Business Aid and Loans
From The Kodiak Republic Wiki
(Redirected from Entrepreneurial Aide)
Chapter Definitions
Businesses are defined as follows, based on the size of a business:[1]
- Micro business or enterprise - defined as a business employing 1 to 9 employees.
- Small business - defined as a business employing 10 to 49 employees
- Medium business - defined as a business employing 50 to 250 employees
- Large businesses - defined as any business employing more than 250 employees.
- SMEs - Small to medium enterprises/businesses, including micro-enterprises.
Section 1 - Entrepreneurial Aide Agency
- 1.1 - The Better Business Council (BBC) is authorised to: [1][2]
- 1.2.1 - Provide Government loans for medium businesses, with a threshold of 5,000,000 florins annual income in the last financial year.
- 1.2.2 - Provide Government loans for small businesses, with a threshold of 1,000,000 florins annual income in the last financial year.
- 1.2.3 - Provide Government loans for start-up or micro businesses with less than 100,000 florins of starting capital.
