Main Conditions of Loan Support for Small Businesses and Improvement of the Legal Basis for its Regulation
Abstract
The article discusses the elements of financial and credit support for small businesses, highlights the main conditions for their credit support. It is noted that the task of improving credit support is to solve the problem that financial reporting has begun to play the role of a unified information system that evaluates and transmits financial information about the object to anyone who needs it. A proposal is made on the need for a widespread study of the opinion of recipients of a credit resource, through which it will be possible to identify ways to unify it. Further, as methods for improving credit support for small businesses, it is necessary to decipher in more detail the costs of production and directions for using profits, to include in the financial statements the amounts of overdue receivables and payables, to describe in more detail the use of special purpose funds and explain the reasons for the loss in order to develop specific proposals for credit support for small businesses.
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