Research On Credit Evaluation Of Smes Based On Logistics Financing Service

SMEs financing is a worldwide problem even in development country with well-developed financial system, and the fundamental reasons could be low level of credit rating and lack of sufficient collateral materials. The gradual rising and booming of logistics financial services in the corporate practice provides a realistic and effective way to solve the problem of SMEs financing problem, and meanwhile it generate considerable profit to commercial banks who offer such logistics financial service. But as an innovative financial and logistics service, there are still many issues of its own which need to be searched. Moreover, this new financial service also brings unfamiliar risk and credit risk should be the top priority to commercial bank. Basically the key of successful continued offering logistics financial service is managing such credit risk.The main part of credit risk management is credit evaluation. For commercial bank, an effective credit evaluating system cannot just guarantee the safety of money, but also can ensure the logistics service can be continuously providing in an effective way. But unfortunately the traditional credit evaluating system is no longer available under logistics financing environment which means it is essential to research on new credit evaluating system that meet the new requirement.Basing on introduction on the development situation of logistics financial service in China and its related theory, this article aims to build a new credit evaluating system under logistics financial environment, which split to four different parts. In the first part, it introduces the background of logistics financial service, the major pattern operating in business practice, new potential credit risk, and the importance of building a new evaluating system. In the second part, by firstly study the typical SMEs credit evaluating system, it focus on building a new parameter system which fully consider the factors like logistics company's credit rating and strength of supply chain cooperation. And then, AHP(analytical hierarchy process) is adopted to evaluating the credit level of SMEs. In the third part, it applied the new credit evaluating model to a specifically selected sample SME to show its efficiency and limitation in credit evaluation. And at last, according to the above content it gives some useful suggestion for commercial bank on improve credit evaluating system and credit risk management.The subject this article researched is still frontier in which a lot work need be done. The new credit evaluating system building in the article is able to accelerate the development of logistics financial service, enhance security of money of commercial bank, and also helpful to rise the credit level of SMEs. So, generally the content of this article is meaningful and innovative. Hope it can help commercial bank making decision, and also solve the financial problem of SMEs.