Applications will be open from 12 May 2020 to 12 June 2020 inclusive.
Eligible businesses and organisations are entitled to a one-off loan.
The maximum amount loaned is $10,000 plus $1,800 per full-time-equivalent employee.
The annual interest rate will be 3% beginning from the date of the loan being provided.
Interest will not be charged if the loan is fully paid back within one year.