Business and sector updates
Changes to Small Business Cashflow (Loan) Scheme
12th November 2020
The Government has announced some changes to the Small Business Cashflow (Loan) Scheme.
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No interest will be charged if the loan is repaid within 2 years. Currently, it is 1 year.
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Restrictions on how the loan can be used have eased. As well spending on core operating costs, businesses will be able to choose to use the loan to invest in their business, helping it to adapt to the impact of COVID-19.
Also, applications for the loan can now be made until 31 December 2023, an extension of 3 years. Read More
Cash and other support: COVID-19 summary for small businesses
Wage subsidies. Low-interest loans. Tax refunds. Payments for people who are suddenly unemployed. Support dealing with creditors or with commercial landlords or business tenants.
Find which you can get with this handy round-up of government support for businesses, including sole traders and self-employed people. Read more.
Next Step
A free job-matching website for the Waikato region to support business owners and employees through COVID-19. The aptly named “Waikato Nxtstep” website is where Waikato businesses can list their vacancies and job seekers can list themselves.
View the website here.
Landlords and Tenancy
We have heard a lot of discussion from both landlords and tenants around rental payments and expectations at this time, when non-essential businesses are unable to operate. This is an area that will depend on both lease agreements and on landlord/tenant discussions and negotiation.
We strongly recommend that tenants talk to their landlords early in this regards, however the two articles below provide some more detail:
E-Commerce and Website
Rocketspark held a webinar for retail and hospitality providers to look at your businesses website and e-commerce capabilities.
This week there will be a further webinar on setting up online ordering for pick up and deliveries. Last weeks webinar and sign up for this weeks webinar can be found here
Delivery - Electrify NZ
If you are looking at an alternative delivery option, Dan at electrify NZ now has e-cargo bikes available. Call him direct on 021 385 554 or visit the Hamilton store online.
Making your Workplace Safe
NZ Sign Company have a range of new social distancing products that have been launched to help businesses begin trading safely. These are all cost effective products that are supplied directly to you and can be customised and branded to suit your business. Please see brochure here for more information.