MILES AXLE Translation. Region: Russian Federation –
Source: Moscow Government – Government of Moscow –
Moscow entrepreneurs help to establish life in new territories of Russia by restoring industrial and infrastructure facilities. Thus, a Moscow engineering company is carrying out major repairs at one of the largest energy-generating enterprises in Donbass under a state contract. The mechanism of guarantee support for small and medium-sized enterprises is used to finance these works.
The company has 20 years of experience in implementing projects of varying levels of complexity. Its specialists build, reconstruct, repair and modernize structures and facilities throughout Russia. The enterprise has a powerful design and production base and uses modern technologies.
The Moscow Guarantee Fund provided a guarantee in the amount of 52.5 million rubles (70 percent of the bank guarantee amount) for the return of an advance payment under a government contract for the execution of major repairs of an important energy facility.
The fund helps enterprises in various industries obtain financing and solve the problem of a lack of their own collateral by providing guarantees for loans, bank guarantees, letters of credit, leasing and factoring in the amount of up to 70 percent of the transaction amount, but not more than 100 million rubles.
The Moscow Guarantee Fund was established by the Government of Moscow and is subordinate to the capital Department of Entrepreneurship and Innovative Development. During its operation, the fund has issued more than 20 thousand guarantees, under which small and medium-sized businesses received financing in the amount of over 370 billion rubles.
Support for entrepreneurs is provided within the framework of the national project “Small and medium entrepreneurship and support for individual entrepreneurial initiatives”. More information about this and other national projects implemented in Moscow can be found on a special page.
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.