Companies can apply for no-interest loans as of Thursday

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Beginning Thursday, micro-, small-, and medium-sized enterprises from the travel, freight shipping, and hospitality industry can apply for no-interest loans of EUR 3,000 to 30,000, according to the Government, which issued a call Wednesday.

Interested parties, in line with official recommendations to protect people amid the coronavirus crisis, should submit their applications to the e-mail address [email protected] and the loans will be distributed through the Development Bank of North Macedonia.

The amount of credit the banks will extend will vary according to the size of the enterprise, i.e., the number of employees.

Businesses with up to 10 employees are eligible for loans of EUR 3,000 to 5,000. Businesses employing 10 to 50 people are eligible for loans of EUR 10,000 to 15,000. Businesses employing 50 to 250 people are eligible for loans of EUR 15,000 to 30,000. The interest is zero percent; repayment is due in 24 months, with a six-month grace period.

The first installment will be paid in nine months.

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