Business vs Coronavirus: how entrepreneurs survive a pandemic?

Business vs Coronavirus: how entrepreneurs survive a pandemic?

The preferences for small and medium businesses related to Covid-19 also apply to lending. As Stanislav Golotvin explains, such enterprises will be granted a six-month grace period on loans and will be able to receive loans at a lower rate - no more than 8.5%. And additional measures to ensure sustainable lending should include, amongst other things, government guarantees and subsidies.

"This measure will make it possible to ensure the performance of obligations, such as the salaries payment, in the presence of "cash gaps" due to a decrease in demand, revenue or the presentation of deferred payments to customers of goods, works or services," - explains the lawyer and managing partner of Tax Compliance Mikhail Begunov.

"This measure will make it possible to ensure the performance of obligations, such as the salary payment, in the presence of "cash gaps" due to a decrease in demand, revenue or the presentation of deferred payments to customers of goods, works or services," - explains the lawyer and managing partner of Tax Compliance Mikhail Begunov.

He says that another measure to support small and medium businesses will be the deferral of rent payments on state and municipal property for up to three months - it will be valid starting in March. Among other things, this deferral is planned to provide residents of private facilities to maintain their competitiveness.

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Mikhail Begunov

Major specialisations

Pharmaceuticals, FMCG, Information technology, Manufacturing companies

Member of the Chamber of Tax Consultants, Lawyer at the Moscow Chamber of Advocates

Biography