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LETS GET DOWN TO BUSINESS.

Question :
Hi – We’re a small film production and advertising company based out of Auckland. Of course, due to COVID 19, our business has greatly been affected and we’ve been struggling to generate income and continue operations as smoothly as before. Is there any assistance that is available to keep us afloat that you could recommend? 

Question submitted 06/11/20 @ 01:08pm
Industry: Creative Services
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    Kia ora

    To assist you stay afloat you may want to look at the small business cash flow loan scheme. This could provide a short term loan to your company of $10,000 plus an additional $1,800 for each full-time employee. The loan is interest free if paid back within a year, otherwise interest is charged at 3% for a maximum term of five years. No repayments required in the first two years. Applications are open until 31 December 2020.

    Check here to see if your company is eligible https://www.business.govt.nz/covid-19/small-business-cash-flow-loan-scheme-eligibility-tool/

    Applications are made to IRD through your company’s myIR account, and you’ll need to create an account if you don’t have one already https://myir.ird.govt.nz/eservices/home/_/

    Once registered go to the ‘I want to’ section, and select ‘Apply for the small business loan’.

    If you are eligible, you can expect to receive the loan payment in full from Inland Revenue within five working days.

    All the best.

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