How to apply for a small business loan with the IRD

Date: 15th May 2020

The Small business cashflow loan scheme (SBCS) has been introduced to support organisations and small to medium businesses affected by COVID-19. This adds to a number of changes the government has made to assist small to medium businesses through this time

If your business has less than 50 full-time equivalent staff, you may be eligible to receive a one-off loan. The maximum amount loaned is $10,000 plus $1,800 per full-time-equivalent employee. The annual interest rate will be 3% beginning from the date of the loan being provided. Interest will not be charged if the loan is fully paid back within one year.

If you require advice on whether the SBCS loan is right for you, please speak to the friendly Findlay Sidekick team.  Call us on 03-443-4417

To apply, you will need to have a New Zealand Business Number (NZBN) and a myIR account.  You can check if you have a NZBN, or apply for one on the New Zealand Business Number website. If you don’t have a myIR account –  register for one today at

Click here for a guide on how to apply. This will help you get familiar with the process before you apply.

Note:  applications are only available in myIR and are open from 12 May  and extended to 24 July 2020.

Posted in: Covid-19, Latest News