Business Finance Guarantee Scheme (BFGS)
Most banks participating in the BFGS have now opened applications online.
The $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
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