The volume of microloans issued by the Entrepreneurship Support Fund has doubled

The Entrepreneurship Support Fund subordinated to the Ministry of Economy of the Republic of Tatarstan has issued 297 microloans worth over 494 million rubles. Half of the issued loans are for the “1%” microloan - a support program available to entrepreneurs whose activities are not attributed to the sectors of the economy affected by the pandemic. It should be noted that the volume of loans issued has doubled compared to the same period last year. In the first half of 2019, the Fund issued 156 microloans.

Thus, under the “One-Percentage” program, entrepreneurs of the republic received 151 microloans worth over 166 million rubles. Let us recall that a microloan at 1% is available for SMEs from industries that were not previously covered by federal and republican measures and were not included in the list of the most affected industries.

The rest of microloans were received under the “Mono-towns” program, “7.5%”; the management company of the industrial park KIP “Master” also applied for a loan to further grant the residents of the park a grace period for lease payments. Most often, entrepreneurs from the cities of Kazan and Naberezhnye Chelny, Zelenodolskiy, Bugulminskiy, Nizhnekamskiy and other municipal districts of Tatarstan applied for loans.

The attracted loan funds will be used for the purchase of inventory and equipment, construction of facilities, repairs, replenishment of working capital, settlements with service providers, refinancing of existing loans, securing an application in a competition (auction), covering the cash gap for the issuance of salaries and deductions to funds.

Loans are provided within the framework of the regional project “Expanding the access of SMEs of the Republic of Tatarstan to financial resources, including concessional financing” of the national project to support small and medium-sized businesses.

For the convenience of entrepreneurs, an application for a microloan can be submitted through the ФАСТТРЕК.РФ portal. The portal is a unique project of the Republic and was created to simplify the access of entrepreneurs to support measures, as well as to interact with government agencies in the online space. The portal operates in a “single window” format, you can submit an application and track the progress of its execution in the “Personal Account” remotely.

For advice on all existing support measures, entrepreneurs can contact by phone: 8 (843) 524-90-90.