This is reported in the office of the vice-governor Yevgeny Yelin. Funds are allocated under the Program for the provision of microloans to small and medium-sized businesses in the sphere of public catering and tourism.
The program to support tourism in St. Petersburg provides 253 million rubles. The maximum loan amount will be up to 5 million rubles. Interest rate under the loan agreement: 1 percent per annum for 1 - 12 months, 2 percent per annum for 13-24 months, 3 percent per annum for 25 - 36 months. Loan term: from 6 to 36 months. A deferral is provided for the repayment of the principal amount of the loan and interest in the first 12 months after its issuance. Loans are issued without collateral, guaranteed by the beneficial owners or founders, shareholders who own a controlling stake in the company for the full loan amount.