Small Business Cash Flow Loan (SBCS) extended till 24th July
Government loans of up to $100,000 are still available for eligible businesses to help with cash flow. Nearly $1 billion in support has already gone out to small businesses, including contractors and self-employed.
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.
Earlier in May the Small Business Cashflow Scheme (SBCS) was announced to assist businesses suffering from the impact of Covid-19, the last date to apply for the SBCS loan was 12 June 2020 however this has now been extended.
Applications now close 24 July 2020.
Find out if you're eligible for the small business cash flow loan scheme and how to apply.
Eligible businesses and organisiations
SBCS Eligibility Tool
Click here to read the overview on SBCS.
Check out for more details:
Terms and Conditions for SBCS Scheme
Source: IRD
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