Hi, Great comments from Ross.
There are a number of non-bank business lenders in New Zealand that may be able to help as an alternative but it’s important to note that their interest rates are also likely to be higher.
Take a look at the IRD small business cashflow loan in the first instance https://www.ird.govt.nz/covid-19/business-and-organisations/small-business-cash-flow-loan
Echoing Ross do speak to your suppliers to see if you can negotiate longer terms with them- it’s about preserving cash at the moment so that you’re able to ride the wave of this until you’re able to be back up and running again.
I was on the Executive for a non-bank lender and am experienced in the collections processes around unpaid loans. If you want to chat some more about this please get in touch- I’m on LinkedIn and on here.
Best of luck and hope you come through this.