Financial help for small Māori-owned businesses extended

The $10million Māori Trustee Top-Up Small Business Cashflow Loan Scheme, which has paid almost $1million to Māori-owned small and medium-sized enterprises, has been extended until 31 December 2020.

Māori SMEs can apply if they have already received Inland Revenue’s Government Small Business Cashflow Loan. If they can prove Māori ownership and meet other criteria, they can apply for a further 50 percent of that loan amount from the Māori Trustee.

No repayments were required for the first two years, but the loan had to be repaid in full within five years.

If you need assistance with your application or would like to take advantage of other financial help you are eligible for, contact us today so we can guide you in considering your options.