The Agency of Credit Guarantees selects investment projects of Altai Krai
On 16 March 2015 an Agreement of cooperation between the Administration of Altai Krai and the public limited company "Non-bank deposit-credit organization "The Agency of Credit Guarantees" was signed in Moscow.
As part of this agreement, the Agency selects priority investment projects of Altai Krai implemented by small and medium-sized enterprises with the aim of providing direct guarantees for bank credits.
These projects must conform to requirements of the Federal Law of 24.07.2007 № 209-FZ "On the development of small and medium enterprises in the Russian Federation". The volume of investment, which is required for the project, should not be less than 200 million rubles.
Borrower requirements (the agency's client)
1. The borrower must be registered and carry on business in the territory of the Russian Federation;
2. The borrower mustn’t carry on business in the gambling industry, production and sale of excisable goods, mining operations;
3. The number of employees does not exceed 250 persons;
4. The annual revenue does not exceed 1 billion rubles;
5. The purpose of the credit should be of an investment nature: purchase, creation, modernization of fixed assets, reconstruction or maintenance, and innovation;
6. In the process of crediting trade enterprise, credit should be directed to non-trading investment objectives.
General guarantees conditions:
1. The guarantee term - less than 15 years + 120 days;
2. The guarantee amount - to 50% of the credit amount;
3. The cost of providing guarantees (reward) - 1.25% per annum for the entire term of the guarantee;
4. Provided obligation - credit agreements and other credit-related instruments;
5. Currency of credit and guarantees - Russian rubles;
6. The liability of a guarantor becomes due 90 days after credit delinquency;
7. Participation of the Agency may be requested at any stage of the credit transaction.
You can get more information including a list of documents required for consideration of the guarantee on the official website of the Agency: www.acgrf.ru/.
The authorized body of Altai Krai on the interaction with the Agency – the Department of Altai Krai in business development and market infrastructure.