On the issue of availability of credit resources for small and medium-sized businesses

Ushanov Alexander

The phenomena of stagnation in the segment of small and medium-sized businesses observed in the Russian economy in recent years determine the importance of supporting the development of the sector at the legislative level, as well as improving the mechanism of access of SMEs to borrowed credit resources of banks. State regulation and support for small and medium-sized businesses, in particular, the program of subsidizing Bank rates, has not yet earned one hundred percent, first, because of the difficulty for banks with a basic license to build sustainable models of lending to small businesses, and secondly, due to the lack of development of the SME sector as a result of a number of constraints. In order to overcome the problems, the article suggests a number of corrective measures both in terms of improving legislation in this area and in relation to the practice of lending by banks to SMEs.

Keywords:small and medium-sized businesses, government regulation and support, interest rate subsidies, SME lending mechanism.