The Empirical Research On Changsha City Small And Micro Enterprise Credit Availability

Small and micro enterprises are the representative of economic vitality and innovation,and have an indispensable role in actively market economy,increase employment and create social wealth.But for now,small and micro businesses are generally facing strong financing constraints.This paper deeply analyses the cause of small and micro enterprise financing constraints,found that small and micro enterprise itself incomplete financial records,poor ability to resist risks,internal control system is not sound,and lead to financial institutions to small and micro enterprise financing;At the same time,the existing financial institutions are very important,and the characteristics of small and micro enterprises have not been effectively alleviated.Based on the analysis of the research on the domestic and international studies,this paper studies the influence factors of the credit availability of small and micro enterprises in Changsha city.First studied the status of small and micro enterprise financing demand and financing constraints,then using Probit model focuses on the basic characteristics of enterprises,business owners,individual characteristics,enterprise financial characteristics and relations of fact for small and micro enterprise credit demand and availability.Research has found that business owners management experience and the longer,the higher level of education,and the deeper understanding of policy,helps the enterprise's application for credit willingness and increase credit availability.Enterprise asset scale,income is higher,the greater the profit,the better,for the more collateral,enterprise credit application will more intense,the higher the likelihood of loans;Argues relationship,the fewer number of Banks,small and micro enterprise credit application will instead of the more strongly,the higher the probability of getting loans,in addition,the small and micro enterprise loan of Banks to maintain a long-term relationship will more and more likely to get loans,credit technology innovation at the same time,improve the small and micro enterprise credit application willingness and availability,alleviate the small and micro enterprise financing difficulties;The longer a small and micro business is set up,the more it will help corporate credit to get loans,but the impact on the will of the credit application will not be significant.The greater the demand for capital,the stronger the willingness of companies to apply for credit,but it is not clear that they will be able to get loans from companies.In order to alleviate the financing constraints of small and micro enterprises,and to increase the availability of credit availability of small and micro enterprises,the government should increase financial support and build a service system.Financial institutions should establish a multi-tiered financing system,innovate credit technologies and expand direct financing channels.Enterprises should transform and upgrade,establish credit awareness,and build human resources.