Applications for small business to apply to the government loan scheme has been extented until July 24.
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.
To find out more information and to check your eligibility visit www.business.govt.nz