The Tomsk Region Guarantee Fund Helps Business Receive Loans For Almost 1 Bln Rubles
In the first nine months of 2020, the Guarantee Fund of the Tomsk Region has issued 51 guarantees amounting to 262.6 mln rubles, against which entrepreneurs received banking loans of 968.4 mln rubles.
For reference, in a similar period of 2019, the Guarantee fund issued 35 guarantees amounting to 188.2 mln rubles, against which Tomsk businesses received almost 550 mln. rubles from banks.
In 2019 net profit of the Guarantee Fund of the Tomsk Region amounted to 26.789 mln. rubles. The guarantee capital of the fund is 415.5 mln. rubles.
It will be remembered that the guarantee fund issues guarantee for small and medium-sized enterprises to apply for loans in banks. The target of such a loan can be working capital financing, as well as investments.