Russian Bank for Development to allocate from its reserve of 100 million rubles for the development of small and medium-sized businesses in the Belgorod region. Money should go to the expense of the Belgorod Regional Fund of small business. The money will be given to all interested entrepreneurs for small business development in the form of loans at affordable credit rates. According to the source, Small Business Support Fund, Belgorod Region intends to grant loans to small businesses up to 300 000 rubles. Loan Term - 36 months. Besides the fact that credits are given for long periods of time, there is another big plus, which no doubt will appreciate the business entities of Belgorod. It lies in the fact that the Fund will issue grants to pay interest on loans to small businesses. Or rather a part of accrued interest on the loan will be repaid through cash fund.
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