Entrepreneurs of Tatarstan have received preferential loans under FOT 3.0 in the amount of 2.3 billion rubles

On December 30, the submission of applications for preferential financing under the federal program FOT 3.0 ends. As of the current date, 684 entrepreneurs who applied to banks received loans at 3% in the amount of 2.3 billion rubles.

Let us recall that, by order of the President of the Russian Federation V. V. Putin, federal program of preferential lending started on November 1 in connection with the restrictive measures introduced. The program is aimed at supporting businesses from affected industries, under its terms, small and medium-sized businesses can receive loans at a reduced rate of 3%, provided that the staffing level remains at 90%.

Acceptance of applications for this program lasted until December 30, the loan was provided for any business purposes. The loan amount was calculated based on 1 (one) minimum wage, per 1 (one) employed, multiplied by 12 months. The loan term was 18 months, including a delay in the payment of interest and the loan body for 6 months, the so-called grace period, after which the loan repayment period will be 12 months.

As already mentioned, an important condition for the preservation of preferential terms under FOT 3.0 is the preservation of at least 90% of the number of employees fixed in the loan agreement. If an enterprise violates the condition of maintaining the number of employees, it is automatically excluded from the program and begins to pay the full market rate, which will be about 10% per annum.

FOT 3.0 includes 17 types of activities - these are entrepreneurs and SONKO-participants of previously operating similar programs and SMEs created from July 1, 2020.

15 authorized banks represented in the Republic of Tatarstan participated in the program