Entrepreneurs and the self-employed will be able to take loan holidays for up to six months.
On October 1 a federal law will come into force allowing the introduction of payment deferrals for small and medium-sized businesses as well as for self-employed individuals. Loan holidays can be arranged for a period of up to six months. This option is available for each loan, but no more than once every five years. The relief will apply regardless of whether the entrepreneur’s revenue has decreased.
The deferral is available provided that the loan amount does not exceed 10 million rubles for the self-employed, 60 million rubles for microenterprises, 400 million rubles for small enterprises, and 1 billion rubles for medium-sized enterprises. During the loan holiday, interest will continue to accrue at the contractual rate and will be capitalized monthly, RBC reports.
Другие Новости Кирова (НЗК)
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The dollar exchange rate exceeded 87 rubles for the first time since April 11.
The over-the-counter rate changed sharply during today's trading.
The building of the Vyatka Orthodox Gymnasium in Kirov will be renovated.
The partial capital repair project passed the state expert review.
Entrepreneurs and the self-employed will be able to take loan holidays for up to six months.
The new law allows for a deferral of payments.