There is no magic formula which will provide your business with total protection against the potentially devastating effects of bad debt. But there are simple steps you can take to protect your business and safeguard your interests.

Traditionally, SMEs have relied on banks to help them through difficult times, or to fund growth – with the changes in the landscape of the banking industry over the last few years, it is becoming apparent that SMEs are being left behind when it comes to understanding what routes are available to them when bank lending dries up.