Own capital to credit : the financial practice of the SME project in Hungary

Abstract

The project as action in the 21st century is one of the strongest calls. Without a project, no company can be imagined. Growth is the fundamental interest of every organisation and the most obvious way to do this is to start successful projects that also end successfully. Projects allow for corporate value growth and qualitative progress in time. Larger companies are at the forefront of project management, following best practices that can be copied by the SME sector. Many tools and literature are available for project management but success, in many cases, does not depend on the methodology. In order for a project to be truly successful, one should always pay attention to the evolution of the three baselines from initiation to closure. However, the cost of the three baselines is the most important: from where and to what extent the project can be financed. The aim of this study is to present the financing practices of the Hungarian SME project based on the results of a research, highlighting the most favoured and rejected sources based on the opinion of the responding companies.