JEREMIE- A NEW WAY TO PROMOTE SME ACCES TO FINANCING

This article highlights the importance of SME access to financing from a sustainable development point of view as a solution to exit the current economic crisis. The access to financing is vital for starting up or expanding a business. Usually, banks grant loans to already existing enterprises and are reticent in approving credits for start up companies or for that offer no guarantees. Also, the current economic context, affected by the economic and financial crisis, has limited the loan granting activity and has rendered banks more prudent in selecting clients. The European Union offers support for the SMEs, available under different forms, such as subventions, loans or guarantees. The support can be offered either directly, or by means of the EU’s Structural Funds. JEREMIE (Joint European Resources for Micro to Medium Enterprises) is an initiative of the European Commission, developed in collaboration with the European Investment Fund.