Changes to the government’s small business cashflow (loan) scheme makes it easier for small businesses to access finance. The changes include:· Applications open 3 more years, closing 31 December 2023.· No interest charged if loan repaid within 2 years (up from 1 year).· Fewer restrictions on what the money can be spent on.
Already have one of these loans? Your loan will automatically be covered by the new terms and conditions.
Small businesses, including sole traders and contractors, can apply for these low-interest loans through Inland Revenue.
For more information about the Scheme go to IRD. If you would like a free business health check, assistance with your application to this Small Business Cash Flow Scheme or other government or alternative funding, contact one of us.