The aim of this paper was to analyze the growth potential of a small business using Gibb's growth model, and to determine the possibilities of financing this growth by national and European funds. Using Gibb’s growth model, it was determined where the company is now located and what its current performance is in three key areas: market, manufacturing and finance. The key growth potential factors were then assessed through portfolio idea, experience, resources, control and leadership, and the specific growth plan and strategic awareness of the company were analyzed. Based on the results of the conducted analyzes, the growth potential of VE-ST j.d.o.o. and recommendations were given for further growth and development of the company. The analysis of the company showed that the company VE-ST j.d.o.o. has the potential for growth and that the key problems are in finding additional funding for the realization of business ideas. In this sense, some of the national and European funds could help him. National funds from which the company VE-ST j.d.o.o. - ESIF can be financed by small loans placed by the Croatian Agency for Reconstruction and Development (HAMAG BICRO), where small loans of up to 50,000.00 EUR can be obtained with a minimum interest rate, with a repayment period of up to 10 years. Such favorable financial loans the company VE-ST j.d.o.o. may invest in its tangible and intangible assets. Grants from national funds also represent support for business growth and development provided by local self-government units, the city of Đakovo and Osijek-Baranja County for various types of business investments. From the financing from European funds, the company VE-ST j.d.o.o. currently there are not many options because the financial envelope of the European Union for the period 2014-2020. year from which projects are nearing completion and a new financial perspective 2021-2027 is awaited with new funds and new projects for small and medium-sized enterprises.