The Small Business Loan Cashflow Scheme is being extended until the end of the year

The Government has received 90,000 applications so far, and paid out over $1.5 billion in loans.

Minster for small business Stuart Nash says a lot of businesses will benefit.

Mr Nash says in the first year you pay no interest.

After that you pay three per cent from the date you draw it down, and you don't have to start paying it back for two years and you have five years in total to pay it back.