Entrepreneurs of Tatarstan received over 10 billion rubles to support employment

The lending program aimed at maintaining employment - a loan at 2%, continues to demonstrate high demand from entrepreneurs of the republic. Over the past week alone, 125 loans were issued for 429 million rubles.

In total, since the launch of the concessional lending program at 2%, banks in Tatarstan have issued more than 3,350 loans for enterprises whose activities are classified as sectors of the economy affected by the pandemic. In turn, financial support at 2% per annum was provided for a total amount of more than 10 billion rubles.

Let us recall that companies from the affected industries and socially oriented NPOs (included in the register of SO NPOs) can count on loans. The only exception is individual entrepreneurs without employees. At the same time, it is enough for small and micro-businesses to comply with the list of affected industries according to the main or additional OKVED. The entrepreneur can use the money received to carry out entrepreneurial activities, including the payment of salaries to employees, or to pay off previously taken loans, including an interest-free loan for wages.

It should be noted that the final loan rate for consumers will be 2%, the rest is subsidized by the state. If the terms of the program are met, the interest on loan does not require monthly repayment, it is capitalized, that is, it will be added to the principal debt and paid at the end of the loan agreement along with the “body” of the loan. The maturity date of the concessional loan is June 30, 2021. At the same time, enterprises that retain at least 90% of their employees will receive a loan along with interest - the entire amount will be paid by the state. If at least 80% of employees remain in the staff, the borrower will have to repay only half of the loan and interest on it.