16 октября 200711:12
Blagodat Securities Investment Company claims it’s impossible to get loans for long-term projects in Russia
«Both small and medium-scale businesses can only find the startup capital they need themselves. If one does not have one’s own capital, there will be no loan from a bank, and all this talk of being able to get a loan to finance a good idea is, to be painfully honest, sheer lunacy. An entrepreneur can only use a bank’s loan offers for managing the scale of his or her working assets. It’s virtually impossible to get a loan for a long-term project as far as Russian banks are concerned; the only exception to this rule is loans that use real estate or land as the loan collateral», Vsevolod