Briefly, the loans provide businesses with $10,000 each, plus $1,800 on top per full time employee. They are interest free if repaid in the first 12 months. If not repaid within 12 months, interest is charged at 3% for the full term of the loan.

To qualify, you must have a 30% reduction in turnover and be a viable business post Covid (understandably, they don’t want to lend to non-viable businesses).