Small and medium-sized business development in Lithuania

Abstract

The article provides an analysis of the condition of small and medium business (further SMB), factors conditioning the availability of financing, and obstacles in the availability of financing. An analysis of business development factors was carried out, and the role of the State in the policy related to the availability of SMB financing was assessed. With the application of statistical data, sociological research findings, graphical, grouping, data comparison and generalization methods, the factors that have an impact on the choice of business financing have been analyzed and SMB indicators were presented. The analyzed data of sociological research reveal the main problems of SMB financing, hindering the effective performance of this business sector. The work gives conclusions on the condition of SMB in Lithuania, the opportunities of financing; the main reasons, impeding the improvement in the availability of business financing, were put forward; the SMB development strategy, conclusions and proposals are presented.