Welcome relief for employers doing it tough -- in Labour's new economic recovery plan
Welcome relief for employers doing it tough -- in Labour's new economic recovery plan
6 July 2020
The Small Business Loan Cashflow Scheme is being extended until the end of the year.
The Government has received 90 thousand applications so far, and paid out over 1.5 billion dollars in loans.
EMA's head of advocacy Alan McDonald says with the wage subsidy coming to an end soon -- employers will be able to take advantage of both schemes.
He says it will help businesses who are looking at making hard decisions -- because they are seeing no signs of revenue or demand.
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