ASPECTS REGARDING THE FINANCING OF SMEs BY THE ROMANIAN BANKING SYSTEM.

This paper describes the main banking products on SME financing and their characteristics, offered by banks identified after studying the information obtained from banks' websites. Small and medium-sized enterprises (SMEs) are considered to be the backbone of the economy of paramount importance, as they generate more than half of the added value in the economy and create jobs for a significant number of Romania's workforce. SMEs in the local economy were having trouble accessing finance. SME financing by the banking system requires a lot of interaction with the bank's consultants and a lot of documentation from them for the bank to understand the business itself. Improved access to finance is one of the priorities of the European Union's economic and financial policies for small and medium-sized enterprises (SMEs). Romania is in line with these economic policies to increase the financing capacity of enterprises. The article aims to show that banks understand that SMEs need long-term support. The research methods consisted in the study of a bibliography from the specialized literature, of the information obtained from the banks' websites, the documentary analysis, the classification, the comparative analysis. [ABSTRACT FROM AUTHOR]