Small Businesses Use Zero-Interest Lending

The government is considering launching a small business lending programme through Sberbank and VTB with subsidized rates up to 0% and without collateral. 

The First Deputy Chairman of the Government of the Russian Federation, Andrey Belousov, said that these days officials are preparing a programme for financing small businesses on special conditions. Sberbank and VTB may become operators of this programme. Andrey emphasized the discussion will focus on reduced criteria for securing a loan since small businesses often cannot offer the bank anything as collateral.

Ru-Main, 26.03.2020

Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *