The Study On Pawn Financing Of SMEs In Zhejiang Province

Pawn financing because of its flexible, efficient and convenient features, natural fit financing needs of the majority of SMEs, due to lack of an effective solution to the SMEs of their own conditions and unable to obtain loans from mainstream financial institutions problems, became the solutions to SME financing one of the better means Dilemma, more and more companies focus on short-term financing needs.First, this paper lists several typical corporate finance theory, as well as domestic and foreign theories about pawn financing, and pick the three theories of corporate finance theory of representative combination pawn financing theory, analysis shows that in the former the practical application of the latter. This article also depart from SMEs themselves, it summarizes the characteristics of financing, financing of the SMEs in their plight and their countermeasures. Secondly, this paper describes the types and the nature of financing pawn, compares pawn financing with other financing, especially compared with the risk and advantages of bank financing. Thirdly, the paper analyzes a lot of pawn data which come from a typical pawnshop of Zhejiang Province since 2013 to the first half of 2016, focuses on the characteristics of SMEs in Zhejiang Province pawn financing model and the same point of the country and pawn financing model difference. Fourth, the traditional paper-based financing pawn discusses several innovative forms of financing pawn. Finally, this paper summarizes the pawn financing for SME financing role and significance.The development of modern pawn only a short time nearly 30 years, the domestic lack of theoretical research in China, in addition to the data more difficult to obtain financing for SMEs pawn, resulting in this article only for SMEs pawn in this unit work encountered financing sample analysis, small sample size, one-sidedness and limitations of empirical research.