Hope-ful signs – banking on relief for small businesses

small-businessA raft of relief options for businesses from banks has given small businesses ‘hope’, BusinessNZ contends.

“Businesses should keep in close communication with their bank, to gain the benefit of relief options and ensure they have the best foundation for post-Covid business,” the organisation’s chief executive, Kirk Hope, says.

All options from loan repayment deferrals, temporary interest-only repayments and extensions to the term of loans, to loan consolidation, and deferral of mortgage payments should be explored by small businesses in particular, he advises.

More information about available options is accessible via businessnz.org.nz.