The Research Of SMEs Credit Management Under Visual Angle Of Life Cycle

Along with development of economy and society, SMEs have more and more important effect on building market economy and socialistic harmonious society. Finance growing cycle theory thinks that enterprise scale, assets strength, credit status, manage system, information restriction condition and fund needs will move as transferring of enterprise life cycle . At the same time, it will induce the changes of financing manners and financing structures. Identify life cycle of SMEs accurately and realize credit needs and credit risk of SMEs in every life cycle stage are extremely important for commercial banks to implement effective credit management.Enterprise life cycle is the entire process of enterprise from naissance, development, maturation, decay to death. The shapes of enterprises life cycle are different, especially SMEs. If commercial banks can not estimate the stage of life cycle, establish credit strategy, create credit product and manage credit scientifically in according to characters and needs of SMEs in every stage, but award credit blindly or refuse to award credit when developing SMEs credit business, the commercial banks will suffer tremendous credit losing or loss opportunities to expand business and increase profit. So, based on life cycle, researching credit management of SMEs, striking up a scientific, effective, feasible SMEs credit management system and promoting to increase profit and advance competitive ability of commercial banks and SMEs have an important realistic meaning.Based on the scientific definition of the small and medium-sized enterprises, this thesis compartmentalizes life cycle of SMEs, analyses the choices of financing manners for SMEs in every life stage .The thesis also analyses current credit situation, credit needs and credit risk in every life stage. Based on life cycle theory, in order to building an individual,characteristic credit management system of the commercial banks to SMEs, the thesis gives some advices about market orientation, flow management, pricing management and credit backing management.