OREANDA-NEWS. September 15, 2009. The Russian Bank for Development implementing the state-sponsored SME lending support program is continuing to finance SMEs through infrastructure organizations. Under this program RBD and the Belgorod Oblast’s SME Support Fund have signed a Credit facility agreement worth RUR 100 mln. with a 3-year maturity, reported the press-centre of RBD.

According to the agreement the allocated resources will be earmarked for small and mid-sized enterprises. The government guarantee of the Belgorod Oblast ensures performance of obligations.

Belgorod SME Support Fund was founded in 2003. The fund is among organizations that form infrastructure of the government support to SMEs in the Belgorod Oblast. Pursuant to the Decree of the Government of the Belgorod Oblast Belgorod SME Support Fund is one of the executing agencies and participants of the oblast’s program “Development and Government Support to Small Business in the Belgorod Oblast in 2007-2010”.