CASHFLOW

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Small Business Loans to Ease Cashflow

The Government has launched the Small Business Cashflow Loan Scheme (SBCS) as another measure to assist eligible small-to-medium businesses adversely affected by COVID-19. From 12 May 2020, businesses employing up to 50 full-time staff may apply to the Inland Revenue Department for loans of $10,000 plus $1,800 per employee. What’s involved? the loans accrue interest …

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