Time is running out for businesses who took out a Covid Small Business Cashflow Scheme.

It's five years today since Inland Revenue introduced the loans.

They were issued to more than 129,000 businesses and totalled $2.4 billion.

The IRD says they're now reaching their cut-off point, and default loans not paid in full will be enforced.

ABC Business Sales managing director unveils how many businesses are still owing - and by how much.

LISTEN ABOVE

Time is running out for businesses who took out a Covid Small Business Cashflow Scheme.
It's five years today since Inland Revenue introduced the loans.
They were issued to more than 129,000 businesses and totalled $2.4 billion.
The IRD says they're now reaching their cut-off point, and default loans not paid in full will be enforced.
ABC Business Sales managing director unveils how many businesses are still owing - and by how much.
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Chris Small: ABC Business Sales managing director on businesses reaching the cut-off point to pay back Covid loans

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/debcb253-8349-4a22-b239-b2db0088dcdb/transcript