Tatarstan is the leader of the Volga Federal District in financing attracted by small businesses under the guarantees of the RGO

The drivers for the support provided in the Volga Federal District were the Republic of Tatarstan, the Udmurt Republic, the Chuvash Republic, the Republic of Bashkortostan, the Perm Territory and the Nizhny Novgorod Region.

Small and medium-sized businesses of the Volga Federal District have attracted 29.4 billion rubles under the guarantees of regional guarantee organizations (RGO) included in the national guarantee system. In just 9 months, more than 1.560 guarantees worth 8.7 billion rubles were provided. At the same time, the average amount of the guarantee was 5.6 million rubles, and the average amount of financing received by entrepreneurs for it was 18.8 million rubles.

The drivers for the support provided in the Volga Federal District, taking into account the number of sureties issued for 9 months and a number of other indicators, were the Republic of Tatarstan (263 sureties totaling 1.24 billion rubles), the Udmurt Republic (224 sureties totaling 0.96 billion rubles), the Chuvash Republic (220 sureties totaling 1.04 billion rubles), the Republic of Bashkortostan (151 sureties totaling 1 billion rubles), Perm Krai (148 sureties totaling 1.15 billion rubles) and the Nizhny Novgorod Region (139 sureties totaling 0.99 billion rubles).

The total amount of financing attracted by small and medium-sized businesses under the guarantees of the RGO in Tatarstan for 9 months amounted to 6.09 billion rubles. According to this indicator, the republic ranks first in the Volga Federal District.

Throughout Russia, the RGO for 9 months of 2021 provided more than 7.5 thousand guarantees in the amount of 58.7 billion rubles, which allowed small and medium-sized businesses to attract financing in the total amount of 157.4 billion rubles. Thus, every fifth RGO guarantee was issued to entrepreneurs of the Volga Federal District. Moreover, the Republic of Tatarstan, the Udmurt Republic and the Chuvash Republic entered the all-Russian top 10 in terms of the number of guarantees provided to business.

The highest increase in the number of guarantees issued and supported entrepreneurs in the Volga Federal District was noted in the Republic of Bashkortostan (143.5%) and the Chuvash Republic (109.5%).

Most often, entrepreneurs from trade (30%), manufacturing (20%), agriculture (20%), services (12%), construction (11%) and transportation and logistics (7%) received guarantee support in the Volga Federal District.

Guarantees were provided, among other things, to start-up entrepreneurs who have been operating for no more than a year. The Republic of Tatarstan, the Udmurt Republic, the Ulyanovsk Region and the Chuvash Republic entered the top 15 in this direction along with such subjects as the Krasnodar Territory, the Republic of Adygea, the Tyumen Region, the Khabarovsk Territory, etc.

"Entrepreneurs, in order to obtain financing in the absence of the necessary collateral, apply to the RGO for support, and every fifth guarantee issued falls on the Volga Federal District, which indicates high business activity in the region," said Alexander Isaevich, Director General of the SME Corporation. - Small businesses can use guarantee support to obtain a loan and under the umbrella mechanism for providing guarantees. In this case, it is enough to contact one of the partner banks." He also added that the use of several support tools gives entrepreneurs more opportunities to attract financing on favorable terms.

The guaranteed capital of the RGO in all subjects of the Volga Federal District as of October 1, 2021 amounted to more than 10 billion rubles.