The Business Advisory Blog

The Business Advisory Blog

Insight, news and updates from Alliott NZ Chartered Accountants, Auckland New Zealand. The views expressed here are the views of the author and should be discussed in further detail should an article be relevant to your individual circumstances.

While every effort has been made to provide valuable, useful information in this publication, this firm and any related suppliers or associated companies accept no responsibility or any form of liability from reliance upon or use of its contents. Any suggestions should be considered carefully within your own particular circumstances, as they are intended as general information only.

Vanessa Williams
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Business Finance Guarantee Scheme (BFGS)

Most banks participating in the BFGS have now opened applications online. 

bankThe $1 billion scheme is available to all eligible New Zealand-based businesses with an annual turnover of $250,000 to $80 million that have been impacted by COVID-19.

Each eligible business can apply for a loan of up to $500,000. Loans terms are up to 3 years and must be drawn before 30 September 2020.  

Please note that there are some exclusions. The scheme funds are limited so we suggest if you are planning to apply to do so early.

NZ in lockdown

As we are communicating with all our clients remotely, please ensure that you white label our email address to make sure that all our emails get to your inbox and not your junk folder.

Please reach out to our team via emailwebsite, Zoom video or phone us on +64 9 520 9200. Many of you already deal with us exclusively via these methods and will experience no service change. We are very experienced in working remotely and welcome any enquiries you may have.

Topics: business coronavirus COVID-19 finance loans New Zealand