Business Resources and Information
At the bottom of this page is a list of resources to assist businesses to understand what assistance is available to them as a result of COVID-19.
Council Support for Businesses in the Ruapehu
The webinars will take place every Tuesday and Thursday and will cover a range of topics, from business continuity planning, communications and cashflow management to resilience and leadership training.
The webinars will be 30 minutes long and will include a Q&A with the presenter.
For further information and to go to the webinars see the CEDA website.
Contact Your Bank
The New Zealand Bankers' Association is encouraging businesses and individuals financially affected by COVID-19 to talk to their bank. Depending on your circumstances, there are a number of ways in which banks can help. Potential measures may include:
- Reducing or suspending principal payments on loans and temporarily moving to interest-only repayments.
- Helping with restructuring business loans.
- Consolidating loans to help make repayments more manageable.
- Providing access to short-term funding.
- Referring individual customers to budgeting services.
Mortgage Holiday Scheme and Business Finance Guarantee Scheme
Finance Minister Grant Robertson announced on 24 March that a mortgage holiday scheme would be offered by retail banks. There will be a "six-month mortgage repayment holiday to homeowners whose incomes have been affected by COVID-19". The exact criteria will be announced by the banks in the coming days.
The Government and the banks will also implement a $6.25 billion Business Finance Guarantee Scheme for small and medium-sized businesses, to protect jobs and support the economy through this unprecedented time.
The package is proposed to include a six-month principal and interest payment holiday for mortgage holders and SME customers whose incomes have been affected by COVID-19.
The scheme will include a limit of $500,000 per loan and will apply to firms with a turnover of between $250,000 and $80 million per annum. The loans will be for a maximum of three years and expected to be provided by the banks at competitive, transparent rates.