Criteria
- Have operated a business since 1 July 2017
- Have suffered a loss of income as a result of Covid-19
- Be a sole trader, partnership, trust, private or public company
Further Details
- Loan Terms 10 years
- Repayment and Interest Free for the first year
- Interest will apply only from the second year at 2.5%
- Payments will be interest only for years 2 & 3
- Loans up to $100,000 will not require security
- Loans over $100,000 and up to $250,000 will be secured by a General Security Agreement