For five months 2020 capital entrepreneurs have received Bank financing for a total amount of 8.8 billion rubles through Fund of assistance to crediting of small business of Moscow(PSMBM). The guarantee Fund will cover up to 70 percent of the loan.

According to him, the guarantee Fund in the crisis, allows banks to minimize their risks. While entrepreneurs have the opportunity to raise funds even in situations when you do not have sufficient own resources to secure a loan.

the Total volume of guarantees of guarantee Fund from January to may this year amounted to 3.9 billion rubles. 65 percent (the most) from this amount, the entrepreneurs used to process loans on working capital. In addition, the subjects of small and medium enterprises seek guarantees PSMBM to obtain borrowed funds for the refinancing, the execution of the state contracts and for investment and other purposes. In the restructuring of the loan guarantee Fund for small and medium-sized enterprise shall be extended for a period of six months without conducting additional financial analysis.

In partnership with PSMBM work 70 credit institutions. Take advantage of the support of the Fund-small and medium enterprises in almost all industries. The exception is gambling and companies that operate with excisable goods. The application for execution of surety entrepreneurs can submit in PSMBM through creditors — partners of the Foundation and the centres of services for business. Questions on lending and restructuring of loans can ask on the phone: +7 (495) 276-24-17.

the Recipients of the Moscow guarantee Fund can also issue a loan at a reduced interest rate in the framework of the city program subsidizing banks. The Moscow government compensate credit institutions for up to eight percent per annum on new loans and six percentage points for existing. Rate on the new loans with the support of the city will be to borrowers from three to seven percent per annum. The program involved 11 of the largest banks in the capital.

the Fund of assistance to crediting of small business of Moscow (Moscow guarantee Fund) operates under the auspices of the Department of entrepreneurship and innovation. During the work the Foundation has issued guarantee in the amount of more than 86 billion rubles. Entrepreneurs received from lenders over 172 billion rubles in loans and guarantees.