The Republican Guarantee Fund subordinated to the Ministry of Economy of the Republic of Tatarstan issued 263 guarantees for 1 billion 236 million rubles for 9 months of 2021. The total volume of the Financing Fund attracted under guarantees amounted to more than 6 billion rubles, which exceeds by 12% the figures for the volume of loans attracted for the same period in 2020 - 5.4 billion rubles.
A greater number of sureties fall on entrepreneurs from Kazan, Naberezhnye Chelny and the Tukayevsky district of the republic. Tatarstan business directed credit funds to replenish current assets, purchase real estate, purchase seeds and repair of agricultural machinery.
Let us recall that the Guarantee Fund provides guarantees in the amount of up to 50 million rubles to small and medium-sized businesses and self-employed citizens who do not have sufficient collateral to obtain credit funds.
In September, the Guarantee Fund launched several preferential products at once, in particular, for residents of industrial parks - "Industrial Development", for export companies - "Guaranteed export".
For agricultural producers who have suffered losses due to the abnormally hot summer in Tatarstan, the program "Agro-drought" has been developed. According to its terms, the Fund provides a guarantee of up to 10 million rubles in the amount of up to 70% of the loan amount for the period of provision of borrowed funds by a financial institution + 120 days. Until the end of this year, farmers operating in rural areas (farms, sole proprietors, Agricultural consumer cooperatives and other SME entities) can benefit from the support.
Tatarstan entrepreneurs can also use the services The Unified Lending Center (hereinafter referred to as the ULC), operating on the basis of the Guarantee Fund of the Republic of Tatarstan. Its specialists, free of charge, help to choose a profitable loan product, form the necessary package of documents and send an application to banks. Since the beginning of 2021, the ULC has advised more than 700 representatives of small and medium-sized businesses and helped them attract more than 200 million rubles to business.