Analysis of Alternative Sources of Financing For Small And Medium-Sized Businesses

In modern economic conditions, the enterprises' own funds have not been able to become the necessary basis for implementing a unified innovation policy, and have not eliminated multi-channel financing. At the same time, it is necessary to consider that the greatest efficiency of the enterprise's activities is achieved if they equally provide and stimulate all types of activities, allow for comprehensive financing of the entire cycle, all areas of innovative development. In addition, no higher authority knows better than the enterprise itself where to direct the funds allocated for this so that they give the highest return. The solution to the problems raised becomes possible with the creation of a single fund for innovative modernization of enterprises (EFIMP). It involves the transfer to a single basis of all types of activities, not only current economic activities, but also financing of innovative activities in the context of the reconstruction and technical re-equipment of enterprises.