Abstract
A common claim noticed in the chapters that treat the economic importance of SMEs is that SMEs are the main engine of the economic growth. However, the role of SMEs in ensuring economic growth remains a highly debated topic in literature as long as “the engine of growth” is missing the “fuel” necessary for development, namely the funding.
The financial supporting tools for SMEs in Romania involve various funding sources and mechanisms. Alongside with the financial support for SMEs development allocated by the state budget or the Structural and Cohesion Fund, the mechanisms, guarantee, and counter-guarantee funds, primarily capitalized by the Romanian government, are the main tools that facilitate SMEs’ access to financing.
This chapter presents four main financial resources used by Romanian SMEs with their pluses and minuses generated by the specific context of Romanian economy aiming at supporting SMEs to perfect the instruments and methods of selecting the financing means suitable for their specific needs.
An enterprise has a good health but wishes to improve its performance—Jean Pierre Thibaut.
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Vinter, A. (2017). Financing Methods to Support SMEs in Romania. In: Vaduva, S., Fotea, I., Thomas, A. (eds) Business Ethics and Leadership from an Eastern European, Transdisciplinary Context. Springer, Cham. https://doi.org/10.1007/978-3-319-45186-2_13
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DOI: https://doi.org/10.1007/978-3-319-45186-2_13
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