Date posted: 9/06/2020

NZ small business loan scheme extended

Small businesses have been given more time to apply for the Small Business Cashflow Loan Scheme.

The Government's Small Business Cashflow Loan Scheme has been extended and applications for a loan can now be submitted up to and including 24 July 2020.

Organisations and small to medium businesses, including sole traders and the self-employed, may be eligible for a one-off loan with a term of 5 years if they have been adversely affected by COVID-19. Loans are interest free for one year.

Support to small businesses and organisations

The Small Business Cashflow Loan Scheme supports businesses and organisations struggling because of loss of actual or predicted revenue as a result of COVID-19.

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