Small and medium-sized enterprises that suffered from attacks on Wildberries & Russ facilities began receiving preferential loans

MOSCOW, September 11 – RIA Novosti. Small and medium-sized enterprises that suffered as a result of attacks on the facilities of the RVB group (the united company Wildberries & Russ) began receiving preferential loans with state support on Friday, the press service of the SME Corporation reports.

The total limit of the program, which is being implemented by the Russian Ministry of Economic Development, the Bank of Russia and the SME Corporation, is 50 billion rubles. Preferential loans are provided in 73 banks participating in the program - the full list is posted on the SME Corporation website. The start of issuance must be confirmed directly with the program’s partner banks.

“Support for small and medium-sized businesses affected by air attacks is under constant control of the government. Pooling the resources of the Bank of Russia and the government made it possible to launch a targeted support program to help suppliers and, in particular, manufacturers. The Bank of Russia provides banks participating in the program with preferential funding under the guarantee of the SME Corporation. In addition, if there is a lack of collateral, entrepreneurs can take advantage of the Corporation’s “umbrella” guarantee, which covers up to 50% of the loan amount,” noted Deputy Prime Minister of Russia Alexander Novak, his words are given on the website of the Ministry of Economic Development.

Entrepreneurs can receive funds in the amount of 500 thousand to 500 million rubles to replenish working capital and for current expenses. The rate under the program is “key rate + 3%”. If there is a lack of collateral, businesses have access to the “umbrella” guarantees of the SME Corporation.

“It was decided to provide additional support to small and medium-sized enterprises that suffered from attacks on marketplace warehouses. Entrepreneurs will be able to receive preferential bank financing to replenish working capital in order to purchase the necessary raw materials or goods. In combination with other support measures, this will help the business recover faster and return to normal activities sooner. Especially for such enterprises, the grace period for lending has been increased from 1 to 1.5 years,” said Russian Minister of Economic Development Maxim Reshetnikov, his words are quoted on the department's website.