Many small businesses are still struggling with the fallout from the pandemic. If your business was hit by a revenue decrease due to lockdowns, you can apply to the Small Business Cashflow Scheme for a loan – the terms are excellent, it’s backed by the Government and many businesses will be eligible.
You can apply to the Small Business Cashflow Scheme throughout this year and next year, right up to the 31 December 2023 deadline.
How much can you borrow and what are the terms?
Your small business can borrow $10,000, plus an additional $1800 for each full-time employee.
Sole traders can receive a loan of up to $11,800.
For all the details about repayments, you can read more here.
Is your business eligible?
To be eligible for the loan, your business must:
You can use the loan on any core operating costs, including rent, insurance, utilities, rates and supplier payments.
You can read more details about eligibility here on the Inland Revenue website.
We can apply on your behalf
Get in touch and we can apply for this loan on your behalf, providing evidence to Inland Revenue of your business’s viability and eligibility. This is a great opportunity to get some low-cost funding to support your business’s recovery and growth in 2022 and beyond.