Abstract

The aim of this study is to analyze the effectiveness of preventive measures taken during crisis periods over SMEs. To eliminate the adverse effects of the crisis Turkish Government took 7 sets of preventive measures against crisis. Major considerations to introduce these measures were to strengthen the economy and thus maintain sustainable growth, minimize the problem of liquidity, encourage domestic demand and overcome the problem of unemployment.

For these purposes a survey was conducted for SMEs. The results of the survey demonstrate that participants of the survey stressed the importance of loans. The study revealed that extending the payment periods of KOSGEB loans during crisis periods and providing assistance to loaning procedure by the banks were critically important for the sustainability of businesses.