Scoop has an Ethical Paywall
Work smarter with a Pro licence Learn More

Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Interest-free Loans For A Year Helpful Support

Interest-free loans for a year are a helpful support for small businesses, says BusinessNZ.

The Government’s Small Business Cashflow Scheme announced today will ensure loans of $10,000 and payments of $1,800 per full-time employee that will be interest-free if paid back within a year.

The loans are for operating costs including rent, insurance, utilities, supplier payments and rates.

BusinessNZ says many businesses are facing dire cashflow shortages, threatening their ability to meet ongoing operating costs.

"We have been advocating for interest-free support for smaller businesses whose future is threatened by the pandemic and business lockdown," BusinessNZ Chief Executive Kirk Hope said.

"This is useful, relevant support to help SMEs through this crisis," Mr Hope said.

Advertisement - scroll to continue reading

Are you getting our free newsletter?

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.

© Scoop Media

Advertisement - scroll to continue reading
 
 
 
Business Headlines | Sci-Tech Headlines

 
GenPro: General Practices Begin Issuing Clause 14 Notices

GenPro has been copied into a rising number of Clause 14 notices issued since the NZNO lodged its Primary Practice Pay Equity Claim against General Practice employers in December 2023.More

SPADA: Screen Industry Unites For Streaming Platform Regulation & Intellectual Property Protections

In an unprecedented international collaboration, representatives of screen producing organisations from around the world have released a joint statement.More

 
 
 
 
 
 
 
 
 
 
 
 

Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.