ZB ZB
Opinion
Live now
Start time
Playing for
End time
Listen live
Listen to NAME OF STATION
Up next
Listen live on
ZB

IRD set to bring hammer down on businesses who haven't paid back Covid loans

Author
Newstalk ZB,
Publish Date
Mon, 12 May 2025, 8:18pm
Photo / NZME
Photo / NZME

IRD set to bring hammer down on businesses who haven't paid back Covid loans

Author
Newstalk ZB,
Publish Date
Mon, 12 May 2025, 8:18pm

Time is running out for businesses who took out a Covid Small Business Cashflow Scheme.

It's five years today since Inland Revenue introduced the loans.

They were issued to more than 129,000 businesses and totalled $2.4 billion.

The IRD says they're now reaching their cut-off point, and default loans not paid in full will be enforced.

ABC Business Sales managing director unveils how many businesses are still owing - and by how much.

LISTEN ABOVE

Take your Radio, Podcasts and Music with you