Discussion Of Medium And Small-Sized Enterprises' Financing And Commercial Bank's Loaning Innovation Based On JL Project Financing

JL project financing was a small project financing sponsored by natural person. The general capital requirement of JL project was 73 millions, of which 23 millions was raised by the project initiators. And the rest of capital gap was settled through bank's credit loan. The article analyzed the whole process of JL project financing in details. It described how the individuals succeeded in financing through the help of finance consultant Ltd. and commercial bank's innovation. Currently China's medium and small-sized enterprises (MSEs) is 99% of the whole numbers of registered enterprises. Their production value, profit and tax reach 60% and 40% of the whole country respectively. So, the development of small-medium enterprises not only influence whether the native economy develop healthily, continually and rapidly, but also impacts the running condition of the whole social economy. While financing difficulty is the main barrier when small-medium enterprises develop. Commonly they have gaps on both equity financing and debt financing. And China's finance system is not flourishing. It is constructed based on stated-owned enterprises as its service object. The small-medium enterprises nearly were excluded by the finance system. From natural loan angle, JL project financing will give some revelations to small-sized enterprises' finance.Firstly, the article started with the concept of project and project financing and its distinguishing feature. Then the article introduced the situation of JL project financing, including the initiation of this project, the credit side, the difficulties of loaning and how to solve these problems.Secondly, the article analyzed why JL project financing succeeded, including the feasibility of JL project financing, the commercial bank's loaning innovation and the finance consultant company's all-round service.Then, through the contrastive analysis of American medium and small-sized enterprises and Chinese MSEs' financing, this article abstracted two revelations. One is that small-sized enterprises can adopt similar mode of JL project financing to obtain the bank's loan. The other is for commercial banks' finance innovation that adopts impawn and joint assurance to broaden the scope of individual's loan service.Finally, the article analyzed the current situation and restrictions of commercial bank's finance innovation in our country. And it put forward the prospect for commercial bank's finance innovation in the future.The article will be helpful for solving similar enterprises' financing difficulty as well for commercial banks' finance innovation for meeting with violent banking industry's competition.