Small business lending problems in Russia

The contribution of small and medium-sized businesses to the development of the Russian economy is significantly lower than in most of not only developed, but also developing countries. The main reason for the unsatisfactory dynamics in this sector is the lack of access to cheap, constantly renewable sources of financial resources, the complex mechanism of obtaining and the high cost of bank loans. Today, banks have begun to impose higher requirements on borrowers, introducing, in fact, protective barriers to lending to small businesses. It is necessary to develop and implement effective measures on the part of all participants in the credit process (government, credit institutions, borrowers) to ensure unhindered access of small businesses to credit resources.