THE KEY BASIS OF THE FINANCIAL SECURITY MECHANISM REPRESENTATIVES OF SMALL BUSINESSES

Abstract

The purpose of the work is to study the importance of the appropriate level of financing of the small business sector, as an integral component of the market economy, which provides solutions to a number of urgent needs of society, the determination of priority financial programs for their financing in conditions of military aggression. Methodology. The theoretical and methodological basis of the research is general scientific and special methods. Scientific knowledge: generalization, analogy, analysis and synthesis, induction and deduction (for clarifying the conceptual apparatus, theoretical generalizations of research results, conclusions and proposals); an economic-statistical, tabular research method is used. Theoretical and methodological approaches to the development of farms and cooperatives are substantiated. The understanding of the essence of small business is revealed and the economic and legal aspects of the development of the agrarian sector of the economy are analyzed based on a combination of economic and financial interests, the need to adapt to changes in the business environment, production technologies, as well as in the needs of buyers, because they saturate the market with goods and services, diversify the labor market with new jobs, ensure economic competition – the basis of the functioning of the market mechanism. Results. The understanding of the essence of small business is revealed and the economic and legal aspects of the development of the agrarian sector of the economy are analyzed based on a combination of economic and financial interests, the need to adapt to changes in the business environment, production technologies, as well as in the needs of buyers, because they saturate the market with goods and services, diversify the labor market with new jobs, ensure economic competition – the basis of the functioning of the market mechanism. An analytical assessment of the types of financial security showed that the involvement of various types of financial resources will improve the opportunity to gain competitive positions in the market of various financial products. Practical consequences. According to the results of the research, the priority directions for improvement were determined. An important component and leading direction of the credit policy in agriculture should be the creation of a preferential lending mechanism for agricultural producers. We also need a guarantee from the state in the provision by banks of interest-free and deferred payment targeted loans for the modernization and expansion of the material and technical base of agricultural production, the introduction of new technologies, the creation of enterprises for processing and sale of products in conditions of military aggression.

Keywords

• credit
• lending activities
• small and medium enterprises
• financial and credit relations
• lending programs