Small business financing in the light of recession – the case of the U.S. Cover Image

Finansowanie amerykańskiego small businessu w dobie kryzysu finansowego
Small business financing in the light of recession – the case of the U.S.

Author(s): Robert Rumiński
Subject(s): Business Economy / Management, Economic development, Financial Markets
Published by: Wydawnictwo Naukowe Uniwersytetu Szczecińskiego

Summary/Abstract: There are over 20 million small businesses in the United States. Enterprises of this size are dominant in well developed and developing free market economies and largely contribute to the GDP creation. They actively take part in shaping markets, lower the level of unemployment and contribute to the high level of competition. One of the key elements that contribute to the development of small businesses is their access to financing. This article is devoted to the issues of the American small business development with special emphasis on the current problems faced by entrepreneurs in the light of the financial crisis. Conducting business activity with uncertainty and exceptionally high risk due to the economic downturn resulting from the recession has not been easy. The structure of the financial market for small business is presented. Moreover, the policy towards small business sector in the United States is discussed.

  • Issue Year: 2011
  • Issue No: 18
  • Page Range: 9-16
  • Page Count: 8
  • Language: Polish