First microloan within the program "Exporter" issued in Tatarstan

This year, the Entrepreneurship support fund of Tatarstan, subordinated to the Ministry of economy of the Republic, has developed a new program for microfinancing – "Exporter". The first recipient of such a microloan has become a diversified company from Naberezhnye Chelny, LLC "EUROTECHCOM-SPB". The funding amounted to 5 million rubles.

The company considers provided state support as significant and very convenient. According to the director Oleg Chernov, the company has been exporting for 10 years and is currently increasing the volume and customer base. But the current market trends are such that you have to use your own working capital, which is not always enough. We have to borrow money and the speed of the loan issuance often plays an important role.

"I consider the support received to be very significant. In addition, we were very pleased with the short time period spent on application and attractive percentage of 5% per annum. If you take a bank loan, it is much longer and interest rate is much higher. It was our first microloan. I can say with confidence that we will continue to use this mechanism and count on support of the fund", said Oleg Chernov.

To take part on this program can small and medium-sized enterprises engaged in export activities. A prerequisite is the existence of a valid export contract concluded in 2019. Depending on the cost of the last loan amount varies from 100 thousand to 5 million rubles.  Lending is carried out for a period of 3 months to 3 years. The interest rate is 5% per annum.