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Primorsky Guarantee Fund will support medium business

The Primorsky Guarantee Fund opens a new direction for supporting entrepreneurship - supporting medium-sized businesses, the press service of the regional government reports.

Now entrepreneurs with revenues up to 1 billion rubles and the number of employees up to 250 people can receive guarantees on loans, bank guarantees and leasing.

The maximum amount of support for the Guarantee Fund to date is 68 million rubles, but not more than 70 per cent on loans and bank guarantee and not more than 50 per cent under a leasing agreement.

In addition to support, exclusively with its own funds, the Guarantee Fund of Primorsky Krai now opens up new opportunities for support through partnerships with the Agency of Credit Guarantees.

As the deputy executive director of the Guarantee Fund of the Primorsky Territory Daria Dorofeeva reported, there are various kinds of programs in the fund. According to one of them, entrepreneurs registered and operating on the territory of single-industry towns (Dalnegorsky and Arsenievsky urban districts, Luchegorsky urban settlement, Svetlogorsk rural settlement) can attract guarantees on certain preferential terms.

Under the terms of the guarantee, the loan agreement must be more than one million rubles (for single-industry towns - from 300 thousand rubles) for a period of up to 2 years, if the purpose of the loan is to carry out core activities. If loan funds are needed for the purchase or modernization of fixed assets, then the maximum loan term should not exceed 5 years.

Among the partners of the fund for credit products are 30 banks, which include both federal and regional banks.

As Nikolay Dubinin, director of the department of economics and strategic development of the Primorsky Territory, said, the Guarantee Fund is created to increase the availability of credit and financial resources for small and medium-sized businesses and contributes to the dynamic development of enterprises. It is also important that this year the practice of the Guarantee Fund of the Primorsky Territory was recognized as one of the best in Russia. The Fund entered the collection of best practices based on the results of pilot testing of the national rating of the investment climate in the constituent entities of the Russian Federation.

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