The economic crisis caused by the coronavirus COVID-19 led to changes in companies' demand for funding. Therefore, financial institutions were forced to develop new types and directions of financing offer. The aim of our study is to find the financial needs of the micro-enterprises and the possible solutions to meet these needs. Micro-enterprises are more than 90% of all the SMEs in Latvia; therefore, analysis on their performance is essential. The survey in empirical research was focused to find out to what extent companies had access to finance, whether they needed new or additional funding and for what purposes financial support was needed. Research methods: analysis of scientific publications and pre-crisis research results, survey of entrepreneurs. Based on survey data, the authors have used main indicators of descriptive statistics and cross-tabulations, have conducted correlation analysis. In addition, the entrepreneurs were asked to disclose the funding used for their development and entrepreneurship. During the COVID-19 crisis, companies were seeking to fund their working capital to compensate for business disruptions caused by the loss of revenue, while in the long-term they seek capital to develop new products and services, to digitize and optimize the processes, to raise employee competence. The survey results have also revealed that micro-enterprises suffered to greater extent than larger ones, though they used much less of the offered state support, attempting to rely mainly on their internal resources. Moreover, even before the current economic crisis, it was found that micro-enterprises had more limited access to external finance than other types of SMEs. Based on the survey results, main conclusion points to the need to improve availability and diversity of public financial support for micro-enterprises, which is vital during crisis period, and as well as to adopt solutions to promote the further development of micro-enterprises