SMEs can request their banks to access financial guarantees offered by the SME guarantee fund to finance investments or current activity for the short, medium or long term. The procedure to access guarantees would be simple and fast, requiring the same documents required for the bank loan, with no additional costs, the guarantee fund said.
A recent poll by Romanian SMEs Council showed that 98.6% of small and medium-sized businesses in Romania expect their activity will be deeply affected in the upcoming period by restrictions imposed in a bid to limit the spread of Covid-19 and called for urgent government measures to stay afloat.