Ardern broadens, extends small business loans scheme

Thu, 05 Nov 2020

The government will extend and expand the interest-free loan scheme for small businesses, using its covid-19 response to deal with an issue that existed before the pandemic, Prime Minister Jacinda announced today.In her first major speech since winning the Oct. 17 election, Ardern said changes to the small business cashflow loan scheme would be in place by Christmas.The main changes will be to extend the scheme, which effectively uses the Inland Revenue Department as a lender to businesses, for three years and to make all lending interest-free...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime.

We are serious about journalism.

Already a Subscriber ? Sign in here.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Markets Market Close

NZ sharemarket finishes flat, down 0.1%

The S&P/NZX 50 Index closed at 13,480.43, down 19.42 points or 0.14%.

Graham Skellern 6:05pm

Policy

Govt proposes major council overhaul

Regional councillors to be deposed, mayors empowered, and amalgamation put on the table.

Thomas Manch 5:00pm

Infrastructure

Govt drops Cook Strait rescue vessel plan

A detailed business case raised costs from $80m to $259m in just four months.

Thomas Manch 1:33pm

Govt drops Cook Strait rescue vessel plan

Sponsored

Spark Accelerate: Are you ready for exponential AI growth?

Spark

Sponsored

Cybersecurity skills gap leaving Kiwi businesses at risk - report

A cybersecurity skills shortage is creating additional cyber risks, according to a new global report.

Fortinet

More Economy

Economy

Co-operative Bank remediates thousands of customers

Co-operative Bank has remediated a total of $7.2 million across almost 50,000 customers for charging higher fees than it should have and may yet have to pay a court-imposed fine.The Commerce Commission said the charging of higher fees breaches the Credit Contracts and Consumer Fi...

Andy Macdonald 12:15pm