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The future of cheques

The Future of Cheques

As you may be aware, banks across Aotearoa will stop accepting cheques from mid-2021. The Charities Services will no longer be able to accept cheques for annual return payments from June 2021. You will still be able to pay your annual return fee by bank transfer. Instructions on how to pay by bank transfer are on Charities Services website. We understand this change may take some time for your charity to work through. Charities Services will support you through these changes. We also encourage you to speak to your bank about
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Small Business Cashflow Loan update

Small Business Cashflow Loan update

The Government recently announced the following changes will be made to the Small Business Cashflow (Loan) Scheme:

  • Currently no interest is charged if the loan is repaid within one year. This will be increased to two years.
  • Currently the loan can only be used for core operating costs. This will be broadened so that the loan can be used, for example, on capital expenditure.

In addition, applications for the loan can now be made until 31 December 2023, an extension of three years.

These changes will be

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Business Finance Guarantee Scheme

Business Finance Guarantee Scheme

More small and medium-sized businesses may be eligible for the Business Finance Guarantee Scheme, with a simplified and expanded scheme now in place. Participating banks can provide new loans, increased limits to existing loans or a revolving credit facility to eligible businesses. The scheme supports banks to take on lending by government taking on the default risk of up to 80% of the loan. Changes to the scheme mean the loans can be used for capital purchases and projects in response to or recovery from COVID-19. This
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