How to Apply for the $5,000 Small Business Grant in NZ: A Step-by-Step Guide
If you are a small business owner in New Zealand, you may be eligible for a $5,000 grant to help your business through these tough times. In this guide, we will cover everything you need to know to apply for this grant.
Who is eligible for the grant?
To be eligible for the $5,000 small business grant, you must meet the following criteria:
– Have 50 or fewer full-time equivalent employees
– Incur a minimum 30% decline in revenue or capital-raising ability due to COVID-19
– Have not received COVID-19 Business Advisory Fund support
– Be registered for GST with Inland Revenue
– Be a New Zealand-based business
How to apply for the grant?
The application process for the $5,000 small business grant is straightforward and can be completed online. Here are the step-by-step instructions:
Step 1: Gather your documents
Before you start the application, make sure to gather the necessary documents, including:
– Proof of identity (e.g., driver’s license, passport)
– Business Inland Revenue (IRD) number
– GST number
– Bank account details
– Revenue figures for the three months before the lockdown and three months after (if applicable)
Step 2: Create an account on the portal
To apply for the grant, you need to create an account on the portal. You can do this by visiting the website and clicking on the “Apply for the Grant” button. Follow the instructions, and you will receive a confirmation email once your account is created.
Step 3: Fill in the application form
Once you have created an account, you can log in and start filling in the application form. The form will ask you questions about your business, including your revenue figures and the impact of COVID-19 on your business.
Step 4: Submit your application
Once you have completed the application form, review it to make sure all the information is correct. Then, submit your application. You will receive an email confirming that your application has been received.
What happens next?
After you submit your application, it will be reviewed by a panel of experts. If your application is approved, you will receive the $5,000 grant within five working days.
Conclusion
The $5,000 small business grant in New Zealand is an excellent opportunity for small business owners to get financial support during these challenging times. By following the steps outlined in this guide, you can ensure a smooth and successful application process. Remember to gather all the necessary documents, create an account on the portal, fill in the application form, and submit your application. Good luck!
