The industrial development Fund (IDF) has launched a new current program of concessional financing to COMBAT EPIDEMIC DISEASES. A loan of up to 500 million rubles for 2 years at 1% per annum can be obtained by companies that produce equipment and products for the detection, prevention and treatment of epidemic diseases, as well as those that produce personal protective equipment, medicines and medical devices. The uniqueness of this program is that there are no requirements for securing a loan, as in other programs of preferential financing of the Federal loan Fund. State corporations and PAO do not require collateral. For financially stable companies, only the guarantee of the beneficiary and the CEO is required (no other security is required). Financial stability is determined by a simple formula. The application review period has been shortened to a few days.
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