Investments in corporate bonds as an alternative to bank lending to small and medium-sized businesses

Ushanov Alexander

One of the problems of the development of the market segment "small and medium-sized enterprises" is the weak availability of Bank credit resources. The actual absence of alternative financial sources for SMEs to Bank lending creates serious risks for the economy. The national project "SMEs and support of individual entrepreneurial initiative", the Roadmap of the Bank of Russia for the development of SME financing, the creation of the exchange segment "Growth Sector" on the Moscow exchange, guarantees and sureties of the SME Corporation should implement an effective mechanism to stimulate the entry of SMEs into the stock market. At the same time, there remains a set of unresolved problems hindering the achievement of this goal. In order to overcome them, the article proposes a number of additional measures for the successful implementation of the conditions created for SMEs to enter the corporate bond market.

Keywords:small and medium enterprises, stock market, corporate bonds, Bank lending