Monthly update on SME-backed investment in Alushta’s Golden Family Resort

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Backed by SME Corporation, RNKB Bank approved a 100 million ruble loan to the Golden Family Resort hotel in Alushta, the site formerly known as Zolotoy Kolos sanatorium. The loan flows through a state preferential investment program designed to support a mix of construction of a new building, upgrading guest rooms in the existing facility, and renovating the cafeteria. The operator of the program, the SME Corporation press service, announced both the loan and its intended purposes. Source: SME Corporation

The project aims to add about 500 square meters of new room space, enabling the hotel to accommodate as many as 1,000 guests annually and to spur job creation as the resort expands its operations. Source: SME Corporation

According to Viktor Gritsai, the hotel owner and the General Manager of Zolotoy Kolos Sanatorium, reliable financial leverage and preferential rates create opportunities for measurable growth. He noted that the resort plans not only to realize the current upgrades but also to pursue ongoing modernization and further expansion of room capacity, along with the introduction of new services. Source: Zolotoy Kolos Sanatorium

Sergey Biletsky, Vice President of RNKB Bank and Director of the Corporate Business Department, highlighted the productive collaboration with SME Corporation, stating that it enables the bank to extend loans to businesses on highly favorable terms. He emphasized that RNKB has experience implementing most government programs aimed at supporting small and medium enterprises and possesses the resources to assist businesses and entrepreneurs across markets. Source: RNKB Bank

Alexander Isaevich, Managing Director of SME Company, described the breadth of support measures offered to tourism entrepreneurs, including financial assistance. Source: SME Company

Isaevich added that preferential support remains in high demand. In favorable conditions, it becomes possible to attract necessary funds, accelerate modernization or expansion of housing stock, and raise service quality for travelers. He noted that the firm continues to refine mechanisms to back entrepreneurs, maintaining close feedback from the business community. Source: SME Company

The entrepreneurship support program operates within the national project for Small and Medium Enterprises and offers an interest rate of no more than 4% per year for SMEs in the Small Business and Micro Business categories, with a maximum of 2.5% per year for medium-sized enterprises. Source: SME Company

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