Small business loan scheme extended to Dec 2023
Changes to the government’s small business cashflow (loan) scheme make it easier for small businesses to access finance. The changes include:
· Applications open 3 more years, now closing 31 December 2023.
· No interest charged if loan repaid within 2 years (up from 1 year).
· Fewer restrictions on what the money can be spent on.
Already have one of these loans? Your loan will automatically be covered by the new terms and conditions.
Small businesses, including sole traders and contractors, can apply for these low-interest loans through Inland Revenue.
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