Factoring as an alternative source of funding small and medium-sized enterprises

The article considers the problem of development of factoring in Russia as an alternative source of funding small and medium-sized enterprises apart from bank lending. The factoring advantages are defined. The article analyzes dynamics in the small and medium-sized enterprises lending market, dynamics in the small and medium-sized enterprises factoring market and the change in its customer base for the period of 2013-2015. Promising factoring transactions are considered. Problematic aspects of factoring market development in Russia are defined.