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IRD calls for $2 billion of Covid business loans to be paid back

More than 10,000 businesses have defaulted on $177 million worth of loans given out as part of the previous government's Covid support package. Two years on from the pandemic, IRD's now calling for 129,000 customers to start paying back $2.3 billion worth of Small Business Cashflow loans. Those who don't or cant pay-up are put on payment plans. IRD says more than 70 percent of customers have to pay up to $500 a month; with around 4 percent required to pay $1,000 dollars a month. Head of Advocacy for the Employers and Manufacturers Association Alan McDonald speaks to Lisa Owen. [embed] https://players.brightcove.net/6093072280001/default default/index.html?videoId=6342500672112
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Alan Mcdonald , Manufacturers Association , Small Business Cashflow , Radio New Zealand , Ublic Radio , Urrent Affairs ,

IRD calls for $2 billion in Covid business loans to be repaid

More than 10,000 businesses have defaulted on $177 million worth of loans given out as part of the previous government's Covid-19 support package. . ....

Alan Mcdonald , Manufacturers Association , Small Business Cashflow ,