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VTB issued more than 700 million rubles at 2% to entrepreneurs in Sakhalin
The volume of loans issued by VTB with state support for entrepreneurs in the Sakhalin Region amounted to 717 million rubles. In total, 11 loan agreements were signed with business representatives.
According to the press service of VTB, Sakhalin Travel Airlines LLC was one of the first to receive a soft loan for the restoration of activities. The amount of support received amounted to 5,7 million rubles. With these funds the company will be able to restore activity and retain the team. According to Vladimir Selivanov, VTB's manager on Sakhalin, 38 more applications worth 65 million rubles are currently in operation.
Under the terms of the loan, while maintaining the staff of 90% compared with March 2020, the loan in December this year will be fully repaid by the state. If you manage to maintain staff by 80% or more, 50% of the debt will be written off.
The loan amount is calculated from the minimum wage, taking into account regional ratios, the number of employees and the loan term. Until December 28, 2020, entrepreneurs are exempted from making payments.