These included arrangements for business equipment like multifunction printers where equipment was provided alongside a financial agreement with a third-party financier.
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Help SMEs ‘trapped’ in bad loans, accountants told
Dr Craig Latham, Deputy Australian Small Business and Family Enterprise Ombudsman (ASBFEO), said his office received over 7,000 requests for assistance each year with some of the most difficult cases involving SMEs “trapped” in arrangements that no longer work.
