A business can borrow $10,000 plus $1,800 for each full-time equivalent employee, up to a maximum amount of $100,000.
A sole trader can therefore borrow $10,000 plus $1,800 for themselves – being a maximum loan of $11,800.
The organisation applying for the loan has the option to accept the full loan amount, or a smaller loan if they so choose. Once the loan application is submitted you cannot make any amendments eg you can’t change the loan amount.
Inland Revenue has an SBCS calculator you can use to determine what you might be entitled to based on the number of part-time and full-time employees you have.
See the link here.