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Direct line with the GovernorApplication for the project implementation

Government approved preferential loan program for business

A government decree (http://static.government.ru/media/files/3YrtDoH8XuCIJqVMTPwdxmRgGU8wb4DA.pdf) defines the rules for a new preferential business support program for the sectors most affected by coronavirus and socially oriented non-profit organizations.

Banks will issue loans at 2%, the rest will be reimbursed by the state.
Those enterprises that retain at least 90% of their employees will be charged off with interest. If at least 80% of the employees remain in the state, the entrepreneur will have to repay only half of the loan and interest on it. The loan repayment period is April 1 of the following year.
The size of the loan will be calculated on the basis of one minimum wage per employee per month, multiplied by the number of months.

The funds can be used for any purpose at the discretion of the business, but, of course, we expect that, first of all, they will be spent on the payment of wages, because for those enterprises that retain at least 90% of their employees, the loan will be written off with interest - the state will repay all this amount, - Mikhail Mishustin, the Сhairman of Government, commented on May 18.
19 мая 2020 17:33:00
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