Khabarovsk seed growers received preferential financing in the amount of 1.3 billion rubles 11:40

According to the company’s press service, the Sporos company in the Khabarovsk Territory opened three credit lines for the modernization of a breeding and seed facility in the SME Bank, a subsidiary bank of the SME Corporation, with a total volume of 1.3 billion rubles. The corresponding agreement was signed within the framework of the Eastern Economic Forum.

The company received financing under various preferential programs, including the subsidized credit program of the Russian Ministry of Agriculture. Thanks to the expansion of production and the commissioning of new lines, the company plans to increase its staff by 100 people and increase its annual revenue by 200%.

“Preferential loans are definitely one of the driving forces of the development of SME agricultural producers. The financing transaction of Sporos took place in several stages. Thanks to the digitalization of business processes between the Bank, the SME Agency and the Ministry of Agriculture, many stages of structuring the transaction were completed within a single package of documents, minimizing the number of additional questions received by the company. Thus, the loan was approved on the most favorable terms in a short time,” said Ivan Podbereznyak, Chairman of the Board of Directors of SME Bank.

The founder of Sporos, Denis Tsesarenko, who benefits from the cultivation and seed factory, also noted that market demand has increased significantly, so the company must increase production volumes and strictly adhere to seed shipment deadlines, as this is one of the key factors affecting the agricultural sector.

“Sporos” is a breeding and seed company specializing in the production of elite seeds of soybean, oat, barley and buckwheat. The Khabarovsk Territory has its own full-cycle seed plant, the largest in the Far East.