15:44 - 10.02.2021

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February 10, Fineko/abc.az. Business entities submitted totally 1,072 subsidized loan applications to the Entrepreneurship Development Fund through 17,000 authorized credit organizations.

886 loan applications were endorsed, and 186 ones were rejected because of non-compliance of the business entity’s legal documents with the requirements of the current legislation, ABC.AZ reports with a link to the EDF.

The total demand for crediting on the applications amounted to AZN 179.8 million, including on the positively assessed applications for AZN 88.5 million and the rejected applications for AZN 91.4 million.

Of the 1,072 applications received by the Fund, 4,660 new jobs are to be created and 2,521 ones (54.1%) of them account for projects considered acceptable.

By Elmir Murad