The "Affordable Loan for SME"
The "Affordable Loan for SME" program was developed to boost SME in the Russian Far East and it is implemented together with leading Russian banks (Sberbank, Bank VTB, Otkritie, and others).
Part number:
Supplier:
Development Fund of the Far EastDescription
The FEDF provides cheap long-term financing for partner banks which in turn significantly lower the rates for SME borrowers. The interest rate subsidizing from the FEDF funds lowers the cost of loans for SME by 4-6% as compared to average market rates and enables a longer term of lending (up to 3-10 years), thus reducing the financial burden on business by 1.5-2.0 times.
Working capital loans for up to 3 years at the maximum interest rate of 12.5% p/a
acquisition and maintenance of fixed assets for business activities in the Far East
construction and renovation of buildings / structures / premises in the Far East
financing of the current activities in the Far East
Investment loans for the term of up to 10 years at the maximum interest rate of 13.5% p/a
acquisition and maintenance of fixed assets for business activities in the Far East
construction and renovation of buildings / structures / premises in the Far East
The loan is not provided for:
the financing of earlier received loans;
acquisition of securities.
Mandatory requirements for the borrower:
compliance with the requirements to the borrower in Art. 4 of Federal law #209-FL
a SME subject is registered in the Far East
compliance with the purposive character of using the funds
production of goods (works, services) in the territory of the Far East
the lack of overdue taxes and duties payable
no insolvency (bankruptcy) proceedings applied
funds are disbursed to companies from any sectors with the exception of oil and gas, alcohol and tobacco, gambling business.
Working capital loans for up to 3 years at the maximum interest rate of 12.5% p/a
acquisition and maintenance of fixed assets for business activities in the Far East
construction and renovation of buildings / structures / premises in the Far East
financing of the current activities in the Far East
Investment loans for the term of up to 10 years at the maximum interest rate of 13.5% p/a
acquisition and maintenance of fixed assets for business activities in the Far East
construction and renovation of buildings / structures / premises in the Far East
The loan is not provided for:
the financing of earlier received loans;
acquisition of securities.
Mandatory requirements for the borrower:
compliance with the requirements to the borrower in Art. 4 of Federal law #209-FL
a SME subject is registered in the Far East
compliance with the purposive character of using the funds
production of goods (works, services) in the territory of the Far East
the lack of overdue taxes and duties payable
no insolvency (bankruptcy) proceedings applied
funds are disbursed to companies from any sectors with the exception of oil and gas, alcohol and tobacco, gambling business.