Small business from October 1 will be able to arrange credit holidays

The subjects of small and medium -sized enterprises and self -employed will be able to arrange a credit vacation. The law will enter into force on October 1. As explained in the Bank of Russia, the delay can be taken for a period of six months, by frequency once every five years, for each available loan. It does not matter whether the revenue has decreased with an entrepreneur or company.

But there are limits - the holidays will be given if the loan size does not exceed:

- for micro -enterprises - 60 million rubles,

- for small enterprises - 400 million rubles,

- for medium - 1 billion rubles,

- for self -employed - 10 million rubles.

During the preferential period, interest will be accrued and capitalized monthly - that is, added to the loan amount.

The holidays will be allowed to issue under contracts that were concluded no earlier than March 1, 2024.

According to the National Bank of Bashkiria, in January - April of this year, the business took 191.5 billion rubles, and almost 2/3 of the volume falls on large companies. SMEs reduces borrowings - a loan service is very expensive.

Author: Elina Akhmetova