Key Facts:
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Court actions by non-Big-Four lenders reached a record high in the September 2026 quarter, driven by non-bank lenders.
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Jirsch Sutherland reports a sharp rise in distressed SMEs taking out short-term loans with personal guarantees to manage cash flow.
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Directors risk losing their homes and personal assets if their businesses fail, with two recent Jirsch Sutherland cases highlighting the consequences.
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Jirsch Sutherland urges SME owners to seek restructuring advice before taking on expensive short-term debt or signing personal guarantees.
Media release
12 October 2026
Get advice before guaranteeing short-term loans, SMEs warned
Small business owners are being…