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GUARANTEE SUPPORT

MOSCOW SMALL BUSINESS CREDIT ASSISTANCE FUND

The Moscow Small Business Credit Assistance Fund (Moscow Guarantee Fund) was established by the Moscow Government in 2006 as a state support instrument for small and medium-sized business representatives and operates under the authority of the Moscow Department of Entrepreneurship and Innovation Policy.

The Fund helps to solve the problem of small and medium-sized businesses that do not have own collateral, through providing collateral on loans, bank guarantees, letters of credit, leasing and factoring.

The Moscow Small Business Credit Assistance Fund is part of the National Guarantee System.

More about the Fund

GUARANTEE ON LOAN

‣ INTEREST RATE 0,75 % PER ANNUM

The Fund provides support to small and medium-sized business representatives (IP, OOO) that:

  • are registered in Moscow
  • have no arrears in taxes, fees, penalties and fines
  • are not undergoing reorganization, bankruptcy or liquidation procedures
  • are not involved in the production, extraction and/or sale of excisable goods and minerals (with the exception of common products)

The interest rate of the guarantee on loans is 0.75% per annum of the guarantee amount provided.

LIST OF DOCUMENTS TО READ

On December 14, 2018, the Fund Council approved the new Regulation on the provision of guarantee under loan agreements. It entered into force on 01.01.2019.

BANK COMFORT LETTER

‣ INTEREST RATE 0,75 % PER ANNUM

The Fund provides support to small and medium-sized businesses (IP, OOO) that:

  • are registered in Moscow
  • have no arrears in taxes, fees, penalties and fines
  • are not undergoing reorganization, bankruptcy or liquidation procedures
  • are not involved in the production, extraction and/or sale of excisable goods and minerals (with the exception of common products)

The interest rate of the bank comfort letter is 0.75% per annum of the guarantee amount provided.

LIST OF DOCUMENTS TО READ

On December 14, 2019, the Fund Council approved the new Regulation on the provision of bank comfort letter. It entered into force on 01.01.2019.

GUARANTEE ON LEASING

‣ INTEREST RATE FROM 0,5 TO 1 % PER ANNUM

The Fund provides support to small and medium-sized businesses (IP(IP, OOO) that:

  • are registered in Moscow
  • have no arrears in taxes, fees, penalties and fines
  • are not undergoing reorganization, bankruptcy or liquidation procedures
  • are not involved in the production, extraction and/or sale of excisable goods and minerals (with the exception of common products)

Guarantee on leasing 

Term of the leasing agreement

Remuneration amount (% per annum)

up to 2 years (inclusive)

1%

over 2 to 4 years (inclusive)

0,75%

over 4 years

0,5%

LIST OF DOCUMENTS TО READ

On December 14, 2018, the Fund Council approved the new Regulation on the provision of guarantee under leasing agreements. It entered into force on 01.01.2019.

GUARANTEE ON FACTORING

‣ INTEREST RATE 0,5 % PER ANNUM

The Fund provides support to small and medium-sized business representatives (IP, OOO) that are registered in Moscow:

  • have no arrears in taxes, fees, penalties and fines
  • are not undergoing reorganization, bankruptcy or liquidation procedures
  • are not involved in the production, extraction and/or sale of excisable goods and minerals (with the exception of common products)

The interest rate of the guarantee on factoring is 0.5 % per annum of the guarantee amount provided.

LIST OF DOCUMENTS TО READ

On December 14, 2018, the Fund Council approved the new Regulation on the provision of guarantee under factoring agreements. It entered into force on 01.01.2019.

GUARANTEE ON LETTER OF CREDIT

‣ INTEREST RATE 0,75 % PER ANNUM

The Fund provides support to small and medium-sized business representatives (IP, OOO) that:

  • are registered in Moscow
  • have no arrears in taxes, fees, penalties and fines
  • have no arrears in taxes, fees, penalties and fines
  • are not involved in the production, extraction and/or sale of excisable goods and minerals (with the exception of common products)

The interest rate of the guarantee on letter of credit is 0.75% per annum of the guarantee amount provided.

LIST OF DOCUMENTS TО READ

On December 22, 2018, the Fund Council approved the new Regulation on the provision of guarantee on letter of credit. It entered into force on 22.11.2018.

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