The reason is obvious – Russian big business is divided, and the high level of competition in this market leads to lower profitability of lending. At the same time, small business loans is quite high rates of return. Who will be the leader in Small Business Lending – federal or local banks – hard to say. Noticeable trend in recent years has been the emergence of interest to small business by 'daughters' of foreign banks. Traditionally, foreign banks have more stringent requirements on risks, the procedures, so the small business lending market, they look weaker than the more flexible Russian banks. Nevertheless, after a while and foreign players will be able to compete with domestic.
Help them in this may underestimate the interest rates. Terms of lending to small businesses Why do interest rates are so high today? The logic of the banks is clear – 'communicating' with untrusted clients, creditors are always at risk. Higher rates offset the increased risks and costs of servicing smaller loans. In addition banks are required to offset their risks using non-standard forms of collateral. The fact that small companies usually can not provide a bank guarantee in highly liquid assets in connection with which lenders have to take a risk and issue unsecured or partially secured loans. To date, the average rate in the area of small business lending is 15-19% in rubles and 12-15% in dollars. Of course, the bet has regional characteristics – interest in the country may differ by 1-3 points.