The State Fund for Support and Guarantees for Entrepreneurship of the Nenets Autonomous Okrug has reduced the interest rate for the Start microloan.
Under the updated conditions, novice entrepreneurs with a period of activity of at least 3 months and registered for a maximum of 12 months can receive funds at a reduced rate until the end of October 2023.
– We have reduced the microcredit rate to 3% when pledging property. Under the guarantee, the lending rate will be 6%. Let me remind you that the amount of a microcredit varies from 100,000 to 1 million rubles. You can receive money for up to 24 months,” said Olga Sukhikh, director of the Entrepreneurship Support Fund.
The “Start” microcredit is granted for replenishing working capital, including the purchase of raw materials and semi-finished products for production, restocking, spare parts and materials for the repair of equipment, the purchase of various equipment, business equipment, refurbishment of premises, education and payment of transport costs.
As reported by the portal of state bodies of the Nenets Autonomous Okrug, the Fund operates on the basis of the My Business Center of the Nenets Autonomous Okrug, which operates within the framework of the implementation of the national project “Small and medium-sized enterprises and support for individual entrepreneurial initiatives”, initiated by the President of the Russian Federation.
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