Government will provide loans to small businesses, including sole traders and the self-employed, impacted by COVID-19 to support their cash flow needs.
If you've previously applied for a SBCS and have fully repaid it, you can apply again.
Applications are open until 31 December 2023. You can apply through myIR.
The small business cash flow loan scheme will provide assistance of up to a maximum of $100,000 to businesses employing 50 or fewer full-time employees. This includes sole traders and self-employed businesses.
Details of the loans include:
Use the small business cash flow loan scheme eligibility tool and find out how to apply.
If your businesses doesn’t have a myIR account, you will need to create one to apply.
Most applicants will receive their loan payment in full from Inland Revenue within five working days. You don’t have to accept the full loan amount you’re offered, and can decide to take a smaller loan.