Finanancing Problems Of Small And Micro Enterprises

The small and micro enterprises are important force for economic and social development, but its financing dilemma has existed for many years. The current study is mostly targeted at SMEs, results in the lack of real research in line with the characteristics of small and micro enterprises, making small micro-enterprise loans difficult to be solved, and this paper is based on the perspective of supply chain finance to solve the financing problems of small and micro enterprises. The paper first analyzed the status of the financing of small and micro enterprises, found commercial bank financing business of small and micro enterprises existing these problems:financing gap between supply and demand is big, the amount is low and the cost is high. The most critical factor of these problems is asymmetric information between the commercial banks and small and micro enterprises, resulting in credit defects, further analyzed it should make up for the absence of small micro-enterprises’ credit, take advantage of core of large enterprise in the supply chain system by the information superiority of the core of large enterprises in the credit market, and to make up for the absence of credit of small micro-enterprises, so as to enhance the level and capacity of small micro-enterprises’ credit. Then, the paper analysed the state of development of supply chain finance in our country. Both theoretical and practical feasibility analysis found that the development of supply chain finance through the core of large enterprises. Other related enterprises, commercial banks can obtain information that the alone enterprise can not get. The core of large enterprises to provide guarantees to expand the scope and scale of credit for small and micro enterprises. Small and micro enterprises through the core of large enterprises to help enhance their credit rating, so fundamentally enhance the credit capacity of them. So, the supply chain finance can be an effective solution to the financing problem. Then, the paper analysed the results from game theory which indicates the corresponding countermeasures of different parts of market, such as the commercial banks, other economies in the supply chain and the Government:Commercial banks are required to design and develop new standardized products, promote the supply chain financing credit risk prevention management based information sharing, cultivate talented person for risk identification and product selling; Core enterprise enhance its control, increase supply chain’s control of Solvency risk, encourage the development of the logistics industry; government should improve the enterprise credit system, the terms of the relevant laws and industry guidance documents, to establish a long-term public policy system and so on.