Abstract
Considered are possible sources of real investments for small businesses. It is
 shown how foreign investments in Russia make shifts towards securities
 market. Dynamics and structure of domestic sources of debt funds for fixed
 capital financing are examined. Considerable growth rates of the volume of
 investments is emphasized as well as growing number of sources of financing
 with substantial share of budgetary funds in the total amount of investment.
 Factors conducive to investment activities are outlined. Dynamics of mortgage
 lending, as the author shows, is not actually impacted neither by the dynamics
 of interest rates, nor by exchange rates ratio and inflation rates in Russia, while
 underuse of budgetary funds allocated for programs of small and medium
 business support proves that public policy in this sphere is inefficient.
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