Helping You Achieve the Freedoms of Time, Money and Peace of Mind
Is your business eligible for more Government funding?
October 1st, 2020
Camelia Petrus, Head of Business Development
Chris Lynch, Managing Director
The Small Business Cashflow Loan Scheme
Businesses who employ fewer than 50 staff could be eligible for loans of $10,000 plus $1,800 per full-time staff member, thanks to the Government’s Small Business Cashflow Loan Scheme running until 31 December. To apply, there is a list of things you’ll need, including your NZBN and proof that due to Covid-19 your business suffered a 30% drop in actual or predicted revenue between January and June this year. Find out more here.
The Provincial Growth Fund
Businesses operating outside of Auckland, Wellington and Christchurch could get a piece of a $3 billion pie, as part of the Provincial Growth Fund. This fund aims to help grow economic development in the regions over the next three years. Click here to find out if you’re eligible.
The Business Finance Guarantee Scheme
The Business Finance Guarantee Scheme supports operating cashflow disrupted due to Covid-19. Participating banks can provide new loans, increased limits to existing loans or a revolving credit facility to eligible businesses. The scheme supports banks to take on lending by the government taking on the default risk of up to 80% of the loan. Find out more on the MBIE website.
Regional Business Partners Network
Supports training courses, workshops or 1:1 sessions to improve the management capability of owners of small to medium-sized businesses. owners. These services are funded up to 50% by vouchers issued to businesses, who which then work with registered service providers. There is a cap of $5000 per year per business. Link to the RBPN website.
We are registered partners with the RBPN – click here to see the services for which you can get funding.
Help #1: For our clients: Business Health Checkpoint
You’ll meet with a senior team member for an up to 90 minute session, reviewing your organisation's current situation
looking at it from all angles. Read more.
Help #2: For non-clients: Proactive Accounting Meeting
If you’re keen to improve your financial results but don’t feel you’re currently receiving the support you need,
meet with us to explore how we can best help you. Read more.
Yes, we will contribute with our time and expertise
to help you gain clarity
regarding your business needs and priorities
Chris Lynch, CA
Managing Director, Lynch & Associates Limited