Fund will be created to pay initial installment for equipment purchase by entrepreneurs in Bashkiria

UFA, 14 March 2018. /Bashinform News Agency, Alim Faizov/. The Small Business Development and Support Fund of Bashkortostan Republic and the Regional Leasing Company (RLC) signed a Cooperation Agreement.

The signed agreement subject is cooperation on access of the republican small business to the product "Preferential Equipment Leasing for Small Business Subjects" under the preferential leasing program of JSC "SME" Corporation" implemented by the RLC. Thus, the Fund will advise small businesses on this RLC service and assist them in filling out of applications required for submission to the RLC.

The General Director of JSC Regional Leasing Company Azamat Asadullin said that the signed agreement was the first signed by the RLC with the development institutions of the republic.

"It is important that the Fund and the RLC actively interact with each other. It is even more important that these are two most powerful organizations supporting the entrepreneurship of the republic, which joint assets exceed 2.5 billion rubles. This is especially true in the period when the service model of providing state support to small and medium-sized businesses is actively introduced. Due to this procedure, an entrepreneur, addressing to one organization, receives full information about the support measures provided by all organizations of the business support infrastructure", said Vadim Utyashev, the first deputy chairman of the State Committee RB for Entrepreneurship and Tourism.

The joint-stock company "Regional Leasing Company of the Republic of Bashkortostan" was established in November 2017. The main activity of the RLC is support leasing services applying preferential interest rates for small business entities. The cost of the leased asset is from 5 million rubles to 200 million rubles for a period of up to 5 years.