Tatarstan entrepreneurs received over 8.9 billion rubles from banks of the Republic

Credit funds were attracted thanks to two banking programs to support businesses from the affected sectors - preferential lending to enterprises at a rate of 2% per annum and interest-free loans to pay salaries. To date, according to these programs, 3,260 applications from Tatarstan entrepreneurs for a total amount of over 8.9 billion rubles have been satisfied.

So, 10 banks of the Republic approved 925 applications for loans at 0% for the remuneration of employees totaling about 2.4 billion rubles. SMEs from the most affected sectors of the economy can apply for an interest-free loan for paying salaries. In turn, the interest on the loan will be paid from the federal budget, while for the borrower it will be zero. An interest-free loan is issued for a period of 6 months, in the case of a loan for 1 year, a discount rate of 4% will be applied for the remaining months.

Under the program of preferential lending at 2% per annum, which started on June 1, 7 banks of Tatarstan satisfied 2,335 applications worth over 6.5 billion rubles. Let us recall that companies from affected sectors and socially oriented NPOs (included in the register of SO NPOs) can count on loans. The exception is individual entrepreneurs without hired workers. At the same time, it is enough for small and micro-business enterprises to comply with the list of affected industries for the main or additional OKVED. The entrepreneur can direct the money received to carry out entrepreneurial activities, including the payment of salaries to employees, or to repay previously taken loans, including interest-free loan for payment of labor.

It is worth noting that the final loan rate for consumers will be 2%, the rest is subsidized by the state. Subject to the conditions of the program, the interest on the loan does not require monthly repayment, they are capitalized, that is, they will be added to the main debt and paid at the end of the loan agreement along with the “body” of the loan. The soft loan has a repayment term till June 30, 2021. At the same time, the enterprises that retain at least 90% of the employees will be charged off with interest - the entire amount will be paid by the state. If at least 80% of employees remain in the state, the borrower will have to repay only half of the loan and interest on it.