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13 May 2025 0:13
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      Home > News > Politics

    More than 850 million dollars is still owing in loans through the Covid Small Business Cashflow Scheme - issued in 2020

    More than 850 million dollars is still owing in loans through the Covid Small Business Cashflow Scheme - issued in 2020


    Inland Revenue says businesses are now reaching their cut-off point.

    More than 129-thousand businesses were lent a total two-point-four-billion-dollars.

    As of the end of April, 64 thousand had repaid in full.

    Inland Revenue says any amounts not paid by next month will be in default.

    © 2025 Newstalk ZB, NZCity

     Other Politics News
     12 May: Liberal Giselse Kapterian wins Sydney seat of Bradfield in tight contest against independent Nicolette Boele
     12 May: A prisoner voting ban shows again how few checks there are on parliamentary power
     12 May: Auckland's Mayor is calling for more leadership - and labelling the city's innovation and tech sector, 'random'
     12 May: Auckland's Mayor says central Government is holding the city back
     12 May: Indian government to include caste questions in census for first time since independence
     12 May: Organised crime, cash jobs, and underreported income are making up New Zealand's black market
     12 May: Erica Stanford's confident there's a way to restrict social media use for young people
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    A bold tyre strategy has paid off for Supercars driver Matt Payne after winning race three of the Tasmania Super 440 by the third-closest margin the sport's history More...

    BUSINESS BUSINESS
    More than 850 million dollars is still owing in loans through the Covid Small Business Cashflow Scheme - issued in 2020 More...


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