Government business cash flow loan scheme

Government business cash flow loan scheme

CK Updated
The Beehive in Wellington

Government announced they will provide loans of up to $100,000 to help small to medium sized businesses, including contractors and self-employed.


Help us get the word out!

Sharing this article helps to support the local community.


The scheme provides a one-off government loan for businesses and organisations impacted by COVID-19 to help with cash flow. Applications are open until the 12 June 2020. Small to medium sized businesses with 50 or fewer full-time employee equivalents can apply. The scheme is also open to sole traders and self-employed businesses. 

Details of the loan includes:

  • $10,000 to be provided to eligible businesses
  • an additional $1800 per full-time employee equivalent
  • interest free if the loans are paid back within a year
  • an interest rate of 3% for a maximum term of five years
  • repayments not required for the first two years.

The maximum amount you can borrow depends on the number of full-time and part-time employees you have. If you are a business without employees, ie sole trader or self-employed, you can receive a loan of up to $11,800. Find out more information and how to apply at the Ministry of Business, Innovation and Employment. 

Read More

More Business News

CK
Cathy Klouwens
January 13, 2021
We all know that having enough time to tackle the everyday tasks and demands of a ...
KN
Kat Neilson-Jones
December 16, 2020
Work life balance doesn’t need to be a vague concept that is wished for and never ...
CK
Cathy Klouwens
December 23, 2020
The AutoBarn 2004 Ltd won the Most Improved Workshop at the November Auto Super Sh...
CK
Cathy Klouwens
December 09, 2020
A new entrepreneurship mentor programme connecting Mercury Bay Area school student...
CK
Cathy Klouwens
November 10, 2020
Alisa Clapham and Henry Newton relish being the new owners of Dino’s Pizza and Pas...
CK
Cathy Klouwens
October 23, 2020
When Tony Moyes established Mercury Bay Spouting six years ago he wanted to provid...
KN
Kat Neilson-Jones
November 06, 2020

Sharing your uniqueness

Business News
In this All About Whitianga business series blog we're focussing on your uniqueness.
KN
Kat Neilson-Jones
November 06, 2020
Business owners in the Whitianga area are invited to join free online business wor...
CK
Cathy Klouwens
November 06, 2020
The New Zealand Government has stated that most, but not all businesses can start ...
CK
Cathy Klouwens
November 06, 2020
Te Waka's Business Growth team has announced that Whitianga businesses will benefi...
CK
Cathy Klouwens
November 06, 2020
The Government has announced a suite of new measures and plans to provide relief f...
CK
Cathy Klouwens
April 07, 2020
Government have put a $4 million regional support package in place for SMEs in res...

© 2020 All About Whitianga. All rights reserved.