An enterprise from Tatarstan received 150 million rubles under the loan program for investment purposes with the support of the Guarantee Fund of the Republic of Tatarstan

An enterprise from Tatarstan took advantage of preferential financial support under a new pilot investment lending program. 150 million rubles at a reduced rate of 2.5% per annum was attracted thanks to the guarantee provided to the entrepreneur by the Guarantee Fund of the region subordinated to the Ministry of Economy of the Republic of Tatarstan.

The company from Tatarstan specializes in the production and supply of metalworking products, spare parts and technological equipment. Funds were requested for the purchase of equipment for the modernization of the production cycle.

The regional Guarantee Fund, subordinated to the Ministry of Economy of the Republic of Tatarstan, acted as a guarantor under the preferential product "Support - 2022". The guarantee amount for the product amounted to 70 million rubles. At the same time, the remuneration rate has been reduced to a minimum value of 0.5%, and the possibility of deferring the payment of remuneration for the first 6 months is also provided.

Recall that the investment lending program was launched by the Ministry of Economic Development of the Russian Federation, the Bank of Russia and the SME Corporation on August 25, 2022 and is aimed at supporting manufacturing enterprises, as well as companies operating in the fields of agriculture, hospitality, transportation and storage.

Financial support up to 1 billion rubles can be obtained at a reduced rate of up to 4% per annum for small and micro enterprises and up to 2.5% for medium-sized businesses. In the Republic of Tatarstan, 18 banks are involved in the implementation of the program, their full list can be found here. Loans are issued for up to three years.

It should be noted that since the start of the implementation of the program in the republic, 53 applications have been submitted in the amount of more than 5.3 billion rubles.

You can check your business for the possibility of obtaining guarantee support and learn more about preferential programs on the website of the Guarantee Fund, as well as by phone: +7 (843) 293-16-94, +7 (903) 061-40-18.