The COSME Program As A Resource Of Finance In Small And Medium-Sized Enterprises: Sample Application

SMEs have an important place in terms of production, investment and employment activities in our country and other countries in terms of economic development. The aim of working in this context is to assess the characteristics of the COSME program, the most up-to-date SME financing policy of the European Union, in terms of small and medium-sized enterprises. In this study; Among the SMEs operating in Erzincan province, an enterprise with a high trade volume was selected and its financial structure was analyzed by the rate analysis and comparative analysis method. In the context of the COSME program for the financing problems of the operator as a result of the analysis; alternative solutions such as access to new markets through organizations such as European Regional Development Fund and European Social Development Fund and utilization of Growth-oriented Equity Support projects in order to target different products are introduced. Along with that providing financing with the COSME program is expected to be less costly and more useful than other forms of funding (bank loans, borrowing to other people).