Sources of Financing Small and Medium-Sized Enterprises: Case Studies in Poland

Abstract

Purpose: The article presents selected research results concerning the financing of small and medium-sized enterprises in Poland. The research subject was to gain extensive knowledge of selected sources of financing for SMEs operating in Poland. By learning about the methods of using the funds obtained, as well as identifying the most important features that guide the entrepreneur when choosing the financing sources available on the market. Approach / Methodology / Design: The study used PAPI and CAWI techniques. The survey was conducted at the turn of 2018 and 2019. The research sample included 510 entities. Findings: Entrepreneurs from the SME sector in Poland do not fully use the potential of available financing sources. The authors argue that this state of affairs may be affected by insufficient knowledge about available funding sources. Practical implications: The study showed a need to raise awareness among entrepreneurs about the available financing sources by indicating the role that government institutions should play in this process. Originality/Value: Research attempts to fill a gap in the literature on the subject. These studies can help understand the motives behind selecting specific sources of financing by SMEs operating in Central Europe.