Sverdlovsk fund to support small businesses will pay up to 70% of risky loans for the MB

Committee for Development of Small and Medium Enterprises of the Sverdlovsk region, announced the intention of the fund to support small and medium-sized businesses to pay up to 70% of outstanding loans to SMEs by banks. Throughout this year, support fund will provide financing to small and medium-sized businesses to repay loans. Only the 2008 Fund repaid approximately 192.2 million rubles for 713 loans for small businesses. Due to this reduced risk of banks and increase financial resources for the development of small and medium-sized businesses. Plus another 645 subjects were formed and survived to 6177 jobs. Since the crisis suffered the effect of reducing the share of loans granted for the development of MB, the fund increased its stake to ensure support for business loans from banks to 70%. And not only is aimed at small business development, Sverdlovsk region. Now the fund provides a new kind of guarantee for loans MB to the bank - the "restructuring". Such surety guarantees from the fund to take up to 50% for non-payment loan for MB. Due to this, banks are going to meet his client, change the payment schedule, provide a grace period. For successful business development of the Sverdlovsk region in the current year will run the following programs to promote the development of MB: Microcredit, the interest-free loans of compensation, providing garantovoy support to budding entrepreneurs who have successfully passed the training, "Start your business."