To the question about the efficiency of financing small enterprises

The advantages of small enterprises, determined by a timely response and adaptation to changing economic conditions, by a narrow specialization, which, as a rule, does not require large organizational costs and investments, make it possible to consider this sector of the economy as a stimulator of economic growth. However, the financial difficulties that one has to face when organizing a small business, especially at the initial stage of its development, can make an entrepreneur abandon his business idea. Therefore, the problem of financial support becomes a key problem for small businesses, on the solution of which the establishment and development of an enterprise depends. The article deals with the issues of financing small enterprises as one of the aspects of supporting small and medium-sized businesses. Bank loans are the main sources of financing for the SME sector. Analysis of statistical data published by official sources shows that banks’ positions on the SME lending market are strengthening, but such restraining negative factors, such as high interest rates, short repayment terms, and high collateral requirements, still remain.