MIL-OSI Russia: Express business valuation and financial recommendations: a new online service has been launched for entrepreneurs

MILES AXLE Translation. Region: Russian Federation –

Source: Moscow Government – Government of Moscow –

A useful online service has appeared for Moscow entrepreneurs, which will help them to quickly assess the main indicators of their company and find out how they affect its financial stability. It was developed and launched by the center for assistance with financing of the Moscow Guarantee Fund. The service is intended for representatives of small and medium businesses who are going to apply to a bank for a loan or factoring, receive a bank guarantee, open a letter of credit account or arrange leasing.

The service conducts pre-scoring — a study of indicators that banks take into account when working with applications from legal entities and individual entrepreneurs. Based on the assessment results, businessmen will receive an electronic report with recommendations on how to eliminate the identified problems.

It is very easy to use the service. An entrepreneur needs to go to the Moscow Guarantee Fund website in the “Business” section and select the option “Request scoring”. On the page that opens, you must specify what type of loan he needs, clarify the goals and amount of financing. Information about the company and its activities will be filled in automatically from analytical sources. If necessary, this information can be specified independently.

The application will take a few minutes to process. An electronic report will appear on the screen. It will list the main factors that affect the company’s financial stability. Among them are such parameters as industry risks, timely payment of taxes and wages, compliance with the rules for participation in procurement, and many others. The report can be downloaded and saved on your computer.

Based on the assessment results, the businessman will also be offered to learn about city support measures that his company may qualify for. The service will automatically compile a selection of grants and benefit programs for him. It will open in a new window.

In addition, entrepreneurs will be offered to ask questions to service specialists or leave a request for a guarantee from the Moscow Guarantee Fund. All these services can be completed online on the website. They are provided free of charge.

Financing Assistance Center Subordinate to the Moscow Guarantee Fund To the Department of Entrepreneurship and Innovative Development of the City of Moscow. It opened in the spring of 2022. The center introduces representatives of small and medium-sized businesses to preferential lending programs and other support measures provided by the capital. Entrepreneurs can receive professional advice on issues of obtaining loans, securing transactions with sureties, and selecting a suitable form of financing. Since the opening of the center, its specialists have processed over six thousand applications from entrepreneurs.

Information on current preferential financing programs, limits of these programs in banks and products Moscow Guarantee Fund can be obtained on weekdays from 09:00 to 18:00 by phone: 7 495 926-26-95.

Detailed information on the support measures that the city provides to entrepreneurs is available on the portal State Budgetary Institution “Small Business of Moscow”. There you can find useful online services for businessmen, choose a training seminar and read materials about current changes in legislation, financial literacy and ways to promote products.

Support for small and medium-sized businesses is provided within the framework of the national project “Small and medium-sized businesses and support for individual entrepreneurial initiatives”. You can find out more about this and other national projects being implemented in Moscow on the website.

Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

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