Reply To: We’ve got more than 50 staff, but less than 50 are full-time. Are we eligible for the loan?


I expect this is a case of poor wording in one part of the Govt’s press release. The criteria refers to 50 or fewer full-time equivalent employees (‘FTEs’) but the entitlement details refer to an equivalent full-time employee. On the basis this also means FTE then, for example, 5 people working at 80% of full-time hours are each an 0.8 FTE. Combined, they equate to 4 FTEs for the purpose of calculating the amount of the loan entitlement.