SME Bank, a subsidiary bank of the SME Corporation, has opened a credit line for ASauto in the amount of 10 million rubles for the purchase of equipment for servicing trucks. Financing was provided within the framework of the Program to stimulate lending to small and medium-sized enterprises with a guarantee of the SME Corporation in the amount of 10 million rubles. This was reported to “Lente.ru” in the press service of the corporation. The program was developed jointly by the Ministry of Economic Development of Russia, the Bank of Russia and the SME Corporation.
“Our company is actively increasing the number of completed projects. We attribute this to the fact that our production facilities allow us to adapt trucks to the needs of our customers with high quality, at affordable prices and within a strictly agreed time frame. New equipment will allow us to increase the volume of implemented projects, optimize production costs and ensure further sustainable development of production “, – noted the General Director of ASavto Albert Sagdiev.
The ASavto company sells on-board vehicles, truck tractors, dump trucks, scrap trucks, trailers and other equipment on the basis of the KAMAZ chassis. At the service of customers is also the revision of individual elements of vehicles, overhaul of trucks “KAMAZ”, “Ural” and “MAZ”. The range of the company includes more than 200 service options. Over 10 years of operation, the company has delivered more than 1,000 vehicles. The ready-made trucks of the “ASavto” company are delivered to all regions of Russia and exported to the CIS countries.
“The financial products of the SME Corporation allow SMEs to effectively raise funds on favorable terms for the implementation of a variety of projects. For example, with the help of the corporation’s guarantees within the framework of the Lending Incentive Program, an SME entity can obtain funds on favorable terms from credit institutions to carry out investment projects, replenishment of working capital or refinancing previously taken out loans. Various types of guarantee products of the Corporation make it possible to attract financing at an average rate of 3-4 percent lower than the market, “said Alexander Isaevich, General Director of the SME Corporation.
You can find out how to get support under the SME Lending Incentive Program on the official website of the SME Corporation. The main measures of the Corporation for financial support of SMEs are presented in its presentation.