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Over 280 million rubles at 2% provided by VTB to the business of the Amur Region

Over 280 million rubles at 2% provided by VTB to the business of the Amur Region

VTB, as part of lending to entrepreneurs under the employment preservation program, issued 90 loans at 2% in the Amur Region. The total amount of support was about 280 million rubles.

According to the press service of VTB, a loan program at 2% per annum is in great demand among businessmen of the Amur region. So, in addition to the already approved 90 applications, there are 18 more potential transactions worth 27 million rubles in work.

According to the loan recipient at VTB, director of Grezy LLC Oleg Zhuravlev, the company will use the money received to pay salaries, since maintaining the team is now one of the most important tasks of the company. Another borrower, General Director of Amursky MedHolding LLC Anton Pushkarev also plans to direct funds to pay salaries to employees. Another part of the loan received at VTB will go to rent the premises.

A loan at 2% with state support implies a lack of payments for borrowers until the end of December 2020. If by this time it will be possible to maintain the staff by 90% from the level of March 2020, then the state will repay the entire loan in full. If the state remains at 80% or more, 50% of the debt and interest will be written off. The loan amount is calculated from the minimum wage and staff, taking into account the district coefficient.

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