Financing Of Small Business To Ensure The Economic Security Of The State


In the modern world, almost all countries are faced with the problem of a decline in economic growth or a drop in production. The Russian economy is no exception. Due to its raw materials orientation and a decrease in the consumption of energy resources in the world, the possibilities for ensuring economic growth have been exhausted. It is necessary to switch to an innovative model of the economy, in which the production of high-tech final products should dominate over the extraction of minerals. Small and medium-sized businesses can make a significant contribution to solving this problem. The crisis is a chance and an impetus for development, it forcing to transit to innovations and saving resources as much as possible. The article analyzes the problems of small and medium-sized businesses from the point of view of financial support for their activities. The features and limitations in lending to small businesses in today’s economic conditions have been analyzed. One of the problems is the lack of generally accepted methods for assessing the creditworthiness of small businesses and insufficient information support of this process. The article proposes a new approach to assessing the creditworthiness of small businesses, which is based on the method of “empirical analysis”, which allows the most complete and accurate assessment of the level of creditworthiness of small businesses and associated banking risks. The technique of solving the problem of assessing the creditworthiness of small enterprises is described.

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