The Research On SME Financing From The Perspective Of Supply Chain Finance

SME and large enterprises jointly become the "dual core" power to drive the development of China's economic leap,but lack of funds is the major constraint on the rapid development of small and medium enterprises. Based on developing small and medium financial institutions, improving the financing environment, perfecting the guarantee system for SME and a series of mitigation measures is a long-standing process, meanwhile the SME financing problem become more serious under the impact of The Financial Crisis. Therefore, exploring the more quick and effective solution become imperative in the new situation, especially in the special period of industrial restructuring. In this paper, researching on the new perspective of Supply Chain Finance, aim on solving SME financing difficulties more efficiently.Supply chain finance is a new developing model, which born out of the times requirements in the industrial chain gradually replacing the vertical integration into the mainstream of industrial development background. Supply Chain Finance benefit from the real and effective core of trade relations between SME and large enterprises, using accounts receivable and prepayments of SME as mediators to achieve a successful loan, validing the inventory of some non-current assets, enabling SME to obtain bank loans ultimately, also firming the collaboration between SMES and the core of large enterprises, enhancing the competitiveness of the supply chain.Hence, using supply chain finance as the breakthrough, collaborating SME, banks, third party logistics, accelerating the supply chain financing of SME, cracking the old problem effectively by the new model, become the important entry point and the main target for this study.All the paper based on the status of financing for SME, from information asymmetry, rigid "financial gap ", the economic cycle, cost-benefit to dialysis the major formation mechanism of SME financing , scientifically determining the breakthrough direction of supply chain finance,deeply exploring"1+N"financing mode and its derivative modes, effectively selecting the auto parts supplier A company, steel distributor B company to analyze accounts receivable and prepayments financing program, further nail down the comparative advantages and the main problems of the supply chain finance in solving the problem of SME financing problems, finally proposing the Practical Suggestions .