Guarantee support of small and medium-sized businesses of Tatarstan for 9 months of this year increased almost 2 times

4 October 2019, Friday

The amount of guarantees issued for 9 months of 2019 by the Guarantee Fund of the Republic subordinated to the Ministry of economy of Tatarstan exceeded last year's volume of financial support by 1.7 times.

In 9 months of 2019, the Guarantee Fund of the Republic of Tatarstan issued 178 guarantees for 1 billion 104 million rubles. The total amount of funding raised under the guarantee Fund amounted to 3 billion 858 million rubles.

This exceeds the volume of guarantees issued for the same period in 2018 by 1.7 times. From January 1 to September 30 last year, entrepreneurs were issued 95 guarantees in the amount of 668 million rubles. In total, during this period, SMEs received 2 billion 211 million rubles for business development. 

"Programs to support the Institute of entrepreneurship in the Republic allowed Tatarstan to become a leader in the first half of 2019 among Russian regions in the total volume of loans issued to SMEs. A significant contribution to this result was made by the Guarantee Fund of the Republic of Tatarstan, in cooperation with which entrepreneurs were able to attract loans of more than 2.5 billion rubles. This is 62.3% of the total amount of loans issued to entrepreneurs of Tatarstan under the National guarantee system, " said Minister of economy Farid Abdulganiev.

At the same time, through the Unified lending center, working on the basis of the Guarantee Fund of the Republic of Tatarstan, this year assistance was provided in the selection of the most suitable loan product and the formation of the necessary package of documents for 186 applications of entrepreneurs. The total amount of attracted loans amounted to 33.6 million rubles.

The most popular among representatives of small and medium-sized businesses were the support measures offered under the programs of the Fund "Standard" and "Entrepreneurship in rural areas". 111 and 26 sureties were issued for them, respectively.

The amount of guarantees issued under the guarantee product "Standard" amounted to more than 761 million rubles, and the total amount of loans approved for entrepreneurs – 2.2 billion rubles. The maximum size of the guarantee under this program is 50% of the loan amount and can reach up to 30 million rubles. In this case, the loan collateral of the borrower must be at least 30%.

The program "Entrepreneurship in rural areas", launched in may 2018 specifically for agricultural producers, continues to gain momentum. The amount of guarantees issued under it for 9 months of the current year is 63.5 million rubles, and the total amount of loans attracted by farmers is 202.2 million rubles. The amount of guarantee of the Guarantee Fund of the Republic of Tatarstan for this product reaches 70% of the loan amount. The minimum remuneration rate is 0.5%.  The maximum amount of the guarantee is 5 million rubles.

The remaining guarantees were issued within the framework of programs implemented by the Guarantee Fund for small and medium businesses of Tatarstan: "Industrial development", "Guarantee", "Bridge of opportunities" and "Guarantee flow".

The latter was launched only in July 2019, however, it has also already issued 8 guarantees in the amount of 6.3 million rubles for loans in the amount of 12.7 million rubles.

REFERENCE: The guarantee Fund was established in 2011 on the initiative of the Ministry of economy of Tatarstan. Currently, the Fund cooperates with 43 banks, 4 leasing companies, microfinance organization, "Investment and venture fund of Tatarstan", industrial development Fund and single-industry development Fund. During the work, entrepreneurs were provided with 1.271 guarantees in the amount of 5.2 billion rubles, which allowed to provide credit funds in the amount of 18.7 billion rubles.

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