Altai Microloans Fund
The non-profit organization "Altai Microloans Fund" was established with the aim of providing access to financial resources for micro and small business entities directed to entrepreneurial purposes (creation and development of own business, replenishment of working capital, purchase of equipment and other purposes related to the implementation of entrepreneurial activities).
Microloans of the Fund are provided to individual entrepreneurs and legal entities that meet the criteria of a small and medium-sized business entity, fixed by federal legislation, and certain conditions (absence of overdue debts on tax and other mandatory payments to budgets, overdue obligations under loan agreements, etc.).
The rate for the use of microloans with short-term loans for small businesses of priority activities does not exceed 8.5 percent per annum. At the same time, the maximum amount of borrowed funds can be 3 million rubles with a repayment period of up to 3 years.
The existing federal network of the Altai Microloans Fund’s subdivisions in 14 districts and towns of the region provides an opportunity for many entrepreneurs to quickly obtain additional finance without spending time on trips and approvals.