Extend loan scheme to smaller businesses - NZ Initiative

Fri, 03 Apr 2020

The government's $6.25 billion business finance guarantee scheme should be widened to include small businesses with revenue of $100,000 or more, said the New Zealand Initiative. Currently, the scheme is open to businesses with turnover between $250,000 and $80 million as part of the government's efforts to cushion the economy from the coronavirus crisis and national lockdown. "The bottom end isn't big enough, it excludes a lot of sole traders and that's a big part of New Zealand business," NZ Initiative chair Roger Partridge told Business...

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