The Research Of Credit Financing Problems For SMEs Under The Post-financial Crisis Circumstance

The Small and medium enterprises as an important role in many fields, such as job enlargement、increase efficiency、innovate acceleration and promote the economic development. After the financial crisis at2008, China Small and medium enterprises not only suffer the huge impact at business management, such as Weak demand, Cost increase, Profit margins, but also face the challenge at financing strategy In the context of credit rationing. This article combined qualitative and quantitative analysis methods based on the real example cases deeply analyses the reasons about why minor enterprises financing become more difficult and discuss the new situations and issues of they faced under the post-financial crisis circumstance, also use for reference from foreign experience, bring some opinions and solutions about how to solve the financing difficulty problems from government、commercial banks and enterprises those three layers point of views.At summarize part, this article briefly introduced the Judging standards、credit financing and classify、MM theory、balance theory、pecking order theory and financial growth cycle theory of minor enterprises in China, briefly analysis the main factor of the influence of financing、the order of financing and the key step to solve the problems about financing.At the foreign Small and medium enterprises financing experiences part, this article reference some example from the United States of America,Japan and Germany about the method of guarantee mechanism、increase government funding、encourage direct financing, which is offer some beneficial help to solve the problems of financing difficulty.At the current situation of minor enterprises credit financing issue part, this article list five new problems under the post-financial crisis circumstance. Firstly, due to the management of credit scale, the credit financing of minor enterprises become more difficult; secondly, the enterprises lack of sustainable development ability because the business expansion without planning; thirdly, the most enterprises are chase high profit instead of their main business; fourth, the influence of deleveraging economy; fifth, the diversification change of financing channel without banking system.According to the theoretical foundation advanced experience and the current problems, this article analysis the reason of minor enterprises financing difficult problems from funds supply and demands and marketing environment; present the solutions depend on the enterprises、banking systems、government manage and marketing itself those four different point of view. Specifically, if Small and medium enterprises wants transformation development, they needs to build modern management system, adjustment of structure, enhance the ability of creation; For commercial banking, they need to pay more attentions on the minor enterprises’ request, innovate new financing products, decrease the level of the interest rate. For the government, they need to create the credit environment and the guarantee systems to cooperate the development of the minor enterprises.This article scientific explain the current situation、problems and solutions of minor enterprises in a brand new angle of view under the post-financial crisis circumstance. Bring a new urgency question which is compare with the funds supply, more important policy is use efficient financing support to help the minor enterprises make good develop, thereby, push the whole society economy structure transfer forward with sustainable development.