Tatarstan Guarantee Fund is the leader in the volume of loan guarantees issued

JSC "SME Corporation" summed up the results of work for 9 months of 2019. As part of the target model of support for small and medium-sized businesses, the Guarantee Fund of the Republic subordinated to the Ministry of economy of Tatarstan took the first place among regional guarantee organizations in terms of loans issued under the guarantee of the Fund. This amount amounted to 3.6 billion rubles. In second place – Sverdlovsk region with indicators of 3.5 billion rubles, the third-Novosibirsk region-3.4 billion rubles. The rating took into account all subjects of Russia, with the exception of cities of Federal importance.

"The demand for lending services under the guarantee of the Fund is one of the indicators that entrepreneurship in Tatarstan is becoming more popular, for this purpose, state support measures are provided. According to the SME Corporation, for 9 months of 2019, Tatarstan took the second position in the total volume of loans issued with the support of the National Guarantee system. Entrepreneurs received almost 6 billion rubles for business development, " said RT Economy Minister Farid Abdulganiev.

"The main mission of Guarantee funds in the country is to expand the access of entrepreneurs to financing. And the results of our work for 9 months of this year show that we are succeeding. By the end of August this year, we have reached the indicators of the entire 2018 year. In the history of the Fund, we have issued sureties worth more than 5 billion rubles, " said Timur Temirgaliyev, Director of the Guarantee Fund of the Republic of Tatarstan.