Legislation Rules igry02-07-2009 Do I need a small business mortgage? The State Duma is allowed to take a mortgage to purchase non-residential premises. Such a solution must help small and medium-sized businesses in obtaining loans. However, whether the innovation will provide real support to medium-sized businesses? "I'm not sure that the scheme will be transparent and accessible to small enterprises", - said Alexei Bigness.ru Shestoperov, Head of "Small Business" NISIPP. The State Duma is allowed to take home loans to purchase non-residential premises. Yesterday the Duma members in the third and final, reading the amendments to the law "On mortgage". Amendments are allowed to receive credits for non-residential premises. Then as now the mortgage is valid only in respect of residential houses and apartments. The new document "is intended to broaden the range of opportunities for small and medium-sized businesses" - quoted by the Itar-Tass explanatory note to the law. The first deputy of the Duma committee Dmitry Sablin also said that the implementation of amendments "allows you to expand opportunities for entrepreneurs to get loans for mortgages, which is especially important in the current crisis conditions."
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