SMEs are now in the midst of the pandemic “hang over”. Inflation, rising interest rates and debts long overdue are now being called in which makes for double trouble. Meanwhile, businesses who have emerged from the pandemic in good shape are at risk of contagion where their customers who haven't fared as well start to struggle to pay within terms.
Two commercial debt experts joined Nick Samios, the Lunch Money host this week: Patrick Schweizer (Managing Director at Alares) and Michael Moon (Principle at TaxAssure).
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