Government launches direct loans to SMEs
Eligibility criteria will be the same as the wage subsidy scheme.
Brent Edwards
Fri, 01 May 2020
Struggling small businesses are now being offered interest-free loans for a year as the government takes further steps to cushion the impact of Covid-19 on the economy.
If they pay it back within a year, they pay no interest. Otherwise the interest rate would be 3% for a maximum five-year term
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Brent Edwards
Fri, 01 May 2020
Contact the Writer: brent@nbr.co.nz
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Government launches direct loans to SMEs
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