MOSCOW SMALL BUSINESS CREDIT SUPPORT FUND
Address: Varshavskoye highway, 35 (“River Plaza” office centre), 5th storey
Phone Fax number: (495) 967-19-49
http://fs-credit.mbm.ru/
A borrower step-by-step directions
- The borrower applies for a loan to the Bank.
- The Bank makes a positive decision on the loan application.
- In case the Borrower lacks collaterals and agrees to use the Fund guarantee the Bank sends an application for the guarantee signed by the Borrower to the Fund.
- The fund confirms the guarantee or denies.
- In case the Fund makes a decision to give the guarantee the three-party guarantee treaty between the Fund, Bank and Borrower is concluded.
Terms of guarantee giving
- The Fund fee for the guarantee is 1,75% per annum from the guarantee provided amount.
- The Fund fee is paid flat at the moment of the guarantee agreement conclusion.
- Up to 90% of the costs spent for the guarantee obtaining might be reimbursed from the Moscow municipal budget. The above mentioned costs are compensated in cash means.
Requirements to the borrower
In order to get the Small Business Loan Assistance Fund the Borrower shall meet the following requirements:
- Registration at the small and middle sized business subjects register.
- At least of six months of business operation on the date of the Fund guarantee application.
- No breach of loan precontracts, loan contracts, leasing contracts, etc. (5 days one-time delay is allowed) within last six months.
- No tax and duties debts before all levels budgets.
- No bankruptcy procedures within last two years.
- The Borrower business is not related to gambling, production and sale of excisable goods, mining operations and sales.
- The Borrower is not a part of the production division agreement.