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Update to Small Business Cashflow (loan) Scheme

Updated: Apr 27, 2021



Update on the SBCS (Latest)


The application date has been extended to 31 December 2020.


Update on the SBCS (11 June 2020)


The application date has been extended to 24 July 2020.


Update on the SBCS (14 May 2020)


Here's a how-to guide from IRD to apply for the SBCS:






Updates on the SBCS (11 May 2020)

Here are some important points from the latest information released by the IRD


  1. You will be able to apply from tomorrow 12 May 2020 to 12 June 2020

  2. You will need an NZBN number - see below on how to apply for one

  3. Your business must be viable - see below for more details

  4. You must be eligible for the wage subsidy regardless if you have applied or not.

  5. You have less than 50 full-time equivalent employees

  6. Loan will be paid within 5 working days by IRD and will go to the bank account shown in your myIR. Please ensure this is updated and correct.


Please see the SBCS scheme terms and conditions here. Make sure you are happy with these before applying.


Also refer to our Original post (1 May 2020) for the other relevant details of the SBCS loan.

NZBN Number

If you are a company, you will have an NZBN number already. Please click here Companies Office to get it.

To apply for an NZBN number for other entities, please click here NZBN Website to apply. You will need your IRD number and a proof of identification (NZ Driver Licence or NZ Passport will give you instant verification).


Business Viability


This means it is more likely than not your business will be able to pay its debts as they fall due within the next 18 months and you must keep evidence the ongoing viability at the time of application of the SBCS, as IRD may audit your application.

Evidence might include:

  • A cash-flow forecast for the business or organisation for the short term.

  • A plan for where revenue will come from in future market conditions, and a forecast of those revenues.

  • Financial statements showing the business or organisation has enough resources to sustain itself when including the SBCS loan.

  • Your accountant’s assessment that the business or organisation is viable and ongoing.


We will be able to assist with the evidence required and we will also be able to help you apply for funding to get these done at NO COST to you. Contact us right away to get this in place! Details of the funding can be found here.


Confirmation required


To apply, you will need to do the following:


  • Provide your New Zealand Business Number (NZBN) - businesses and organisations without an NZBN will need to obtain one before applying for the loan.

  • Confirm your business or organisation is experiencing a minimum 30% decline in actual or predicted revenue from Jan 2020 to June 2020 as defined in the wage subsidy scheme.

  • Confirm your business or organisation existed before 1 April 2020.

  • Confirm your business or organisation is viable and ongoing, you have a plan to ensure it remains viable and ongoing, and you are keeping evidence we can use to check this.

  • Confirm you’ll use the loan to pay for core operating costs (including, but not limited to, rent, insurance, utilities, supplier payments, or rates).

  • Confirm the loan will not be passed through to the shareholders or owners of the business or organisation, for example, by a dividend or a loan to the shareholders or owners.

  • Confirm you have the appropriate authority to commit your business or organisation to this loan.

  • Confirm you are 18 years or over and have the legal right to apply for this loan.

  • Confirm you are aware we are not providing financial or other advice regarding this loan.

  • Agree to the loan terms.


If you have any queries, please contact us for assistance.

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