Moscow extended preferential lending to small and medium-sized businesses until the end of 2023
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The Moscow government will allocate 1.21 billion rubles. for the implementation of the program of concessional lending to small and medium-sized businesses. About it informs Interfax with reference to the press service of the mayor and the government of Moscow.
It is noted that loans on favorable terms will be able to save about 10,000 metropolitan organizations. The program was extended until the end of 2023, the press service specified.
Moscow Mayor Sergei Sobyanin approved measures to support small and medium-sized businesses in the capital in April 2022. According to the initiative, organizations related to small and medium-sized businesses can receive a loan at 15% per annum for 12 months. The maximum loan amount is 50 million rubles. It was reported that the program will be valid until December 31, 2022.
Soft loans for investment purposes were also provided. The rate on them was 7% per annum, in August it was reduced to 3%. In this case, the loan amount cannot exceed 300 million rubles. Concessional financing is provided for a period of three years.
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