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13 Aug 2020 11:52
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  •   Home > News > Business

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

    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.

    © 2020 Newstalk ZB, NZCity


     Other Business News
     13 Aug: Long queues in Auckland for covid testing are creating flow-on effects for local businesses
     13 Aug: The Reserve Bank's increased its ability to effectively print money but won't be able to go any higher
     13 Aug: There's uncertainty in the stock market following the move to Covid-19 alert level three in Auckland and level two elsewhere
     12 Aug: Reserve Bank Governor Adrian Orr's revealed the events of the last 24 hours did not sway the decision to expand the Quantitative Easing programme
     12 Aug: Countdown has changed its hours - under pressure from the new Covid outbreak
     12 Aug: The Finance Minister and Treasury are working on targeted economic support for the Auckland region - in case it stays at Level Three longer than three days
     12 Aug: The Reserve Bank says it's considering additional options for monetary stimulus
     Top Stories

    RUGBY RUGBY
    Former Wallabies captain Nick Farr-Jones wants rugby administrators on both sides of the Tasman to focus on compromise for the greater good More...


    BUSINESS BUSINESS
    Long queues in Auckland for covid testing are creating flow-on effects for local businesses More...



     Today's News

    Rugby:
    Former Wallabies captain Nick Farr-Jones wants rugby administrators on both sides of the Tasman to focus on compromise for the greater good 11:47

    Rugby:
    Former Wallabies captain Nick Farr-Jones wants rugby administrators on both sides of the Tasman to focus on compromise for the greater good 11:47

    Entertainment:
    Gigi Hadid can’t wait to ride her horse again once she’s given birth 11:31

    Auckland:
    What people in New Zealand city of Auckland think about being back in coronavirus lockdown 11:17

    Politics:
    Lebanon's port explosion sparked protests and unrest. Here's what might happen next 11:17

    International:
    Locust and coronavirus crises are threatening to drive large-scale famine in Africa 11:17

    Rugby League:
    The Broncos may have been caught telling fibs to authorities in relation to a potential breach of the NRL's biosecurity protocols 11:07

    Health & Safety:
    A big chunk of the Central South Island will soon have access to a higher level of healthcare 11:07

    Entertainment:
    Kanye West has published his presidential platform 11:01

    International:
    Russia's decision to skip crucial trials of Sputnik V coronavirus vaccine labelled 'reckless' by Australian experts 10:47


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