{"id":13677,"date":"2020-03-30T13:48:05","date_gmt":"2020-03-30T00:48:05","guid":{"rendered":"https:\/\/nzsda.org.nz\/?p=13677"},"modified":"2020-03-30T13:48:05","modified_gmt":"2020-03-30T00:48:05","slug":"mortgage-holiday-and-business-finance-support-schemes","status":"publish","type":"post","link":"https:\/\/nzsda.org.nz\/index.php\/2020\/03\/30\/mortgage-holiday-and-business-finance-support-schemes\/","title":{"rendered":"COVID 19:  Mortgage Holiday and Business Finance Support Schemes"},"content":{"rendered":"<p>Last week Hon Grant Robertson announced that all NZ banks will be offering Mortgage holiday and business finance Support schemes to cushion COVID impacts.<\/p>\n<p>Most banks will be offering a six-month principal and interest payment holiday for people whose incomes have been affected by COVID-19 so they will not lose their homes as a result of the economic disruption caused by this virus.<\/p>\n<p>Furthermore, for small to medium business owners The Business Finance Guarantee Scheme will provide short-term credit to cushion the financial distress on solvent small and medium-sized firms affected by the COVID-19 crisis.\u00a0 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.\u00a0 The Government will carry 80% of the credit risk, with the other 20% to be carried by the banks.<\/p>\n<p><a href=\"https:\/\/www.beehive.govt.nz\/release\/mortgage-holiday-and-business-finance-support-schemes-cushion-covid-impacts?fbclid=IwAR3NSdwWP87QSTCbO7jf-OTiRUQjMGsEGfPoF7HOdCKn6kOl8sR2c6TsgHA\" target=\"_blank\" rel=\"noopener\">Read here<\/a> for further information or simply just contact your bank for more personal advice or information.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Last week Hon Grant Robertson announced that all NZ banks will be offering Mortgage holiday and business finance Support schemes to cushion COVID impacts. Most banks will be offering a six-month principal and interest payment holiday for people whose incomes have been affected by COVID-19 so they will not lose their homes as a result [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":13679,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-13677","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-updates"],"_links":{"self":[{"href":"https:\/\/nzsda.org.nz\/index.php\/wp-json\/wp\/v2\/posts\/13677","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nzsda.org.nz\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nzsda.org.nz\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nzsda.org.nz\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/nzsda.org.nz\/index.php\/wp-json\/wp\/v2\/comments?post=13677"}],"version-history":[{"count":0,"href":"https:\/\/nzsda.org.nz\/index.php\/wp-json\/wp\/v2\/posts\/13677\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nzsda.org.nz\/index.php\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/nzsda.org.nz\/index.php\/wp-json\/wp\/v2\/media?parent=13677"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nzsda.org.nz\/index.php\/wp-json\/wp\/v2\/categories?post=13677"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nzsda.org.nz\/index.php\/wp-json\/wp\/v2\/tags?post=13677"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}