares has revealed.
Insolvency solutions firm Jirsch Sutherland has urged company directors to be cautious when considering non-bank funding as insolvency pressures remain elevated.
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“From an insolvency perspective, enforcement pressure hasn’t fallen – it has shifted,” Andrew Spring, partner at Jirsch Sutherland, said.
“While the ATO remains the dominant…