SME Innovation Research Credit Financing Models

In China's economic development,SMEs played an important role, such as increasing employment,promoting economic growth, promoting innovation. However, the SME financing problems as an "bottleneck" have restricted the development of SMEs, which related to its own inherent characteristics. In the direct financing model, the SME access to capital markets is difficult to reach the threshold; In the indirect financing model, the SME because of collateral, lack of anti-collateral funding difficult to obtain. Although in recent years, theorists and practitioners give this issue a lot of attention and made many efforts, but the problem has not been completely resolved.During lots of financing channels for SMEs, the credit finance is still the important one, even the only form of external financing can impact on SMEs substantially. And now financial institutions compete intensely, supporting finance for SMEs is one of means expanding market operations for themselves, how to operate and control risks must be considered.Zibo City is a "large city" of economic open zones in Shandong Province, approved by the State Council city's, Zichuan District located in the center of the City, is a strong economical area in Zibo city. Now, Zichuan District has become an important base for economic development, formed a SMEs featuring group, which focuses on ceramic, mechanical processing, chemical, and textile. However, financing difficulties of SMEs has not been solved. Banks provid for SMEs more financial support, but it does not fulfill the demands of SMEs.In this paper, starting from the basic conditions for SMEs, we analysis the role of SMEs in the economic and social development of Zichuan District, focuses on the problem of financial constraints, and analyzing the main causes of the problem of financing difficulties. Learning the research of home and abroad in the research of financing difficulties for SMEs,, this paper considers the credit financing of SMEs as object, based on the theory of business finance, the West economics, Information Economics, using the methods of Normative analysis and empirical analysis, study the problems of credit financing for SMEs in Zichuan District status, and draw on advanced international experience, build SME credit financing new model of credit financing for SMEs is difficult to explore the deep channels, with a view to solve the problem of financing SMEs provide the basis for the credit.Through analyzed above, we thinks that credit market information asymmetry is an important reason, perfecting SME's own institutional arrangements, Innovating the model of Credit Financing, improving the range of the system, is an way of easing asymmetric information between the SMEs and bank.