Guarantee Fund for Small Business, Vladimir

More recently, in the Vladimir region established a guarantee fund for small business development. Already since August 10, small businesses can take advantage of credit loans at more affordable terms. The guarantee fund will be some kind of collateral for lending to small businesses, Vladimir region. I was told the director of regional self-government - Valery Skorik (Director of the Department of Enterprise, Trade and Services) The total amount of money in the Guarantee Fund of Vladimir region is 70 million rubles. But the rumors and that the government intends to double in the near future. Additional funds to the guarantee fund of the Vladimir region must come from the Russian state budget. But while such a tide of money was not the maximum amount of loans to small businesses was 7 million rubles. There is one "but" - a guarantee fund acts as a guarantor only? loan. By the end of first week of August will be clear which banks will be able to work on the business program for this rating is conducted on a competitive basis among the banks of the region.