Nearly one billion dollars is still owed as the deadline for Covid-era loans approaches. 

Inland Revenue says many Small Business Cashflow loans will default in June if not paid off.  

About 130,000 businesses were issued the loans, totalling $2.4 billion.  

ABC Business Sales Managing Director Chris Small told Mike Hosking he's not surprised so many owners haven't paid it back yet. 

He says there were no personal guarantees or general security agreements, so it was a free hit for business owners. 

LISTEN ABOVE 

Nearly one billion dollars is still owed as the deadline for Covid-era loans approaches.&nbsp;
Inland Revenue says many Small Business Cashflow loans will default in June if not paid off. &nbsp;
About 130,000 businesses were issued the loans, totalling $2.4 billion. &nbsp;
ABC Business Sales Managing Director Chris Small told Mike Hosking he's not surprised so many owners haven't paid it back yet.&nbsp;
He says there were no personal guarantees or general security agreements, so it was a free hit for business owners.&nbsp;
LISTEN ABOVE&nbsp;

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion,...

The Mike Hosking Breakfast

Chris Small: ABC Business Sales Managing Director on the nearly $1 billion still owed for Covid-era business loans

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/07868f84-d0fb-4af2-b3f1-b2a30143c03e/transcript