Small and medium-sized enterprises (SMEs) are playing a vital role in contributing to the growth and diversification of Oman’s economy. However, this sector’s lack of access to financing is one of the significant obstacles they face, limiting their growth and sustainability. This research focuses on two significant financial institutions, Oman ORIX and Bank Muscat, to examine the primary obstacles that SMEs face in securing financial support. This study explore the problems faced by SMEs in securing finance through Bank Muscat and Oman ORIX. These firms are vital engines of economic growth and diversification, and they therefore require solid financial support; however, they are likely to be faced with challenges in accessing finances, high interest rates in doing so, and complex and time-consuming bureaucratic processes, as well as the requirements for collateral. These highlight the importance of this study, which identifies a major issue which SMEs encounter in their access to funding by analyzing the financial options available from Oman ORIX and Bank Muscat. To explore SMEs’ financing problems in Oman, secondary data has been obtained and used in this study through the gathering and classifying of financial reports, policy documents, and institutional data from sources which are relevant to Oman ORIX and Bank Muscat.