Skip to main content

COVID-19 - Level 1 If you've been affected by COVID-19, we may be able to help. Find out more

Latest developments

The Small Business Cashflow (loan) Scheme has been extended until the end of 2023. Applications opened on 12 May 2020 and can now be submitted up to and including 31 December 2023.

Organisations and small to medium businesses, including sole traders and the self-employed, may be eligible for a one-off loan with a term of 5 years if they have been adversely affected by COVID-19.

If you have an SBCS loan, we'll notify you or your tax agent in myIR or by letter ahead of key events, such as:

  • interest accruing if the loan is not repaid in full within 2 years
  • the start date for regular loan instalment payments.

Immediate support to small businesses and organisations

The Small Business Cashflow (Loan) Scheme (SBCS) has been introduced to support businesses and organisations struggling because of loss of actual or predicted revenue as a result of COVID-19. They must have 50 or fewer full-time-equivalent employees.

Inland Revenue will administer the payments and repayments of this scheme. Applications are open until 31 December 2023.

Eligible businesses and organisations are entitled to a one-off loan. The maximum amount loaned is $10,000 plus $1,800 per full-time-equivalent employee.

The annual interest rate will be 3% beginning from the date of the loan being provided. Interest will not be charged if the loan is fully paid back within 2 years.

You can read the terms and conditions below.