PKF Carr & Stanton, Hastings, New Zealand
$6.25b Government-backed loan scheme
02 Apr 2020
The Government has agreed to spend $6.25b on government-backed bank loans. The Government will cover 80% of the risk on each loan, thus limiting the bank’s exposure to 20%.
Banks have advised that businesses will need to complete normal credit assessment processes which may take approx. 10 working days. Banks are likely to require the following information to support your application:
Please note that most banks are offering a range of financial relief measures and we are happy to help you investigate what may be of most benefit to you and your business.
If you would like some help, please get in touch. We encourage you to reach out early.
For more information on how our services can help your business get in touch.