• The company shall not be undergoing a liquidation, insolvency or reorganization procedure;
• It shall not have arrears in taxes and fees, payments to the Pension Fund, salary (of more than RUR 50,000);
• A positive credit history from the credit bureau (credit history with no debts overdue for more than 30 days within the principal amount of loan and % over the past 12 months), or no credit history;
• A positive balance of net assets;
• The organization shall be in a stable financial state and have a total net profit for the last 4 quarters;
• The share of overdue receivables from assets shall not be more than 5%;
• The share of overdue payables from assets shall not be more than 5%;
• A positive business reputation (no information about the poor credit history of the head, key participants / shareholders / beneficiaries or previously established enterprises in relation to credit organizations and / or the Fund, including due to bankruptcy / liquidation; significant claims against participants / shareholders / beneficiaries and other affiliated persons, etc.);
• The amount of claims shall not exceed 5% of assets.

BASIC CONDITIONS:

• The loan amount per borrower / group of related borrowers shall range from RUR 10,000,000 to 100,000,000;
• The MFIES share in the project financing shall not exceed 70% of all costs (with at least 30% of the borrower's own and credit funds);
• The loan term shall not exceed 5 years;
• The interest rate on the loan is 2% per annum;
• The enterprise activity period from the moment of registration shall be at least 24 months, at least 6 months for new residents’ projects, with the production localized in Moscow by the parent company;
• The assets of the borrower as of the last quarterly reporting date or of the guarantor entity (with the production localized in Moscow by the parent company) shall be at least RUR 15,000,000;
• The revenue (over the past 4 quarters) of the borrower or the guarantor entity (with the production localized in Moscow by the parent company) shall be at least RUR 25,000,000;
• The enterprise shall have at least 10 employees, or at least 5 for the enterprises with a total revenue share exceeding 50% according to OKVED 72, with the exception of OKVED 72.19.1, 72.19.11, 72.19.12 and 72.2, for the last financial year, with the production localized by the parent company;
• The loan shall be provided as a non-cash transfer of the entire loan amount to the borrower's special account;
• Interest shall be accrued on the principal debt;
• The loan is repaid in equal shares, a delay in principal amount repayment of up to 12-24 months is possible, under a flexible schedule. Interest is repaid monthly.

LOAN PURPOSE:

• purchase of new equipment (up to 100% of the loan amount);
• R&D and R&T expenses (no more than 10% of the loan amount and no more than 30% of the loan amount for enterprises with a total revenue share of over 50% according to OKVED 72, except for OKVED 72.19.1, 72.19 .11, 72.19.12 and 72.2, for the last financial year), including new product / technology development and process work; production and technology; patent research and developed solutions patenting; certification, standardization, control and certification procedures; purchase of consumables to develop a new product / technology);
• purchase of industrial engineering services (no more than 10% of the loan amount);
• purchase of intellectual property (IP) (no more than 10% of the loan amount)
• purchase of software for industrial needs (no more than 10% of the loan amount and no more than 30% of the loan amount for enterprises with a total revenue share of more than 50% according to OKVED 72, with the exception of OKVED 72.19.1, 72.19.11, 72.19.12 and 72.2, for the last financial year);
• replenishment of working capital (not more than 50% of MFIES financing) to pay for raw materials and consumables;
• refinancing (not more than 70% of the principal debt balance of a loan received for the new equipment purchase);
• expenses for holding exhibitions, conferences and presentations (participation fees, stand production, exhibition equipment rental) in the countries of near and far abroad (up to 50% of the loan amount);
• expenses for certification in the countries of near and far abroad, for obtaining patents and certificates (up to 50% of the loan amount);
• expen
• ses for products transportation out of the Russian Federation (not more than 50% of the loan amount).

LOAN SECURITY:

MANDATORY SECURITY OPTION 1:

• Obligatory pledge of the borrower's and / or third parties’ property (real estate, equipment, motor vehicles) in the amount of at least 30% of the loan (discount from the market value less value added tax of at least 30%), or a bank guarantee in the amount of at least 30 % of the loan provided by credit institutions having assets of at least RUR 1.5 tn and a long-term issuer default rating in national currency on the international scale of at least two levels lower than the Russian Federation rating (Fitch Ratings, Standard & Poor's, Moody's Investors Service, ACRA);
• • Obligatory pledge of the borrower's and / or third parties’ immovable property for the amount of at least 50% of the loan (except for residential real estate and facilities under construction) (discount from market value less value added tax of at least 30%), or the regional and federal guarantee organizations’ guarantees in the amount of at least 50% of the loan (the Moscow Small Business Credit Assistance Fund, the Federal Corporation for Small and Medium-Sized Business Development) or an SME Bank guarantee for at least 50% of the loan, or a bank guarantee for at least 50% of the loan provided by credit organizations having assets of at least RUR 1.5 tn and a long-term issuer default rating in national currency on the international scale not lower than the Russian Federation rating by more than two steps (Fitch Ratings, Standard & Poor's, Moody's Investors Service, ACRA). The total collateral in the form of property pledge, bank guarantees, sureties/guarantees of regional and federal guarantee organizations shall provide 100% of the principal loan amount.
• Additional types of security:
• o Sureties of participants / shareholders / beneficiaries (with a total share in the authorized capital of more than 50%) for the full loan amount, if there are no participants / shareholders / beneficiaries’ sureties on the loan, the Fund has the right to refuse to grant a loan.
• o Sureties of individuals and / or legal entities.

MANDATORY SECURITY OPTION 2:

Obligatory pledge of the borrower's and / or third parties’ immovable property for the amount of at least 100% of the loan principal (except for residential real estate and facilities under construction) (discount from market value less value added tax of at least 30%), or an independent guarantee of the Federal Corporation for Small and Medium-Sized Business Development in the amount of at least 100% of the loan, or a bank guarantee in the amount of at least 100% of the loan provided by credit organizations having assets of not less than RUR 1.5 tn and a long-term issuer default rating in national currency on the international scale not lower than the Russian Federation rating by more than two steps (Fitch Ratings, Standard&Poor's, Moody's Investors Service, ACRA).Real estate insurance at collateral value by insurance companies having a long-term issuer default rating in national currency on the international scale not lower than the Russian Federation rating by more than two steps (Fitch Ratings, Standard & Poor's, Moody's Investors Service, ACRA).

Additional types of security:

Sureties of participants / shareholders / beneficiaries (with a total share in the authorized capital of more than 50%) for the full loan amount, if there are no participants / shareholders / beneficiaries’ sureties on the loan, the Fund has the right to refuse to grant a loan..

Sureties of individuals and / or legal entities.

The list of appraisal companies registered in Moscow is available on the website of the Industrial Development Fund.

• The company shall not be undergoing a liquidation, insolvency or reorganization procedure;
• It shall not have arrears in taxes and fees, payments to the Pension Fund, salary (of more than RUR 50,000);
• A positive credit history from the credit bureau (credit history with no debts overdue for more than 30 days within the principal amount of loan and % over the past 12 months), or no credit history;
• A positive balance of net assets;
• The organization shall be in a stable financial state and have a total net profit for the last 4 quarters;
• The share of overdue receivables from assets shall not be more than 5%;
• The share of overdue payables from assets shall not be more than 5%;
• A positive business reputation (no information about the poor credit history of the head, key participants / shareholders / beneficiaries or previously established enterprises in relation to credit organizations and / or the Fund, including due to bankruptcy / liquidation; significant claims against participants / shareholders / beneficiaries and other affiliated persons, etc.);
• The amount of claims shall not exceed 5% of assets.

BASIC CONDITIONS:

• The loan amount per borrower / group of related borrowers shall range from RUR 20,000,000 to 200,000,000;
• The MFIES share in the project financing shall not exceed 70% of all costs (with at least 30% of the borrower's own and credit funds);
• The loan term shall not exceed 5 years;
• The interest rate on the loan is 2% per annum;
• The period of activity of the enterprise from the moment of registration shall be at least 24 months;
• The amount of the borrower's assets at the last quarterly reporting date shall be at least RUR 50,000,000;
• The revenue for the past year shall be at least RUR 100,000,000;
• The number of employees shall be at least 100;
• The loan shall be provided as a non-cash transfer of the entire loan amount to the borrower's special account;
• Interest shall be accrued on the principal debt;
• The loan is repaid in equal shares, a delay in principal amount repayment of up to 12-24 months is possible, under a flexible schedule. Interest is repaid monthly.

LOAN PURPOSE:

• purchase of new equipment (up to 100% of the loan amount);
• expenses for research&development (R&D) and research&technology (R&T) works (not exceeding 10% of the loan amount), including new product / technology development and research&technology work; production&technology; patent research and solution patenting; certification, standardization, control and certification procedures; purchase of consumables for new products / technology development);
• purchase of industrial engineering services (no more than 10% of the loan amount);
• purchase of intellectual property (IP) (no more than 10% of the loan amount)
• purchase of software for industrial needs (no more than 10% of the loan amount).
• replenishment of working capital (not more than 50% of MFIES financing) to pay for raw materials and consumables;
• refinancing (not more than 70% of the principal debt balance of a loan received for the new equipment purchase);
• expenses for holding exhibitions, conferences and presentations (participation fees, stand production, exhibition equipment rental) in the countries of near and far abroad (up to 50% of the loan amount);
• expenses for certification in the countries of near and far abroad, for obtaining patents and certificates (up to 50% of the loan amount);
• expenses for products transportation out of the Russian Federation (not more than 50% of the loan amount).

LOAN SECURITY:

MANDATORY SECURITY OPTION 1:

Obligatory pledge of the borrower's and / or third parties’ property (real estate, equipment, motor vehicles) in the amount of at least 30% of the loan (discount from the market value less value added tax of at least 30%);

Obligatory pledge of the borrower's and / or third parties’ immovable property for the amount of at least 50% of the loan (except for residential real estate and facilities under construction) (discount from market value less value added tax of at least 30%), or a bank guarantee for at least 50% of the loan provided by credit organizations having assets of at least RUR 1.5 tn and a long-term issuer default rating in national currency on the international scale not lower than the Russian Federation rating by more than two steps (Fitch Ratings, Standard & Poor's, Moody's Investors Service, ACRA), or a guarantee of the Moscow Government  in the amount of at least 50% of the loan, or the regional and federal guarantee organizations’ sureties/guarantees in the amount of at least 50% of the loan (the Moscow Small Business Credit Assistance Fund, the Federal Corporation for Small and Medium-Sized Business Development) or an SME Bank guarantee for at least 50% of the loan;

The total collateral in the form of property pledge, bank guarantees, sureties/guarantees of regional and federal guarantee organizations shall provide 100% of the principal loan amount.

MANDATORY SECURITY OPTION 2:

Obligatory pledge of the borrower's and / or third parties’ immovable property for the amount of at least 100% of the loan principal (except for residential real estate and facilities under construction) (discount from market value less value added tax of at least 30%), or bank guarantees in the amount of at least 100% of the loan provided by credit organizations having assets of not less than RUR 1.5 tn and a long-term issuer default rating in national currency on the international scale not lower than the Russian Federation rating by more than two steps (Fitch Ratings, Standard&Poor's, Moody's Investors Service, ACRA).Real estate insurance at collateral value by insurance companies having a long-term issuer default rating in national currency on the international scale not lower than the Russian Federation rating by more than two steps (Fitch Ratings, Standard & Poor's, Moody's Investors Service, ACRA);

MANDATORY SECURITY OPTION 3:

Obligatory pledge of the borrower's and / or third parties’ equipment and/or motor vehicles in the amount of at least 100% of the loan (discount from the market value less value added tax of at least 50%).Equipment insurance at collateral value by insurance companies having a long-term issuer default rating in national currency on the international scale not lower than the Russian Federation rating by more than two steps (Fitch Ratings, Standard & Poor's, Moody's Investors Service, ACRA);The Fund has the right to deny the pledge of illiquid and insignificant equipment.

Additional types of security:

Sureties (with the exception of state enterprises) of participants / shareholders / beneficiaries (with a total share in the authorized capital of more than 50%) for the full loan amount, if there are no participants / shareholders / beneficiaries’ sureties on the loan, the Fund has the right to refuse to grant a loan.

Sureties of individuals and / or legal entities.

The list of appraisal companies registered in Moscow is available on the website of the Industrial Development Fund.

• The company shall not be undergoing a liquidation, insolvency or reorganization procedure;
• It shall not have arrears in taxes and fees, payments to the Pension Fund, salary (of more than RUR 50,000);
• A positive credit history from the credit bureau (credit history with no debts overdue for more than 30 days within the principal amount of loan and % over the past 12 months), or no credit history;
• A positive balance of net assets;
• The organization shall be in a stable financial state and have a total net profit for the last 4 quarters;
• The share of overdue receivables from assets shall not be more than 5%;
• The share of overdue payables from assets shall not be more than 5%;
• A positive business reputation (no information about the poor credit history of the head, key participants / shareholders / beneficiaries or previously established enterprises in relation to credit organizations and / or the Fund, including due to bankruptcy / liquidation; significant claims against participants / shareholders / beneficiaries and other affiliated persons, etc.);
• The amount of claims shall not exceed 5% of assets.

BASIC CONDITIONS:

• The loan amount per borrower / group of related borrowers shall range from 5,000,000 to RUR 25,000,000;
• The MFIES share in the project financing shall not exceed 70% of all costs (not less than 30% of the borrower's own and credit funds);
• The loan term shall not exceed 5 years;
• The interest rate on the loan is 2% per annum;
• The enterprise activity period from the moment of registration shall be at least 36 months;
• The amount of the borrower's assets for the last quarter shall be at least RUR 10,000,000;
• The revenue for the past 4 quarters shall be at least RUR 25,000,000;
• The number of employees shall be at least 5;
• The share of income tax paid to the Moscow budget shall be more than 50% of the accrued income tax to the Moscow regional budget for the last quarter.
• The loan shall be provided as a non-cash transfer of the entire loan amount to the borrower's special account;
• Interest shall be accrued on the principal debt;
• The loan is repaid in equal shares, a delay in principal amount repayment of up to 6 months is possible, under a flexible schedule. Interest is repaid monthly.

LOAN PURPOSE:

• purchase of new equipment (up to 100% of the loan amount);
• replenishment of working capital (not more than 50% of MFIES financing) for the purpose of paying salaries, renting premises;
• purchase of industrial engineering services (no more than 10% of the loan amount);
• refinancing (not more than 70% of the principal debt balance of a loan received for the new equipment purchase);

LOAN SECURITY:

MANDATORY SECURITY OPTION 1:

Obligatory pledge of the borrower's and / or third parties’ property (real estate, equipment, motor vehicles) in the amount of at least 30% of the loan (discount from the market value less value added tax of at least 30%), or a bank guarantee in the amount of at least 30 % of the loan provided by credit institutions having a long-term issuer default rating in national currency on the international scale of at least two levels lower than the Russian Federation rating (Fitch Ratings, Standard & Poor's, Moody's Investors Service, ACRA);

Obligatory pledge of the borrower's and / or third parties’ immovable property for the amount of at least 50% of the loan (except for residential real estate and facilities under construction) (discount from market value less value added tax of at least 30%), or the regional and federal guarantee organizations’ sureties/guarantees in the amount of at least 50% of the loan (the Moscow Small Business Credit Assistance Fund, the Federal Corporation for Small and Medium-Sized Business Development) or an SME Bank guarantee for at least 50% of the loan;

The total collateral in the form of property pledge, bank guarantees, guarantee organizations’ sureties shall provide 100% of the principal loan amount.

Additional types of security:

Sureties of participants / shareholders / beneficiaries (with a total share in the authorized capital of more than 50%) for the full loan amount, if there are no participants / shareholders / beneficiaries’ sureties on the loan, the Fund has the right to refuse to grant a loan.

Sureties of individuals and / or legal entities.

MANDATORY SECURITY OPTION 2:

Obligatory pledge of the borrower's and / or third parties’ immovable property for the amount of at least 100% of the loan principal (except for residential real estate and facilities under construction)  (discount from market value less value added tax of at least 30%).Real estate insurance at collateral value by insurance companies having a long-term issuer default rating in national currency on the international scale not lower than the Russian Federation rating by more than two steps (Fitch Ratings, Standard & Poor's, Moody's Investors Service, ACRA).

Additional types of security:

Sureties of participants / shareholders / beneficiaries (with a total share in the authorized capital of more than 50%) for the full loan amount, if there are no participants / shareholders / beneficiaries’ sureties on the loan, the Fund has the right to refuse to grant a loan.

Sureties of individuals and / or legal entities.

The list of appraisal companies registered in Moscow is available on the website of the Industrial Development Fund.

• Location address and region of the borrower registration as a taxpayer (Moscow registration reason code);
• The entity shall not have arrears in taxes and fees, payments to the Pension Fund, salary (of more than RUR 50,000);
• A positive credit history from the credit bureau (credit history with no debts overdue for more than 30 days within principal amount of loan and % over the past 12 months), or no credit history;
• A positive balance of net assets;
• The organization shall be in a stable financial state and have a total net profit for the last 4 quarters;
• The share of overdue receivables from assets shall not be more than 5%;
• The share of overdue payables from assets shall not be more than 5%;
• A positive business reputation (no information about the poor credit history of the head, key participants / shareholders / beneficiaries or previously established enterprises in relation to credit organizations and / or the Fund, including as due to bankruptcy / liquidation; significant claims against participants / shareholders / beneficiaries and other affiliated persons, etc.);
• The amount of claims shall not exceed 5% of assets.

Project requirements (mandatory provision):

• Certificates of approval of the architectural and urban planning decision of the capital construction facility in Moscow, or
• a comprehensive improvement project coordinated by the Moscow Architecture and Urban Planning Committee, or
• facade color certificates for buildings and structures in Moscow issued by the Moscow Architecture and Urban Planning Committee.
• Cost of the estimate documentation expertise (assessment of cost indicators compliance with market values) performed by a specialized organization that meets the non-state expertise requirements of the Town Planning Code of the Russian Federation.

Mandatory requirements for a specialized organization:

• The organization shall have a valid accreditation certificate issued by the Federal Accreditation Service for the right to conduct a non-state expertise of project documentation and (or) a non-state expertise of engineering survey results;
• The organization shall be a member of a specialized self-regulatory organization (SRO).

Target values for project implementation monitoring during new equipment purchase

(If these values are not achieved in full, it shall not be the ground for the loan early repayment):

• The amount of private funds attracted for the project implementation in addition to the loan provided (all project financing sources, including company's own funds, attracted loans, investments of individuals, investors’ funds and other funds, and financing sources, except for the Fund Loan).

Basic conditions:

• The loan amount per borrower / group of related borrowers shall range from RUR 5,000,000 to 100,000,000;
• The MFIES share in the project financing shall not exceed 70% of all costs (with at least 30% of the borrower's own and credit funds);
• Loan term shall not exceed 3 years;
• The interest rate on the loan is 2% per annum;
• The period of activity of the enterprise from the moment of registration shall be at least 24 months;
• The amount of the borrower's assets for the last quarter shall be at least RUR 15,000,000;
• The revenue for the past 4 quarters shall be at least RUR 25,000,000;
• The number of employees shall be at least 10;
• The loan shall be provided as a non-cash transfer of the entire loan amount to the borrower's special account;
• Interest shall be accrued on the principal debt;
• The loan is repaid in equal shares. Interest is repaid monthly.

LOAN PURPOSE:

• Creation and construction of external improvement elements (fences, coatings, lighting, etc.) and / or repair, restoration of buildings and structures facades in Moscow (up to 100% of the loan amount).

LOAN SECURITY:

MANDATORY SECURITY OPTION 1:

• Obligatory pledge of the borrower's and / or third parties’ property (real estate, equipment, motor vehicles) in the amount of at least 30% of the loan (discount from the market value less value added tax of at least 30%), or a bank guarantee in the amount of at least 30 % of the loan provided by credit institutions having assets of at least RUR 1.5 tn and a long-term issuer default rating in national currency on the international scale of at least two levels lower than the Russian Federation rating (Fitch Ratings, Standard & Poor's, Moody's Investors Service, ACRA);
• Obligatory pledge of the borrower's and / or third parties’ immovable property for the amount of at least 50% of the loan (except for residential real estate and facilities under construction) (discount from market value less value added tax of at least 30%), or the regional and federal guarantee organizations’ guarantees in the amount of at least 50% of the loan (the Moscow Small Business Credit Assistance Fund, the Federal Corporation for Small and Medium-Sized Business Development) or an SME Bank guarantee for at least 50% of the loan, or a bank guarantee for at least 50% of the loan provided by credit organizations having assets of at least RUR 1.5 tn and a long-term issuer default rating in national currency on the international scale not lower than the Russian Federation rating by more than two steps (Fitch Ratings, Standard & Poor's, Moody's Investors Service, ACRA).
• The total collateral in the form of property pledge, bank guarantees, sureties/guarantees of regional and federal guarantee organizations shall provide 100% of the principal loan amount.

MANDATORY SECURITY OPTION 2:

• Obligatory pledge of the borrower's and / or third parties’ immovable property for the amount of at least 100% of the loan principal (except for residential real estate and facilities under construction) (discount from market value less value added tax of at least 30%), or an independent guarantee of the Federal Corporation for Small and Medium-Sized Business Development in the amount of at least 100% of the loan, or a bank guarantee in the amount of at least 100% of the loan provided by credit organizations having assets of not less than RUR 1.5 tn and a long-term issuer default rating in national currency on the international scale not lower than the Russian Federation rating by more than two steps (Fitch Ratings, Standard&Poor's, Moody's Investors Service, ACRA).Real estate insurance at collateral value by insurance companies having a long-term issuer default rating in national currency on the international scale not lower than the Russian Federation rating by more than two steps (Fitch Ratings, Standard & Poor's, Moody's Investors Service, ACRA).

Additional types of security:

• Sureties of participants / shareholders / beneficiaries (with a total share in the authorized capital of more than 50%) for the full loan amount and loan interest, if there are no participants / shareholders / beneficiaries’ sureties on the loan, the Fund has the right to refuse to grant a loan;
• sureties of individuals and / or legal entities for the full amount of the loan and loan interest. The list of appraisal companies registered in Moscow is available on the website of the Industrial Development Fund.