The Research On The Financing Mode Of Small Businesses In U.S.A. And Its Enlightenment On China

Lack of fund is the "narrow neck" preventing the development of small and . medium-sized enterprises all over the world. The United States has the best experience in the financing of its small businesses. Through the research on the financing of American small businesses, enlightenment is expected in solving the corresponding problem in China.The mall businesses of the U.S. have been making great contributions in creating employment, enlarging export, forwarding technique innovation and enriching product categories to meet customers' various demands. The efficient system is the support to small businesses' financing. It includes relative financing laws and regulations, the risk-resisting credit guarantee system as well as innovation of financial systems. The increasingly complete law system has direct or indirect impact on small businesses' financing. The credit scoring model is used by banks to decide whether to loan to small businesses. The U.S. government offers financial support to small businesses mainly through the credit guarantee system. The typical financial innovation is the building and development of the venture capital and the multi-layer capital market.Small businesses get funds through many approaches, including inside financing, bank loaning, venture capital investing, capital market financing, etc. Among outside financing means, commercial bank loaning has been the main. With the appearance of financing innovation, venture capital has become the engine of U.S. economy, which has been greatly solving the problem of financing difficulty in small businesses.Substantial contribution to economy has been made by the small and medium-sized enterprises in China, and meanwhile, their financial difficulty has become the focus of attention. Many reasons cause the difficulty. Taking the advanced financing experience of the U.S. small businesses as example, we should build and perfect the relative system of laws and regulations, greatly develop small and medium-sized financial organizations, further open the financial market, accelerate the construction of the social credit system, improve the credit guarantee system, forward the development of venture capital and make clear Government's functions in the financing process of small and medium-sized enterprises.