Sme Cluster Mutual Guarantee Financing Model

The difficulty in SME financing is a world-wide problem. SME has many disadvantages in financing, and the development of SME cluster provide a kind of institutional basis to improve SME finance. SME cluster is the effective framework for SME development. Some traits of SME cluster such as the cooperative network, local embeddedness and culture background make SMEs inside preponderant in financing over those SMEs outside.With the SME inside the cluster finance as the object, this study firstly compare the financing situation between SMEs inside the cluster and those separate outside, and analyze the advantages of cluster financing; then several main mode of cluster financing is introduced, and the standard of choosing the mode is advanced, that is maximizing the cluster finance advantages, maximizing the efficiency of SME finance, having good feasibility; based on the three standards, the mutual-guaranteed finance mode is analyzed and choosed; after that the operation of SME cluster mutual-guaranteed finance mode is anatomized including the organization structure, the operation process, the risk-controlling system, the whole mechanism is being designed considering the cluster traits; lastly, the policy advices relating to the popularization of the mode are advanced.