A Study On Credit Evaluation Of Smes Based On Supply Chain

The Small and Medium-Sized Enterprises(SMEs) have become a very important part of our country economy and played an important role in promoting economic growth, alleviating employment pressures and promoting economic restructure, but the financing problem has been plaguing its operations and development. The introduction of Supply chain financing mode provide a practical solution to break the bottleneck of finance of SMEs. Supply chain finance which full use of supply chain and SME features relies the real deal in real economy, it provide a range of financial products and services for the supply chain upstream and downstream enterprises in order to address the financing dilemma of SMEs. But so far, China has not yet establish a credit rating methods and system for SMEs in supply chain, which do a serious impact on the application and promotion of the financing pattern. Therefore, the establishment of a workable SMEs credit evaluation model under the conditions of the supply chain to alleviate the problem of financing of SMEs has important practical significance.The research mainly studies four parts on the basis of research existed. Part one, the interrelated theory of supply chain finance and financing model are discussed which establish the theory basic for the study after. Part two, firstly, I determine the principle of selecting index in the context of "l + N" supply chain financing model, then establish the initially evaluation index system. secondly, financial and non-financial credit evaluation index system, which combines the characteristic of supply chain, is built by the delphi expert assessment method and correlation method. Part three, by using the method of AHP(Analytic Hierarchy Process) and fuzzy comprehensive evaluation, I construct the supply chain credit assessment model, then 23 SMEs used under the conditions of the supply chain to make credit evaluation and analyze the results. And some advices about supply chain SME credit evaluation are given on the basis of empirical analysis in the part four.The empirical results show that the credit evaluation index system and model which are established in this paper have the validity and feasibility, and are able to reflect the evaluated-enterprise’s credit roundly and factually. The comprehensive credit of enterprise and supply chain can make the SMEs get higher Credit rating and service from bank. Meanwhile, the use of the model is also beneficial to the bank to resolve the problem of information asymmetries, and effectively avoid credit risks of SMEs.