Research On Financing Of Small And Medium-sized Enterprises

Small and Medium-sized enterprises (SMEs) is an organic part of national economy. SMEs have a very important position and function difficult to substitute in the aspect of the employment volume that is offered and the contribution to national economy. However, difficulties in financing have come to the main obstacles to the development of these enterprises.For effective analyzing, it is necessary that define the standard of Small and Medium-sized enterprises. We must know that SMEs have its characteristic and faction. Financing is not a individual action of enterprise, but is a action between needs and demands. Financing difficulty happened, firstly because there are many problems such as vague property right, unsound internal management system, low-level credit in most of minor enterprise; secondly because incompleteness still exists in financial authority system. To solve the problem, we should advance Small and Medium-sized enterprises′s diathesis, widen the indirect financing channels by developing minor banks, for the need of direct financing of SMEs by establishing multi-arrangement financing system, also government should play important role on improving external environment of financing of Small and Medium-sized enterprises.A consummate SMEs financing system include the indirect financing system, the backhanded financing system and the financing ensure system.On the basic of establishing SMEs financing system, it is to make up a effective financing mechanism. It will provide routine financing service for SMEs .