Inland Revenue will provide interest-free loans for a year to small businesses impacted by the COVID-19 economic shock. The Small Business Cashflow Loan Scheme will provide assistance of up to $100,000 to firms employing 50 or fewer full-time equivalent employees.

Loans will be interest-free if they are paid back within a year. The interest rate will be 3% for a maximum term of five years. Repayments are not required for the first two years. Applications will open on 12 May and be managed by Inland Revenue.

Click here to read more about the interest free loans for viable small NZ businesses

Other measures include:

Please ask if you have any questions on these initiatives. To learn more, we have some fact sheets for your information. Read more here