Revenue and Small Business Minister Stuart Nash has confirmed that the Small Business Cashflow Loan Scheme will further be extended to 31 December. Due to the extension of the interest-free cashflow loan scheme, small businesses have more certainty about access to finance. The scheme was earlier extended to 24 July.
As per Mr Stuart Nash, the extension shows the government's continuous support to the small businesses. The decision was taken to boost the confidence of these businesses. It will reduce the businesses' pressure to decide promptly whether the loan scheme is right for them.