Authors:
Inna Shor
1
;
Dildarakhon Shelestova
1
and
Lyubov Galamyan
2
Affiliations:
1
Volgograd State University, 100 Prospeсt Universitetsky, Volgograd, Russia, Russian Federation
;
2
Russian Presidential Academy of National Economy and Public Administration, 84 Prospect Vernadskogo, Moscow, Russia, Russian Federation
Keyword(s):
Financial Support, Sustainable Development, Small and Medium-Sized Businesses, Regions, Government Support, Coronavirus Pandemic
Abstract:
The sustainable development of small and medium-sized businesses in the regions of the Russian Federation
is largely related to the volume and quality of their financial support. At the same time, the state, banks,
microfinance organizations, factoring and leasing companies and crowdfunding platforms play an important
role in the formation of financial support for small and medium-sized businesses. Currently, due to the
coronavirus pandemic, issues related to the improvement of banking and non-banking forms of financial
support for small and medium-sized businesses in the regions, as well as state support for their sustainable
development, have become topical. These circumstances predetermined the goal of our research, related to
the analysis of the current situation and identification of problems and directions for the development of
financial support for small and medium-sized businesses in the regions of the Russian Federation. To achieve
this goal, we reviewed the applie
d and theoretical works of modern authors, which were devoted to the
financial support of small and medium-sized businesses. Moreover, we used the following scientific methods:
systematic approach, generalization, analysis, synthesis, comparison and expert assessments. As a result of
the study, urgent problems of financial support of small and medium-sized businesses through bank loans,
microfinance, factoring, leasing and crowdfunding were identified, which made it possible to draw
conclusions about the need for these entities to take into account the diversity of funding sources, their
advantages and disadvantages, as well as development potential, taking into account the modern economic
conditions. This served as the basis for the development of measures to improve the current legislation of the
Russian Federation, which regulates the financial support of small and medium-sized businesses, and state
support for the sustainable development of these entities.
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