Loans for small business - illusion or reality?

Despite the Russian government steps in creating loyal conditions for small business, the situation remains rather ambiguous. On the one hand the creation of fund for lending to small businesses should help to resolve the situation, on the other - all the same impenetrable barrier of the significant difficulties, which results in an acute shortage of loan funds.

A series of targeted programs, which are widely advertised by banks-partners fund is attractive in the context - to take the credit, but in reality it turns out not so rosy. Why take out a loan for small business is not easy, but harder?

Problems with credit

The reasons for the small, and medium-sized businesses are reluctant to credit to financial institutions, known for a long time. Banks show:

• financial "opacity"
• simplified financial statements
• absence of liquid collateral, and more.

There is a paradoxical situation. On the one hand, measures are taken to facilitate the work of small business (discontinued complete accounting records, simplified financial statements, etc.), on the other hand, these measures are nothing more than a hindering element in obtaining the loan. Hence, to obtain unsecured credit express individual entrepreneur is much easier as an individual, rather than resorting to develop targeted programs.

Bids lacking - the demand is lagging behind?

Expert opinion on small business lending was divided into two opposite camps. The first half is inclined to consider this situation as a transitional phase, which completed creating the most loyal of credit conditions for small businesses. The second half are more skeptical, arguing that only 14% of businesses in today's resort to banks, although the demand for borrowed funds have more than 75%.

In this case both the first and second note that a lot of credit offers, and the demand is only satisfied by it only on 15%. What to do in this situation, a business owner? Express to issue credit as an individual or as quick to consider all the credit for business development? Despite the optimistic forecasts, analysts recognize that the individual entrepreneur to get a loan to an individual as a faster and easier than expected to process an application within a week and finally get a negative response.

Allies of small business

But desperate situations do not happen, so entrepreneurs are turning to organizations, professionals who help to get a loan, not just providing information on various products, and choosing the most appropriate bank proposal, subject to the requirements of: duration, method of repayment, interest rate and other indicators. And this is exactly the opportunity that will allow financial institutions to try and small businesses in their quest to find a compromise solution to enable small businesses to grow in full force.