The significance of credit guarantee funds for investments financing of SME in Poland and Malopolska

Abstract

Polish SMEs despite the fact that they are the driving force of the economy, face many barriers to their development. One of the most frequently mentioned barrier is a financial barrier. Entrepreneurs complain about the problems with obtaining bank loans, mainly due to lack of credit history and adequate security of the loan required by banks. Therefore, this paper analyzes the credit guarantee funds and attempts to answer the question whether the development of credit guarantee funds in Poland will contribute to reducing barriers to obtaining bank loans by Polish SMEs.