The Small Business Cashflow Loan Scheme (SBCS) provides assistance to firms which are struggling because of loss of actual or predicted revenue as a result of COVID-19, and employ 50 or fewer full-time-equivalent employees.
Eligible businesses and organisations are entitled to a one-off loan. The maximum amount loaned is $10,000 plus $1,800 per full-time-equivalent employee.
SBCS loans are interest-free if they are paid back within a year. After that, the interest rate will be 3% for a maximum term of five years. Repayments are not required for the first two years.
Applications are open until 31 December 2020.