Establishment of the first guarantee fund in Chukotka.
The main objective of guarantee funds is to assist SME entities in obtaining the necessary financing by providing guarantees for loan agreements, lease contracts, and bank guarantee agreements.
Guarantees of the Fund will secure fulfillment of obligations by the Borrower within 70% of the loan requirements of the bank to the borrower. The maximum amount of guarantees per one borrower will not exceed RUB 5 million. The Borrower's payment for the guarantee of the Fund is determined on an annual basis.
To receive the guarantee of the Fund, the Borrower shall apply for loan to the partner bank by himself. Partner banks will be determined on the tender basis.