Scoop has an Ethical Paywall
Interest-free Loans The Right Support For SMEs
Today’s Small Business Cashflow Scheme announcement will provide much relief for small and medium businesses, says Business Central and the Wellington Chamber of Commerce.
"It’ll give businesses some breathing space as they plan for their recovery," says John Milford, Business Central and Wellington Chamber of Commerce Chief Executive.
"We know from conversations with our members that overheads and cashflow are their immediate concern. Core business expenses like rent, insurance, supplier costs, rates, and other incidentals, they’ve all been building up while businesses haven’t been operating or generating revenue.
"The interest-free year also gives businesses extra relief, and ensures they have the option to pay back the loans as quickly as can and without incurring additional debt.
"We understand Inland Revenue will be taking applications from the 12th of May and we urge Government to ensure there are no delays."
Bill Bennett: Fixed Voice Rules Head For Deregulation
UN Department of Global Communications: United Nations Proposes New Global Dashboard To Measure Progress Beyond GDP
Banking Ombudsman Scheme: Fraud Check Delays Well Worth The Inconvenience, Says Banking Ombudsman
Asia Pacific AML: NZ’s Financial Crime Gap - Beyond The 'Number 8 Wire' Mentality
Westpac New Zealand: Kiwi Households Adapting Despite Widespread Cost Pressure Concerns, Westpac Survey Shows
University of Auckland: Kids’ Screen Use Linked To Long-Term Deficits In Self-Control And Attention
