Investments and guarantees

Innovative territorial cluster “Zelenograd” gives support to innovation enterprises and projects in looking for potential investors. Moreover we actively cooperate with investors on attractive projects identification.

SECURITIES FOR CREDIT AGREEMENTS AND BANK GUARANTEE AGREEMENTS

Credit Assistance Fund of small business in Moscow

The Fund was established by the Moscow Government in 2006 as an instrument of state support for small and medium-sized businesses (SMB) and stands under the auspices of the Moscow Department of Science, Industrial Policy and Entrepreneurship. The Fund aims to expand access of SMB to sources of financing and secured liabilities to creditors.

The Fund currently offers securities of two kinds:

1. Securities for bank credits (for the period of 3 months and over):

  • For government contractors:

          - Up to 70% of the amount of Borrower’s obligations (not exceeding 90 mn RUB);

         - The Fund’s surety commission constitutes 0,75% PA of the security size;

  • For the spheres named preferential for Moscow:

         - Up to 70% of the amount of Borrower’s obligations (not exceeding 90 mn RUB);

         - The Fund’s surety commission constitutes 1,25% PA of the security size;

  • For other small and medium-sized business enterprises:

         - Up to 50% of the amount of Borrower’s obligations (not exceeding 45 mn RUB);

         - The Fund’s surety commission constitutes 1,25% PA of the security size.

2. Securities for bank guarantees:

  • For government contractors (for period of up to 5 years):

         - Up to 70% of the amount of Borrower’s obligations (not exceeding 90 mn RUB);

        - The Fund’s surety commission constitutes 0,75% PA of the security size;

  • For other small and medium-sized business enterprises (for period of up to 3 years):

         - Up to 50% of the amount of Borrower’s obligations (not exceeding 45 mn RUB);

  • The Fund’s surety commission constitutes 1,25% PA of the security size.

How to get secured by the Credit Assistance Fund:

  1. The Borrower turns to any of the Partner Banks of the Fund,
  2. The Bank makes a decision upon crediting the Borrower and in case of the Borrower’s insufficient security files a respective application and a package of documents for provision of the required security to the Fund,
  3. The Fund considers the documents and takes a decision within maximum 3 working days. A tripartite agreement is concluded upon an affirmative response of the Bank and the Borrower then gets proper financing.

Criteria for organizations that can get secured by the Credit Assistance Fund?

  • Entrance into the Register of small and medium-sized business enterprises of Moscow;
  • Moscow registered address;
  • Engage in business activities for not less than 6 months as of the date an application for security provision is submitted to the Fund;
  • No defaults of any of the earlier concluded credit agreements and/or loan agreements, and/or leasing agreements, etc. within the 6 months prior to the date of the application to the Fund (single arrears of 5 days is acceptable);
  • No past due tax debt or fees payable to the budgets of all levels as of the latest accounting date prior to the date of the application to the Fund;
  • No involvement into any of the insolvency (bankruptcy) proceedings including monitoring procedure, financial recovery, external bankruptcy administration, liquidation procedure and facing no sanctions in the form of license annulment or suspension (for the licensed Borrowers) within the past two years (or less due to period of business activities of the organization);
  • Credit agreements concluded for the period of less than 3 months;
  • Collateral of not less than 30% of the amount of its credit return and credit interest obligations;
  • Effected payment for the Fund’s security commission as and when required by the suretyship agreement;
  • Not acting as credit institutions, insurance organizations (excluding consumer cooperative), investment funds, private pension funds, security market professionals or pawnshops;
  • Identified as residents of the Russian Federation in accordance with the statutory procedure on currency regulation and currency control except as otherwise provided in the international treaties of the Russian Federation;
  • No engage in gambling industry, production and sales of excisable goods, extraction of minerals and its further sales and not being a party of any production sharing agreement.

For more information on terms and conditions of the Fund’s security provision visit the website of the Fund.  


YOU ARE WELCOME TO SEND YOUR QUESTIONS AND REQUESTS TO:
Olga Bychkova
Olga Bychkova
Principal Specialist on Investment

Phone: +7 (499) 995-02-39
E-mail: olga.bychkova@technounity.ru
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