Story perspectives

Cashflow Loan Scheme Ends: 19,297 Defaults Face Repayment

12/4/2025

Summary

Story summary

The cashflow loan scheme, launched in May 2020, provided NZ$2.37 billion to small businesses.
The scheme was extended several times and closed in December 2023.
Revenue Minister Simon Watts said the Inland Revenue Department (IRD) is enforcing repayments, charging 13.88% interest on defaulted loans, and warning of legal action.
Defaults rose to 19,297 loans, with 124 related to insolvency.
The IRD is launching campaigns to inform borrowers about loan expirations.

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Story summary

The cashflow loan scheme, launched in May 2020, provided NZ$2.37 billion to small businesses.
The scheme was extended several times and closed in December 2023.
Revenue Minister Simon Watts said the Inland Revenue Department (IRD) is enforcing repayments, charging 13.88% interest on defaulted loans, and warning of legal action.
Defaults rose to 19,297 loans, with 124 related to insolvency.
The IRD is launching campaigns to inform borrowers about loan expirations.