In «Sberbank» SB JSC a new banking product on lending to small and medium-sized enterprises was approved «Loan guarantee under the 1st direction of the Program «BRM — 2020».
The purpose of lending under guarantee program is investments on modernization and expansion of production, as replenishment of working capital.
The program allows receiving loan of up to 20 million tenge guarantee of no more than 70% of the loan amount. For loans up to 60 mln, and up to 4.5 billion tenge businesses can get a guarantee not exceeding 50% of the loan amount.
It should be noted that the guarantee is available only for new loans. Participation of own funds: at least 10% of the total cost of the project implementation, prepared in the form of money or movable or immovable property shall not be less than 20% of the cost of the project. Cost of the guarantee in the amount of 1% of the guarantee amount (paid by Owner) until the conclusion of the contract.