Interest-free loans for small businesses

The aim of competition

The competition is organized to give an opportunity to small companies to develop their business, and also to form the terms for sustainable economic growth of Pechenga region.

Whom this competition for:

• Production and trade

• Ecological situation recovery

• Tourism business and attractiveness development

The winners of competition will get 30 Mln Rubles target loan.

Winners benefits:

• Consulting and information support

• No additional payments during loan return

• One-year payment grace period

• The perspectives for business project realization

Participants of the competition cannot be state, municipal and budget institutions, autonomic, public, official, unitary enterprises, non-commercial organizations, public movements, political parties, religion communities.

Obligatory terms:

• Registration in Pechenga region

• From 10 new employments

• Competition business project to develop trade, ecology, tourism

• 20% of own resource*

• Ability to operate on its own after project realization

• Start loan payment back during the year after finance beginning

*not only money but other resources are meant

Allowed to:

• Submit more than one application

• Open a franchise