HOW WILL THE BANKS SAVE BUSINESS?

The total number of the applications, received from the banks to support the program is 32, taking into account 14 banks, the agreements with which were signed earlier. We should note that in accordance with the new assessment, the small businesses can expect to receive a loan at 0% for up to 6 months to pay the salaries to the employees.

One of the main conditions for obtaining an interest-free loan is the preservation of the number of employees. What is more, when issuing a loan, the bank pays attention to the compliance of the enterprise with the following conditions:

• conduct of the activities for at least 1 year;

• the presence of a salary project in the bank to which the company applied for a loan;

• the number of employees should be less than 100 people.

The package of documents, which is necessary for obtaining a loan, as well as the full list of the conditions that the company must comply with, should be specified in the bank, holding the salary project of the company.

We should recall that on April 16, the Ministry of Economic Development submitted to the government a draft resolution on the provision of “salary” loans for medium and large enterprises.