Changes to the Small Business Cashflow Loan Scheme

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Changes to the Small Business Cashflow Loans Scheme increase the amount of funding available to eligible businesses through the introduction of a “top-up” loan. Speak to us about whether the SBCS loan is right for your business.

The Government launched the Small Business Cashflow Loan Scheme (SBCS) 2020 to assist small-to-medium businesses affected by COVID-19.

After the initial launch of the scheme, the Government extended the application period, expanded eligibility for the scheme, and announced further changes around the interest application and easing of restrictions on how the loan can be used.

Businesses employing up to 50 full-time staff may apply to the Inland Revenue Department for loans of $10,000 plus $1,800 per employee. The loans:

  • accrue interest at the rate of 3% for a maximum term of five years

  • will not be liable for interest if repaid within two years

  • require no repayments for two years, although voluntary payments can be made at any time.

A new top-up loan will allow firms that have already accessed a loan to draw down an additional $10,000 with a new repayment period of five years, the first two years being interest-free.


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