Entrepreneurs of Sevastopol can take advantage of the guarantee of the Guarantee Fund

The Guarantee Fund for Support of Small and Medium Enterprises of Sevastopol operates on the basis of the “My Business” center and since 2014 has provided support to businesses at the stage of implementation and management of projects, and also helps in crisis situations. Such support is possible in the region within the framework of the national project “Small and Medium Enterprises”.

By providing support in the form of guarantees, a business can attract borrowed funds with minimal financial and time costs. In addition, the mechanism for providing guarantees itself is convenient in that there is no need to collect additional documents for the fund. The fund reviews the application within three days, the entrepreneur saves on insurance of the collateral and the costs of its registration– the press service of the Government of Sevastopol quotes the director of the economic development department Denis Profatilov.

Over the entire period of its operation, the fund has issued guarantees in the amount of over 2 billion rubles, which allowed entrepreneurs to attract more than 6 billion for business development. Funds were mainly directed to such industries as manufacturing — 31.85%, wholesale trade — 24.35%, construction – 10%, agriculture – 8.3%, public catering – 7%, retail trade – 5.5%.

Warranty support is a convenient tool in doing business, as well as at the startup stage, where large financial investments are often required. Since the fund takes on part of the obligations, the process of obtaining funds becomes much simpler.

You can find out more about support at website or by phone number +7 (978) 938-14-39.

source: press service of the Government of Sevastopol