Analysis About Difficulty In Micro Enterprise Financing

Micro enterprise is an important part of economic system in our country.According to relevant data, it shows that there are10.23million household in ourcountry has been registered by the industrial and commercial registration of smallmicro enterprise, accounting for99%of the total number of Chinese companies.Micro enterprise in our country plays an important role in promoting economicdevelopment and guarantees the health of national economic. But, due to the smallscale and weakness in against risk of micro enterprise and ability to resist risk, nomater auditor or micro enterprise itself have no related experience. Financingdifficulties has become a bottleneck restricting the development of micro enterprisefor a long time.Statistic for only12%, cash-strapped small and medium-sizedenterprises account for80%.To solve micro enterprise financing difficulties, our country has tried on bondmarket, the folk to assure innovation aspects has carried on the attempt. But they arenot good enough. Current theoretical research involving micro enterprises, and in thiscase, from anther Angle carries on the feasibility analyzes of the small enterprisefinancing is particularly important.First of all, the author analyzes the existing research of bank lending, folkfinance and corporate bond market. At present, the theoretical study of corporate bondmarket and the credit loan is relatively little.So analysis on credit loan will have acertain significance.At the second part,the author analysis the micro enterprise standard, thecharacteristic of the micro enterprise and small financing gap of micro enterprise.External financing is divided into direct financing and indirect financing. In thethird part, illustrates the exogenous financing form of micro enterprises. In thesecurities financing，the size of micro enterprise does not conform to the rules ofissuance of shares and corporate bonds in our country, by way of equity and debt make little sense to relieve the micro enterprise financing difficulties. Folk financing,the micro enterprise can get the money easily, but the cost of loan is too high to helpmicro enterprise develop. The author thinks that the key to solve micro enterprisefinancing difficult is to make micro enterprise loan easily.Then the author analyses the small micro enterprise loan demand, microenterprise daily financing demand does not exceed one hundred thousand yuan. Undertraditional credit audit technology, such a small amount of loan, the relative costsand benefits is uneconomical. For micro loan, we must innovate micro lendingtechnology.The fourth part of the paper, According to the characteristics of microbusinesses loan, to solve this problem, we must make credit innovation according tothe characteristic of short,urgent and frequency of micro businesses loans. We alsoshould change the traditional mode in loan approval rights, pay attention to cash flowinstead of mortgage, attach great importance to the boss personal character, outputs,water and electric meter, customs declaration form instead of the financial statements.In addition, the author illustrate the present on-line and off-line micro credittechnology.In the fifth part, the author use rigorous modes to prove division in credit loansapproval rights.In the sixth part,according to the present situation of credit loans,the author makesome policy Suggestions.