Preferential microloan at 3% is available to entrepreneurs of single-industry towns

The Entrepreneurship Support Fund subordinated to the Ministry of Economy of the Republic of Tatarstan has begun accepting applications from small and medium-sized entrepreneurs registered in seven cities of the republic for microloans on new preferential terms. To accelerate the development of the SME sector, Tatarstan received federal subsidies, which made it possible to set the microloan rate at 3%.

This support measure is especially relevant for business in single-industry towns, the economic situation in which is particularly susceptible to negative influences due to the epidemiological situation and fluctuations in financial markets. Single-industry towns, in fact, are constantly dependent on the plans of investors and development institutions, which imposes certain risks on the worsening socio-economic situation.

An application for a microloan can be issued by entrepreneurs whose activities are registered in the cities of Zelenodolsk, Naberezhnye Chelny, Elabuga, Mendeleyevsk, Kamskiye Polyany, Chistopol and Nizhnekamsk. Documents can be sent through the Entrepreneurship Support Fund or through the ФАСТТРЕК.РФ portal. Let us recall that the portal was created to quickly solve the problems associated with helping small and medium-sized businesses in Tatarstan.

The maximum loan amount can be 2.5 million rubles and is issued to an entrepreneur for up to 3 years under a guarantee and a pledge at a reduced rate equal to half the key rate of the Bank of Russia. Let us recall that today the key rate of the Central Bank of the Russian Federation is 6%.