Chris Small: ABC Business Sales managing director on businesses reaching the cut-off point to pay back Covid loans
Heather du Plessis-Allan Drive · Newstalk ZB
May 12, 20253m 29s
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Show Notes
Time is running out for businesses who took out a Covid Small Business Cashflow Scheme.
It's five years today since Inland Revenue introduced the loans.
They were issued to more than 129,000 businesses and totalled $2.4 billion.
The IRD says they're now reaching their cut-off point, and default loans not paid in full will be enforced.
ABC Business Sales managing director unveils how many businesses are still owing - and by how much.
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Topics
businessmoneyeconomyCovidloans