Financial Support

Microloan amount in Russian Rubles

100,000 rubles to 3,000,000 rubles

Microloan term (months)

Microloans are granted for the period of up to 36 months

Borrower

Small- and medium-sized businesses, including farm enterprises and agricultural consumer cooperatives defined in accordance with the federal legislation and registered in the territory of the Republic of Crimea for not less than three months

Microloan purpose

- replenishment of working capital; or
- replenishment of fixed capital

Obligatory conditions for microloan granting

- compliance of a small business with the criteria defined by the Russian Federation legislation;
- registration of a small business as a tax payer in the territory of the Republic of Crimea;
- no past-due debt in respect of taxes and other obligatory payments (including penalties, fines and other sanctions envisaged by the RF legislation) to the budgets and extra-budgetary funds;
- no insolvency (bankruptcy) procedures in respect of a prospective Borrower during the last two years (or a shorter period depending on the term of economic activity) prior to the date of the application for microloan to the Fund;
- no overdue liabilities of a small business under credit or loan agreements as at the date of the application to the Fund for a microloan and six months prior

Security

over RUB 200,000 - at least 100% security in the form of Pledged Assets

Surety

Surety of individuals is acceptable as a form of microloan security. Minimum one surety who is an individual; a husband/wife is permitted.

Usual response time for a microloan application from its receipt by a Fund specialist till its consideration by the Expert Board

10 (ten) days maximum

Microloan interest rate

Rate - 7 to 12% per annum

Form of a microloan

One-off payment

Microloan proper use monitoring

During 3 months

Repayment of a principal debt amount and interests under a microloan

On a case-by-case basis for each borrower based on its financial standing, planned profits and losses and other parameters of the Borrower's activities.

Penalty in case of any delay in monthly microloan and interests repayment

0.5% per day of the late payment

Microloan early repayment charge

NO

Criterion

Bank credit

Bank guarantee

Term of the secured obligation

6 months to 5 years

up to 2 years

Amount of the secured obligation

500,000 rubles or more

without limitations

Surety amount

up to 70% of the credit amount.

up to 70% of the guarantee amount - for small and medium businesses operating in the high-priority economic sectors;
up to 50% of the guarantee amount - for other support recipients.

Surety fee

1% per annum of the surety amount - for small and medium businesses operating in the high-priority economic sectors

0.5 % per annum of the surety amount - for small and medium businesses operating in the high-priority economic sectors

1.25 % per annum of the surety amount - for other support recipients

1 % per annum of the surety amount - for other support recipients

Fee payment procedure

One-time payment.
In the event the Fund surety is provided for more than 1 year, payment by installments is possible (paid period - a year or a remaining period of the surety validity).

One-time payment.

Surety commencement date

Surety validity period starts from the moment of its issue (a surety agreement conclusion) subject to the fee payment

Requirements for financial (bank) organization

Financial organization having passed a qualification process and concluded a cooperation agreement with the Fund

Educational courses

Workshops and trainings

Advisory support concerning

• "Fundamentals of Entrepreneurship".
• "Fundamentals of Business Planning".
• "1C Accounting".
• "Working with E-Platforms".
• "Corporate Legal Adviser. Legal Support and Claim-Related Work".
• "Online Entrepreneurship".

• "Building a Corporate Brand and Personal Brand of a Manager".
• "Taxation - General and Special Treatment, Peculiarities of Transition and Application".
• "Scheduled and Extraordinary Inspections by Regulatory Bodies".
• "Tax and Accounting Records. Tax News and Prospects".
• "Anti-Crisis Management".
• "Project Management", "Target Management" and "Time Management".
• "Financial Management".

• financial planning;
• marketing support for operations and business planning;
• legal support for operations;
• information and legal support for operations;
• staff recruitment;
• application of the labor legislation of the Russian Federation