COVID-19: Small business cash flow loan scheme eligibility tool

Use this tool to better understand your eligibility and how to apply for the Small business cash flow loan scheme.

The Small business cash flow loan scheme (SBCS) has been introduced to support organisations and small to medium businesses affected by COVID-19. This adds to a number of changes the government has made to assist small to medium businesses through this time. You can find out more about the scheme on Inland Revenue’s website (external link) .

If your business has less than 50 full-time equivalent staff, you may be eligible to receive a one-off loan. The maximum amount loaned is $10,000 plus $1,800 per full-time-equivalent employee. The annual interest rate will be 3% beginning from the date of the loan being provided. Interest will not be charged if the loan is fully paid back within one year.

Small business cash flow loan scheme (SBCS) (external link) — Inland Revenue

If you are unsure of whether you are eligible, this tool gives you a chance to think about what you should do next. It’s recommended that you also talk to those who can support you and your business, such as your tax agent, bank, accountant or advisor.

Step One. Did you receive a wage subsidy payment for yourself or your staff?

The Wage subsidy scheme aims to help small, NZ-based businesses who have been impacted by COVID-19.

Wage subsidy (external link)  — Work and Income

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