Accepting applications under the program of preferential lending to SMB has started in Kazan

The final tax rate will be from 4.25 to 4.5% per annum.

(KZN.RU, April 3). The Executive Committee of Kazan has signed contracts on rendering services with banks-participators of city programs of preferential lending to small and medium-sized businesses(SMB). For obtaining a loan, businessmen can apply to one of four banks: Energobank, Sberbank, Bank of Kazan and Avtogradbank.

Businessmen operating in prior areas are able to receive a loan of up to 10 million rubles at a rate of 10.25 to 10.5% per annum for up to three or five years. In the first case, the Executive Committee subsidizes an interest rate of 6% during the first two years of the loan agreement, in the second- for the first three years.

To obtain a loan, a businessman must apply to one of the offices of the bank-operators of the program. The Bank forms and sends a package of documents for obtaining a subsidy in the Executive Committee.