“The more you understand the business, the better you realize whether the project can or cannot be financed,” Andrei told MEDIAFAX Talks about SMEs conference.
He added that still, this method is more difficult for the banks than simply asking for guarantees and offering the money.
Volksbank official added that money is not enough for an entrepreneur, it only represents part of the required capital, adding that authorities should simplify the legal framework and remove bureaucracy.