FAVORABLE loans for affected companies for SALVATION from coronavirus crisis

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At the second sectoral meeting in the Serbian Chamber of Commerce (SCC), it has been agreed that small and medium-sized enterprises and entrepreneurs in tourism, hospitality and passenger transportation sectors, which were the most affected by the pandemic, will have access to favorable loans for liquidity and working capital from the Development Fund. At the meeting attended by Minister of Finance of Serbia, Sinisa Mali, and the representatives of the economy from those sectors, President of the SCC, Marko Cadez, pointed out the necessity of fast implementation of measures in order for the economy to recover and continue doing business, the SCC announced. The criteria for loans were proposed to the competent ministries by the representatives of the economy through the SCC. Five-year loans are planned, which include a grace period of up to two years and a repayment period of up to three years, the interest rate is one percent per year, and they are approved and repaid in dinars. The maximum loan amount for entrepreneurs and micro legal entities is RSD 20 million, which is double the amount, for small enterprises RSD 80 million and for medium-sized enterprises up to RSD 180 million. Depending on the loan amount, users submit different types of collateral. It was agreed at the meeting that the representatives of the sectoral associations of the SCC, businessmen, the representatives of the Development Fund, the Ministries of Finance, Tourism and Economy would determine the precise criteria for submitting requests for that type of support.

Source: Beta

Photo: Pixabay