Small business debt masquerading as mortgages
Hidden company debt which is not being reflected in borrowing statistics.
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A good chunk of company debt is “masquerading as mortgages” in New Zealand, a business leader says.
BusinessNZ chief executive Phil O’Reilly says the hidden debt comes from small business owners leveraging their homes to finance a venture. This debt not being reflected in the borrowing
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Jason Walls
Thu, 02 Jul 2015
Thu, 02 Jul 2015
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Small business debt masquerading as mortgages
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