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.
Information about the terms of a specific loan and financing is available at the branches of the partner banks:
Qualification requirements for banks to participate in the programme:
For more detail call: +7 495 540 47 37
Or write to: email@example.com