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Source: New Zealand Treasury:

More businesses will be able to apply to access bank finance to support them through the COVID-19 response, as a result of updates to the Business Finance Guarantee scheme announced today.

As part of his announcement on increased cashflow support for small businesses, the Minister of Finance said, “The Government is also making changes today to the criteria for the previously announced Business Finance Guarantee Scheme, including removing the requirement for a General Security Agreement.”

For more details of the updates made to the Scheme, please read our media advisory via the link below.

Last updated: 

Friday, 1 May 2020