As part of improving investment attractiveness, the Ministry of Investment, Industry and Science of the Moscow Region is developing business support institutions, expanding their capabilities, the press service of the regional ministry said.
“The Moscow Regional Guarantee Fund and Roseximbank JSC have concluded a cooperation agreement that will allow regional entrepreneurs to access the bank’s credit instruments,” the statement said.
Within the framework of cooperation, the Fund will provide guarantees for credit agreements and bank guarantee agreements, which will simplify the attraction of bank financing for entrepreneurs near Moscow. The maximum guarantee amount of the Fund is not more than 50% of the borrower's obligations under the loan and not more than 42 million rubles. The maximum guarantee period is 10 years.
“The partners of the regional guarantee fund are more than 50 financial organizations, where entrepreneurs from the Moscow region, with the support of the Fund, can attract credit resources for business development. In 2019, the Fund has already provided 64 guarantees in the amount of more than 751 million rubles, ”said Natalia Egorova, Minister of Investments, Industry and Science of the Moscow Region.
Mininvest will simplify access to credit resources for entrepreneurs near Moscow