COVID-19 Small Business Cashflow Scheme (SBCS)


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The Inland Revenue Small Business Cashflow Scheme (SBCS) was introduced to support small to medium businesses and organisations struggling with a loss of actual revenue due to COVID-19. SBCS has now been open for 2 years which means that, for some clients, the 24-month interest free period is now up. One month prior to your due date, IRD will release a payment schedule with dates and amounts when regular payments are required to be made.

Loans will be subject to an annual interest rate of 3% from the first day of the third year of the loan. If you repay your loan in full within the first 2 years, you will not be charged any interest. If you default on your loan, it may become immediately due and payable and default interest may be added.

If you haven’t received your repayment schedule, or you don’t know when your repayment date is please contact your client manager for more information.