Date: 10th June 2020
On 5th June, the Government announced a change in criteria from a 50% revenue drop to a 40% revenue drop
This means you must have had a revenue loss of at least 40% for a continuous 30 day period. This period needs to be in the 40 days before you apply (but no earlier than 10 May 2020) and must be compared to the closest period last year.
Note: applications are only available in myIR and are open until 24 July 2020.
The Small Business Cashflow (loan) Scheme has been extended for a further six weeks. Applications opened on 12 May 2020 and can now be submitted up to and including 24 July 2020. Organisations and small to medium businesses, including sole traders and the self-employed, may be eligible for a one-off loan with a term of 5 years if they have been adversely affected by COVID-19.
Click here for a link to a guide on how to apply, this will help you get familiar with the process before you apply.