OREANDA-NEWS. January 12, 2011. The Russian Bank for Development implementing the SME Lending Support Program has signed a loan facility agreement with leasing company UralBusinessLeasing Ltd. (The Udmurtia Republic, Izhevsk). Within the framework of the Development credit product the Bank has extended a credit line worth RUR 92 million with a five-year maturity for purchasing state-of-the-art fixed assets for modernization and expansion of production facilities by SMEs.

UralBusinessLeasing Ltd intends to provide items of leasing to SMEs in the Republics of Tatarstan, Udmurtia and Bashkiria, the Perm Kray and the Kirov Oblast.

SMEs that obtain support from UralBusinessLeasing Ltd via leasing arrangements are engaged in agriculture, cargo and passenger transportation and retail business. Moreover the funds will be provided to entrepreneurs involved in production, services and municipal housing economy.