The Financial Innovation Impact On Small Business Financing

Small business had a great role in promoting China's economy development, but also has become an essential part of the national economic system.. However, the current small business development in China faces many difficulties, especially the problem of financing which has become a bottleneck restricting the development of small business. In particular, as the main channel of small business financing, credit financing there are still many obstacles, our credit and financing system there are many aspects of imperfections, it is difficult to meet the funding needs of small business.This paper from the current situation of small business financing and various financing methods for analysis, credit financing is obtained at present the main channel for small business financing in China. Proposed development of commercial banks through the innovative small business financing in financial product innovation, especially in credit business financing products and other innovations to ease the financing problems of small businesses is a practical approach.Article is divided into six parts, the first is the introduction, describes the research background and significance; second is an overview of small business finance theory and Document Summary; third part of the financing situation of small businesses on Financing channels for small businesses and the development status of specific analysis, and highlights China's commercial banks to small business status of financial support. The fourth part points out the financial product innovation and innovation is the credit business financing to alleviate the current bottleneck of small businesses an effective way, and introduced several innovative financial model, analysis of the current small business financing the effectiveness of innovative products. The fifth part in the financing situation of small enterprises in Zhejiang Province was indeed based on the empirical analysis points out the reasons for small business financing, and financial innovation to promote small enterprises in Zhejiang Province role played by finance. Part VI is the conclusion part of the analysis of the above conclusions of the article concluded.