SME Bank, a subsidiary bank of the SME Corporation, has opened a credit line for Tourist Company Karelia-Tour in the amount of 9.1 million rubles for the purchase of a bus. The 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 9.1 million rubles, the Corporation said.
“In the summer tourist season 2020, the Republic of Karelia has become one of the most popular destinations. To service the increasing tourist flow, we needed an additional comfortable bus for excursions. Financial support allowed us to quickly expand the bus fleet, save our funds and direct them to the development of the company”, – noted Alexander Korolev, General Director of the Tourist Company Karelia Tour.
“Karelia Tour” is a part of the “Rodina” travel holding. The company organizes tours to Karelia from 45 cities of the Russian Federation, as well as from Belarus. As part of the travel holding, the company organizes trips to the regions of Russia, to countries of near and far abroad.
“One of the most important tasks of the SME Corporation is to provide entrepreneurs with affordable financial resources. The lending incentive program implemented by the SME Corporation jointly with the Bank of Russia allows companies to receive financing on favorable terms and successfully implement investment projects, refinance previously taken loans or replenish the volume of working Over the 5 years of the Program’s existence, thanks to the Corporation’s guarantees, SMEs were able to attract financing in the amount of 244.6 billion rubles, “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 the presentation.