In response to the havoc they have wreaked on the economy by their "lockdown" they have announced a loan package for small and medium businesses (those that employ less than 50 people)
$100,000 loan, interest free for 1 year and then 3% for a maximum of 5 years. Must be repaid, it is not a gift.
Totally unsecured.
The real plus on this is they have cheated the vultures that prey on the NZ economy. The Australian owned banks have looted their NZ customers for many years, just the same as they did to their Australian base.
The loan requires no security ie no personal guarantee or security by way of mortgage on their house.
Should be a great tool that will assist owners to try and keeo staff on in this period of no business takings.