Research On Credit Evaluating Of SMEs’ Financing

With the deepening of the reform and opening up after thirty years, SMEs get rapiddevelopment. It makes an outstanding contribution to promote innovation, increaseemployment and improve the standard of living. It can be said that the role of nationaleconomy and social development can’t be replaced. However, in the process of development,It have own problems, especially the most prominent problem is financing difficulty. It hasbecome the primary bottleneck to restrict its future development. Credit problem is mainreason, which is caused by financing difficulty. So, this article studies financing difficultyfrom credit aspect.At first, this thesis summarizes enterprises’ financing, credit theories and game theory.Game theory analysis enterprises’ integrity, whether it is under the condition of punishment ornot, which is between bank and SMEs.Then on the basis of theories, it introduces thefinancing mode, characteristic and financing credit situation. The thesis details and analysesthe causes of SMEs’ financing from four angles, for example, SMEs itself, commercial banks,financing institutions and government. Secondly, it is pointed out that building creditevaluating index system is necessary and important. It analyses the existing bank creditevaluating system that is insufficient. It constructs credit evaluating index system whichcontains both financing and non-financing evaluating system. Finally, it uses AHP to definethe weight of first class index and uses group correlation to determine the weight of secondaryindex. It constructs grey comprehensive evaluation model and applies this method to thespecific enterprise. It constructs credit evaluation model to reflect the SMEs’ real creditsituation after using two methods.In order to verify the science and feasibility of this model, introducing the high-techindustry development and financing features. Credit evaluation case is studied. This model isapplied to a listed enterprise. The result proves that model which is established in this thesis isfeasible and operational. SMEs’credit situation is comprehensive and realistic embodiment. Inthe end, the thesis comes to the conclusion and points out innovation, insufficiencies anddirection of research in the future. The thesis researches on credit evaluation ofSMEs’financing, it can help to improve the level of SMEs’ credit, help bank to make the rightcredit strategy and help to deal with financing predicament.