15.04.2020 The Cabinet of Ministers accepted resolution №283 "On Amendments to the Procedure for Providing Financial State Support to Micro-Entrepreneurship and Small Business Entities", which is designed to help enterprises conduct business activities.
What has changed?
Previously, the application for a loan under the preferential program could be submitted by entrepreneurs whose maximum annual income did not exceed 50 million hryvnias.
With the adoption of the resolution the maximum level of income increased to 100 million hryvnias.
The resolution increases the maximum loan amount from UAH 1.5 million to UAH 3 million.
The list of purposes for which entrepreneurs can take a loan has been expanded and the following conditions have been added:
acquisition of non-residential real estate without the right to transfer such real estate for paid or free use to third parties;
replenishment of working capital of business entities in the amount of not more than 25% from the total cost of the investment project financed by credit funds.
Also during the quarantine period and within 90 days after its cancellation, the loan may be granted, in particular, for investment purposes related to the business entity's business activities for the production of medicines and / or medical devices and / or medical equipment.
We remind you that earlier in the said Procedure it was already possible to obtain a loan for the purchase of vehicles for business activities, purchase and / or modernization of other fixed assets, construction, reconstruction, repair of production facilities.
Apply and get acquainted with the program in more detail can be found here.
