CreditorWatch CEO Patrick Coghlan says small business owners need to be “aware” of the fact that conditions are definitely “tightening”.
“I guess if you think about it in the grand scheme of things it’s probably a good thing because at the end of the day we want to bring inflation down,” Mr Coghlan told Sky News Australia.
“That’s ultimately going to mean a tightening of wallets and ultimately probably an increase in insolvencies which is what we’re seeing so it’s definitely tougher.
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