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For representatives of small and medium-sized business

Information for entrepreneurs

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). Till the end of 2017 the Far East Development Fund plans to finance up to 1,000 projects together with partner banks, totaling up to 10 billion rubles.

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

Aims of lending:

  • 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

Aims of lending:

  • 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.

Information about the terms of a specific loan and financing is available at the branches of the partner banks:

Sberbank
http://www.sberbank.ru/
Otkritie
https://www.open.ru/
Group VTB
http://www.vtb.ru/group/

For partner banks

The programme allows for loans to be provided for SME subjects:

  • to finance the working capital for the term of up to 3 years at the maximum rate of 12.5% p/a;
  • to fund investments for the term of up to 10 years at the maximum rate of up to 13.5% p/a.

The terms of loan disbursement to banks for the term of up to 3 years:

  • the rate is 5% p/a;
  • loan currency: Russian rubles;
  • financing by the Fund per borrower: up to 50% of the loan for a subject, but not more than 50 million rubles for SME.

The terms of loan disbursement to a bank for the term of up to 10 years:

  • the rate is 5% p/a
  • loan currency: Russian rubles
  • financing by the Fund per borrower: up to 80% of the loan for a subject, but not more than 200 million rubles for SME.

The principle of fixing the maximum amount of financing for partner banks:

  • the maximum amount of financing for each partner bank is proportionate to the ratio of the bank capital to the total capitals of all banks admitted to participation in the third stage of the Programme, but it shall not exceed 1.5 billion rubles and 10% of the bank capital;
  • the minimum amount of financing for each partner bank is set at the level of 200 million rubles.

Qualification requirements for banks to participate in the programme:

1
Rating
Availability of two and more credit ratings, not more than 3 positions lower relative to the sovereign rating.
2
Systemically important bank
Included in the list of systemically important banks, approved by the Bank of Russia.
3
Listed by the Ministry of Finance
Included in the list of the Russian Ministry of Finance for the acceptance of bank guarantees for taxation purposes (clause 3 of Art. 74.1 of the Russian Tax Code).
4
Accreditation as a SME bank
Accreditation as a bank partner in the programme of the SME-friendly Bank – compliance with the qualification requirements at least by 3/4.

Mandatory requirements for SME subjects:

  • borrower’s compliance with the requirements of Art. 4, Federal Law #209-FL
  • an SME subject is registered in the territory of the Russian 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 dues 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

For more detail call: +7 495 540 47 37
Or write to: info@fondvostok.ru