Home > Updates > Small business cashflow loan scheme extended to December 2023
The Small Business Cashflow Loan Scheme (SBCS) supporting small to medium businesses affected by COVID-19, has been extended.
Several changes have also been made so that it is easier for businesses to access finance. They include:
If you already have an SBCS loan, you will automatically be covered by the new terms and conditions. The IRD will update existing loan contracts to include the changes by 31 December 2020, and will notify you when this has been completed.
Small businesses, including sole traders and contractors, can apply for the SBCS loan through the Inland Revenue.
At this stage, all other aspects of the SBCS loan scheme remain in place:
If you are unsure of whether you are eligible for SBCS, or would like to find out about other COVID-19 financial support schemes available to businesses, please contact our team at Nexia.