“…According to some studies, fi nancial needs (Beran and Frková, 2003;OECD, 2013;Ardic, Mylenko and Saltane, 2012), government administrative bottlenecks, lending interest rate, innovation and competitiveness (OECD, 2010;Tabas, Beranová and Martinovičová, 2012), household and government spending (Muller et al, 2014), integration into the European aff airs and increasing internationalization (OECD, 2010;Cli on, Gärtner and Rehfeld 2011;Procházková and Kubíčkova, 2012;Dasan, 2013;Kubíčková and Procházková, 2014;Muller et al, 2014;Zapletalová, 2014;Verter and Osakwe, 2015), among others, are the signifi cant external environmental factors that are either contributing to or militating SMEs growth in the Czech Republic.…”