International Practical Conference «Russian Financial Market» International Practical Conference «Russian Financial Market»
SMALL AND MEDIUM BUSINESS AS THE BASE OF THE STABLE CIVIL SOCIETY
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News

12/07/2007

"Foundation for the small business lending" will be created in St. Petersburg

Meeting-seminar on the problems and development of small business lending in the Northern capital, will be held today at the Smolny. The event will provide details of the new set up in St. Petersburg Foundation for SME lending. " As noted in the city, despite the fact that recently the number of loans increases, the majority of small businesses there are problems with the possibility of credit.

Main problem - it is the lack of collateral for loans in full. Planned that the Fund facilitate the lending of small businesses "would develop a system to guarantee loans, loans, and leasing of small businesses.

At today's seminar will also explain about Moscow's experience of lending to small businesses.

Source: Echo Moskvy

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