1. SMALL BUSINESS SUPPORT PROGRAM
IN ST. PETERSBURG
Fund for Small Business Credit Assistance
St. Petersburg
2012

2. Nonprofit organization
«Fund for Small Business Credit Assistance»
Founder:
St. Petersburg
Asset formation:
• Budget of St. Petersburg
• Federal budget
Characteristics:
• Date of foundation: October 29, 2007
• Fund assets as of 11.04.2012 – 2.3 bln. RUB
• Total limit of guarantees: 4 bln. RUB
• Terms of operation: unlimited

3. Aims and objectives
Aims:
Development of credit granting system for small businesses in
St. Petersburg
Major types of activity:
• Credit guarantees for SMEs
• Microloans for SMEs

4. Partner banks (37)
• North-West Bank of Sberbank of Russia (JSC) • Joint Stock Commercial Bank«Baltic
• JSC «Promsvyazbank» Development Bank» (CJSC)
• JSC «Baltinvestbank» • CJSC Commercial Bank «Miraf Bank»
• Bank VTB 24 (CJSC) • Joint Stock Commercial Bank «Lanta Bank»
• JSC «Bank St. Petersburg» (CJSC)
• «Nomos bank» (CJSC) • JSC “Russ Bank»
• JSC «Petersburg Social Commercial Bank» • JSC "АК BARS" Bank
• CJSC «Globexbank» • JSC Bank “Otkritie”
• JSC «Bank of Khanty-Mansiysk» • JSC “RosDorBank”
• CJSC Commercial Bank «TETRAPOLIS» • JSC СКБ “Primsotsbank”
• Joint Stock Commercial Bank «Rosbank» • JSC " Joint Stock Investment Commercial
(JSC) Bank “Tatfondbank”
• JSC «National Trade Bank» • JSC Commercial Bank “SEVERGAZBANK”
• ООО «PromServiceBank» • JSC Bank “United capital”
• Joint Stock Commercial Bank «Bank of • LLC Commercial Bank «Ogni Moskvy»
Moscow» (JSC) • JSC Commercial Bank «Ellips bank»
• Joint Stock Commercial Bank «Credit- • JSC «Nevsky bank»
Moscow» (JSC) • АКБ «Investbank» (JSC)
• JSC «Alpha Bank» • JSC «MDM bank»
• Bank «Prime Finance» (JSC) • JSC «Metcombank»
• JSC «Bank «АLEXANDROVSKY» • JSC «Energomashbank»
• Bank «Vozrozhdenie» (JSC)

5. Procedure of credit granting under
the Fund’s guarantee
Small business entity applies to the Bank for a credit under the
Fund’s guarantee
Bank approves a credit and applies to the Fund for guarantee
issuance
Parties conclude a trilateral guarantee agreement and small business
entity pays a fee to the Fund
Bank grants credit under the Fund’s guarantee

6. Volume of guarantees
Maximum volume of Fund’s guarantee can not exceed 50% of
the credit sum and credit interest for 3 months
Volume of guarantees per one borrower no more than:
- 20 mln. RUB for small manufacturing,
science and technology, and innovative businesses;
- 15 mln. RUB for all other types of activities.

7. Guarantees: granting conditions
• Registration on the territory of St. Petersburg
• Issuance – on credit agreements concluded for a period of at
least 3 months
• At least 3 months of business activity
• No breaches of previously concluded credit agreements 6
months prior to the Fund's guarantee application
• No bankruptcy proceedings 2 years prior to the Fund’s
guarantee application
• Credit guarantee provided in the amount of:
– No less than 30% - for science and
technology, innovative, manufacturing, construction, transp
ort and service enterprises
– No less than 50% - for other types of small businesses

8. Advantages of working with the Fund
• Possibility to receive a credit while lacking sufficient liquid
collateral
• Simplified guarantee granting procedure – 3-day application
review period
• Fund’s guarantee has been granted the status of the II quality
class of cover funds by the Bank of Russia
• Compliance of the Fund’s guarantee granting criteria with the
banks’ credit granting criteria
• No need to collect documents to receive the Fund’s guarantee
• Guarantee granting decisions are made quickly
• Fee rate for the Fund’s guarantee is significantly lower than
bank guarantee - 1.75% per annum (of the volume of guarantee)

9. Results of a credit guarantee program
as of 11.04.2012
Since the beginning of operations 1,51З bank applications for guarantee have
been received. The Fund turned down 72 applications due to borrower’s
noncompliance with guarantee eligibility requirements. 77 applications have not been
processed on the bank’s or borrower’s initiative.
Number of concluded guarantee agreements
• In 2012 – 148
• Since the beginning of operations – 1,363
Volume of granted guarantees
• In 2012 – more than 514 mln. RUB
• Since the beginning of operations – 4,462 mln. RUB
The Fund has fulfilled its obligations to the Banks for 38 borrowers and paid
100.8 mln. RUB on concluded guarantee agreements.

10. Microfinancing program
Second type of services provided by the Fund:
Microloans granted under simplified review procedure to
the amount of up to 1,000,000 RUB at
10% interest per annum for a 12-month period

11. Microfinancing program
• Loan amount: 50,000 – 1,000,000 RUB
• Maturity: 3 to 12 months
• Interest rate: 10 % per annum
• Loans are repaid in equal monthly installments with
interest accrued on actual debt outstanding
• Means of loan guarantee:
 Loans up to 100 thousand – guarantee
 Loans over 100 thousand – guarantee and collateral

12. Fund’s microloan
• Loan sum - 1,000,000 RUB
• Loan maturity – 12 months
• Interest rate – 10 % per annum
• Overpayment for 12 months – 54,990 RUB
• Loan cost – 5.5 %

13. Conditions of microloan granting
• Registration on the territory of St. Petersburg
• Small business status
• At least 3 months of business activity
• Positive financial result
• No pending tax liabilities and loan delinquencies

14. Results of a microfinancing program
as of 11.04.2012
Since the beginning of the program 2,626 requests
and 346 applications have been received.
Number of loans provided
• In 2012 – 38
• Since the beginning of the program - 210
Volume of loans provided
• In 2012 – 20,629.00 thousand RUB
• Since the beginning of the program – 100,044.00 thousand RUB

15. Contact information
46 Mayakovkogo Street
Теl: +7 (812) 576-25-75,
273-54-25, 273-70-24
Fax: +7 (812) 273-49-55
E-mail: credit-fond@bk.ru
www.credit-fond.ru