Research On The Accounts Receivable Pledge Financing Of Small And Micro Enterprises

For small companies and micro-enterprises,the survival,development and financing difficulties have always been the focus of attention.Government departments,legislative bodies,the financial sector and regulatory agencies are based on different dimensions,around the small and micro enterprise financing to do a lot of work.Nowadays,as the economic growth declining and the intensity of structural adjustment increasing,small and micro enterprises will play an increasingly important role in supporting economic growth,improving the employment rate,promoting scientific and technological innovation,enhancing social stability and other aspects.However,the real estate security resources such as lands and properties are lacking,so the financing problems have become the major bottleneck in the development of small and micro enterprises.Using movable property guarantee,especially the pledge of accounts receivable to carry out financing activities will be an important method to solve the financing problem of small and micro enterprises.The continuous introduced laws and regulations such as The property law of the People's Republic of China and Accounts receivable pledge registration method since 2007 has open the door to corporate movable property financing.The continuous introduced laws and regulations such as The property law of the People's Republic of China and Accounts receivable pledge registration method since 2007 has open the door to corporate movable property financing.These laws have established the legal status of accounts receivable as a kind of guarantee collateral.Under the support of the relevant laws and regulations,enterprise accounts receivable pledge financing has been developed rapidly,the number of enterprises and the amount of financing have been growing fast.Accounts receivable pledge financing can not only enhance the financing ability of small and micro enterprises,but also revitalize the accounts receivable assets,and it can improve the financing efficiency and reducing the cost of financing.But in practice,this way of financing has been exposed some problems.At the same time,facing the new system,new policy,and new environment,some of the small and micro enterprises have trouble in slowing growth of receivables pledged loans and non-performing loan problems.This paper is based on the existing research results at home and abroad,and small and micro businesses overall accounts receivable financing and enterprise individual financing practice in Dezhou.It uses the method of case analysis and comparative analysis to study financing problems of Dezhou's small and micro businesses and individual enterprises financing.First of all,this paper introduces the background of the topic,research significance,research status and content,summarizes the research achievements of the domestic and international accounts receivable financing,lists the research ideas and framework,and puts forward the innovation.Secondly,the paper defines the related concepts of the pledge of accounts receivable financing,and elaborates the theoretical basis.After that,the paper analyzes the financing situation of small and micro enterprises in Dezhou,summarizes the basic situation,and introduces the main varieties of accounts receivable financing.And then,from the perspective of banks,enterprises,government and others,the article finds and summarizes the problem of existing financing model;selects and analyzes the representative small and micro businesses'actual loan case in Dezhou.According to both sides of bank and enterprises,this paper studies the receivables pledged financing's background,basic situation,process and results,and analyses the existing problems and constraints,and puts forward targeted countermeasures and suggestions respectively from the perspective of the overall status and micro individual.Finally,according to this research and analysis,this paper summarizes the conclusions and prospects,and makes further recommendations for financing pledge receivables from the aspects of both Dezhou and the individual enterprises by describing the matters that need to be adjusted and avoided.At last,this paper puts forward the insufficiency as well as one-sidedness of the research and prospects the future research direction.