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Guarantee Fund of Primorye has developed a new program of guarantees on bank guarantees for entrepreneurs

The Guarantee Fund of Primorsky Krai has developed a new program for providing guarantees under bank guarantee agreements. Entrepreneurs of Primorye can already apply for a new type of guarantee on their loan obligations, the press service of the regional administration.

“The maximum amount of the guarantee is up to 70 percent of the amount of the bank guarantee. At the same time, the bank guarantee agreement must be concluded for a period of up to 3 years for an amount over a million rubles. The entrepreneur must provide 30 percent of the guarantee amount, ”explained Alexei Nekrasov, executive director of the Primorye Guarantee Fund.

The service is provided by six partner banks: OJSC Rosselkhozbank, CJSC Solid Bank, OJSC Far Eastern Bank, OJSC Morskoy Bank, OJSC Rost Bank, CJSC Dalta Bank. Entrepreneurs can apply there for a bank guarantee under the guarantee of the Fund.

In addition, the Fund continues to provide guarantees for loan agreements and leasing agreements.

As Nikolay Dubinin, director of the Department of Economics and Strategic Development of Primorsky Krai, said, the guarantee fund was created in order to increase the availability of credit resources for small and medium-sized businesses. The Guarantee Fund provides a guarantee to entrepreneurs in the event of a lack of collateral when registering a bank loan.

To date, the Fund issued 659 guarantees for a total of almost 1,8 billion rubles, which increased the amount of small business lending in the region by 3,7 billion.

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