Financial and credit mechanism of small business supporting Cover Image

Фінансово-кредитний механізм сприяння малому підприємництву
Financial and credit mechanism of small business supporting

Author(s): Оleh Kalmykov
Subject(s): Micro-Economics, Public Administration, Economic policy, Public Finances, Fiscal Politics / Budgeting
Published by: Переяслав-Хмельницький державний педагогічний університет імені Григорія Сковороди
Keywords: small business; credit and financial mechanism; financial mechanism; small business supporting

Summary/Abstract: The article is devoted to highlighting of some aspects of the problem of financial and credit mechanism of small businesssupporting. The factors that shape the financial and credit relations of small business with other structures are singled out init: taxation and control; budgetary and extra budgetary funds etc, several basic types of financial and credit supporting ofsmall business are identified, e.g.: schemes of credit guarantee, micro-crediting, venture capital funds and funds in directsupport of small business; problems in the financial and credit sphere for subjects of small business in Ukraine, including theabsence or insufficiency of property that can be taken as liquid collateral to guarantee the repayment of the loan;complicated procedure for obtaining a bank loan, long time for making decisions on granting loans; systemic need in smallloans for filling up of working capital of small businesses; factor that influences the financial security of SB as the use ofdifferent forms of public and private guarantee for returning of borrowed funds by business structures; the important area offinancial support is presented: promoting of small businesses participation in markets of joint stock capital, markets ofderivatives, forms and sources of financial support of SB development: guarantee funds of lending, leasing, credit unions,insurance companies and basic principles of financial-credit mechanism formation for small companies, in our opinion, are:consistency, complexity, sufficiency, diversification, validity, predictability, and transparency.

  • Issue Year: 1/2015
  • Issue No: 27
  • Page Range: 173-178
  • Page Count: 6
  • Language: Ukrainian