Ordinance No. 4-249 of the Minister of Economy and Innovation validating incentive financial instrument scheme for loans for small and medium-sized business entities affected by COVID-19.
Country
Type of law
Regulation
Abstract
The Minister establishes that loans for small and medium-sized business entities affected by COVID-19 shall be granted to enterprises operating on the national territory on condition that they create jobs locally, pay taxes and tributeы to the national budget, and pay pension fund contributions. Business entities that have lost at least 30 percent of their amount of business since the outbreak of a new coronavirus infection (COVID-19) shall have the right to access to public loans. The loans are intended to finance the borrower's minimum working capital. Loans can be granted for a maximum period of 24 months. This period may be extended for a period not exceeding 36 months, term starting from the date of conclusion of the initial loan agreement.
Attached files
Web site
Date of text
Repealed
No
Source language
English
Legislation Amendment
No
Original title
LIETUVOS RESPUBLIKOS EKONOMIKOS IR INOVACIJŲ MINISTRAS ĮSAKYMAS DĖL LIETUVOS RESPUBLIKOS EKONOMIKOS IR INOVACIJŲ MINISTRO 2020 M. BALANDŽIO 15 D. ĮSAKYMO NR. 4-229 „DĖL SKATINAMOSIOS FINANSINĖS PRIEMONĖS „PASKOLOS LABIAUSIAI NUO COVID-19 NUKENTĖJUSIEMS VERSLAMS“ SCHEMOS PATVIRTINIMO“ PAKEITIMO 2020 m. balandžio 23 d. Nr. 4-249 Vilnius.