The guarantee support helped the Tatarstan manufacturer to attract about 100 million rubles for the development of the company

The manufacturer of paint and varnish materials from Yelabuga was able to attract 97 million rubles of loan financing on preferential terms from credit institutions for the development of production. The support was provided by the Ministry of Economy of the Republic of Tatarstan and its subordinate development Institute.

The Fund provided guarantee support to the company for a total of 45 million rubles in the framework of products with insufficient collateral from the company for loans. 

The company used the funds raised to develop its production, in particular, to increase its product range and expand its production facilities.

It should be recalled that entrepreneurs with insufficient collateral for a loan can use the support of the Guarantee Fund of the Republic of Tatarstan for up to 100 million rubles per borrower and up to 120 million rubles for a group of related companies for investment purposes and investments in non–current assets, for other purposes – up to 70 million rubles. At the same time, the remuneration for guarantees for entrepreneurs operating in priority sectors of the economy is 1% per annum of the amount of guarantees, and for other borrowers – 1.5% per annum. 

Entrepreneurs are supported by the Ministry of Economy of the Republic of Tatarstan under the national project "Efficient and Competitive Economy". 

You can get detailed advice on the terms of warranty support by phone: +7(843)293-16-94, +7(903)061-40-18. 

For advice on business support measures in Tatarstan, please contact the Unified Contact Center at +7 (843) 524-90-90.