Liquidators are believed to be dealing with a central Albury interiors business.
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Interiors of Albury, in Young Street, has For Lease signs in its windows while calls to its telephone number have not been answered or returned this week.
Leasing agent LJ Colquhoun Dixon Commercial Real Estate directed The Border Mail's queries to Chamberlains SBR Chartered Accountants, a Wagga firm that specialises in business reconstruction and insolvency.
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A Chamberlains SBR representative has not responded to messages this week.
One customer who lost a $5500 deposit told The Border Mail Chamberlains SBR had informed them liquidators had become involved.
"Everyone's 'Shop local, shop local', and I always have," the customer said.
"I always help people in small business and then this happens."