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Moscow business was more likely to take loans under the guarantee of the city

Capital entrepreneurs has received more than eight billion loans guarantee support, 16% more than in the same period of 2019, according to the official portal of the mayor and government capital.

"For five months 2020 capital entrepreneurs have received Bank financing for a total amount of 8.8 billion rubles through Fund of assistance to crediting of small business of Moscow (PSMBM). The guarantee Fund will cover up to 70% of the credit", - stated in the message.

As noted by the head of the Department of entrepreneurship and innovative development Alexey Fursin, whose words are given on the website, the figure is 16% more than last year, then the business has attracted 7.6 billion rubles. According to him, the guarantee Fund in the crisis, allows banks to minimize the risks.

"The average amount of the guarantee Fund is gradually increasing. Today it is about 19 million rubles. The current guarantee portfolio amounts to 21 billion rubles. It covers the debt clients in the amount of 42 billion rubles," - added to website the words of Executive Director of Fund of assistance to crediting of small business of Moscow Anton Kuprinov.