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.

Auckland remains at Alert Level 2 and the rest of New Zealand is at Alert Level 1. Restrictions are in place for businesses to keep workers and customers safe.

Auckland remains at Alert Level 2 and the rest of New Zealand is at Alert Level 1. Restrictions are in place for businesses to keep workers and customers safe.

All businesses can operate, provided they can meet the rules to operate safely. Businesses are required to display the official QR codes for the NZ COVID Tracer app at all alert levels.

For more information, check out the business.govt.nz page for Workplace operations at COVID-19 Alert Levels.

The Small business cash flow loan scheme (SBCS) supports organisations and small to medium businesses affected by COVID-19 and has been extended until 31 December 2020.

If your business has 50 or fewer 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. Are you registered and operating in New Zealand?

You qualify as registered if you have an IRD number (external link) , an NZBN (external link) , are registered as a company with the Companies Office (external link) , OR are GST registered. This includes small and medium businesses, NGOs, solo operators and self-employed (including contractors).

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