OREANDA-NEWS. July 29, 2011. The Credit Moscow Bank (OJSC) and the Moscow regional small and middle-sized enterprise entities credit support guarantee fund concluded the Cooperation agreement on the guarantee program to the regional small and middle-sized companies, reported the press-centre of Credit Moscow Bank.

Following this agreement small business companies which are registered and operate within the Moscow region can get the Bank loan for the period up to five years guaranteed by the Moscow regional guarantee fund. Moreover one guarantee amount can not overdraw 50% of the Borrower liabilities scope.

The Moscow region government is the founder of the Fund. The main fund goal is to give support to small and middle sized business entities who implement perspective projects. The assistance is given through guarantees (in cash) for loans obtained at regional commercial banks.