Small Business Cashflow Loan Scheme

The Government has announced it will provide interest-free loans for a year to small and medium businesses impacted by the COVID-19 economic shock to support their immediate cashflow needs.

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 from 12 May to 12 June 2020 and the scheme is being managed by Inland Revenue.

Additional resources

Below you can find information and contact details for other New Zealand government and international agencies regarding their response to COVID-19.

New Zealand Government agencies

Covid19.govt.nz
COVID-19 helpline for businesses
Business.govt.nz
New Zealand Customs
Ministry for Primary Industries (MPI)
New Zealand Export Credit (NZEC)
MFAT Export Helpline
Callaghan Innovation
Immigration
MFAT Safetravel
Ministry of Health
WorkSafe New Zealand

Global agencies

Centers for Disease Control and Prevention (CDC)
World Health Organization (WHO)

Contact NZTE

We're available to talk to you about any issues your export business is facing due to COVID-19.

For existing NZTE customers, please contact your New Zealand-based Customer Manager.

If you're unsure who to contact or haven't worked with us before, you can call NZTE on 0800 555 888 or email below and one of our Customer Advisors will help you.