OJSC “Guarantee Fund”, in connection with the situation with coronavirus, prolonged the terms of guarantees for 86 guarantee receivers

In connection with the current situation in the global and domestic economies caused by the COVID-19 pandemic, SMEs turned out to be the most vulnerable. Many of them are faced with objective difficulties due to the reduction of orders, and as a result, a decrease in revenue, and the problem of sustainable work and maintaining stability in fulfilling their obligations.

Taking into account the current economic situation, OJSC “Guarantee Fund”, in order to support SMEs – guarantee receivers, to date, has approved 86 client applications for restructuring and prolongation of guarantee periods.

OJSC “Guarantee Fund” will continue to support SMEs, as before. Every entrepreneur who finds himself in a difficult situation due to a pandemic can count on an individual approach.