More changes to the Small Business Cashflow Loan Scheme are expected before the end of the year
More changes to the Small Business Cashflow Loan Scheme are expected before the end of the year
10 November 2020
Finance Minister Grant Robertson says the scheme may be altered so businesses would be able to re-borrow if they've paid their loan back.
Cabinet is also extending the purpose of the scheme, allowing businesses to borrow money for new equipment and digital infrastructure.
Business New Zealand CEO Kirk Hope says if businesses are to grow, they need to be able to invest, and they need capital to do that.
He says expanding the scope of the scheme, to allow businesses to invest, is a positive thing.
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