Small business easier access to cheap credit

Previously entrepreneurs could get a loan at a reduced rate only to the amount of 50 million rubles and higher, now lower limit is reduced to 10 million rubles. This means that the program is now available not only for the medium but for small businesses.
September 21, President Vladimir Putin said at a meeting of the Presidential Council on strategic development and priority projects supported the idea of "Support of Russia" to reduce the minimum amount of lending to small and medium-sized businesses at preferential rates. And yesterday on the board of directors of state corporations to small and medium-sized enterprises (SMEs) President order was fulfilled.
"The program is already running, but as soon as the loan amount starts from 50 million rubles, that this special program of crediting clearly enjoyed mainly medium-sized businesses. And now we have ensured that this program is now available for small businesses. Basically, the business declares the desire to take out a loan of 15-30 million rubles. That is, 80% of loans for small businesses is the limit ", - told the newspaper VIEW president" supports Russia "Alexander Kalinin.
It is a program of the Central Bank of Russia "Six and a half." "According to the Russian Central Bank it provides cheap money to the biggest banks of the country, there are more than 20, to the money issued to small and medium businesses under the guarantee of the state corporation of small and medium business at the rate of not more than 9.6% for the average and not more than 10.6% for small businesses. But the problem was that the amount of loans that were issued to these rates could be between 50 million to 1 billion rubles, "- said Kalinin.
"Support of Russia" has repeatedly raised the issue with the state corporation SMEs to reduce the amount of the loan. The head of the Central Bank of the Russian Federation Elvira Nabiullina earlier also supported the position of the "Support of Russia". "And yesterday, on the board of directors of state corporations to small and medium-sized businesses was unanimously decided that from now on small and medium-sized businesses may receive loans at 9.6% (medium business) and 10.6% (small business) in the amount of 10 million rubles under the special program CBR "- happy president" supports Russia ".
"This is a major step forward on the availability of finance for small and medium-sized businesses. Entrepreneurs should know about it and contact the partner banks (there are at the site of the state corporation SMEs) and claim these credits for special programs ", - adds Kalinin.
On the small and medium business lending program in its time it has been allocated 50 billion rubles, then added another 25 billion rubles. And this government is not going to stop. The Central Bank promise to add an additional 25 billion rubles for this program as soon as the limit is exhausted.
Thus, small and medium business gets what it is now imperative - it's cheap credit resources. "But most importantly, that the banks will be forced to cut rates and their loan programs, not related to this special program. Because if the entrepreneur who came to the bank offer to take a loan at 15% per annum, it refuses the benefit of the Central Bank program. We already have such examples of failure, "- notes Kalinin.
The Government has identified policy goals support of small and private business - is to increase the number of small businesses by 10% and increase in the number of workers employed in these regions, up to 20 million people by 2018. In addition, support for the goal to increase the share of small and private business employees to the level of 35% or more of total employment. They have become a mainstay of the Russian economy.