Factoring Financing And The Risk Control Of Small And Medium-sized Enterprise

Since long ago the Small and Medium-sized Enterprise(SME) continuously pays attention in the financing question for the theorists and the practical realm, the attention focal point mainly lies in SME to finance difficult question. According to the pertinent data demonstrated occupies the nation total number of enterprises 99﹪above SME, holds the loan resources do not surpass 20﹪, also other financing way does not have the good fortune nearly with them. Finance difficultly is becoming limits SME development the bottleneck.Looked from the macroscopic stratification plane that, recent year National policy Formulation Department appeared the related legal laws and regulations, like"Small and medium-sized enterprise Promotion Law"promulgation implementation. But only then the policy support is insufficient, not only must strengthen the external environment the improvement, also must fundamentally solve SME own problem, like legal laws and regulations to its management standard, SME credit system construction and so on. Only then can play like this the role which takes stopgap measures effects a permanent cure.Looked from the microscopic stratification plane that, SME financing channel is narrow, relies on the bank loan to a great extent, but it obtains the credit aid extremely is actually limited, the commercial bank stemming from the risk and the income consideration, more takes the credit good major industry. The direct financing path also is beset with difficulties.Looked from the microscopic stratification plane that, SME financing channel is narrow, relies on the bank loan to a great extent, but it obtains the credit aid extremely is actually limited, the commercial bank stemming from the risk and the income consideration, more takes the credit good major industry, only can provide the short-term loan generally for SME, but because each kind of reason cannot provide the long-term loan generally. The direct financing path also is beset with difficulties. The stock market threshold is highly, the venture investment system is not perfect.SME (special growth stage) all has the massive account receivables in each kind of development phase, about composition current assets 1/3, also the recent years had the large growth tendency, and these account receivables were a very good financing property. Carries on the financing innovation according to SME this characteristic, treats the symptoms and the causes the means are through factoring - - international general one kind to solve the SME account receivable financing effective way.This article primary coverage has following several aspects:The first part of introductory remarks introduced factoring service and the SME financing importance. Factoring service to have the glorious history, the origin mainly has two big branches.The second part is the related literature review and the rationale. The summary and factoring service to SME financing already the research results which has, and proposed this article intermediary discusses take the finance as the rationale.The third part proposed factoring financing is SME finances the new way. The analysis the domestic SME finances at present several aspects which difficult to display, and through the related data demonstration, it has the massive account receivables in the financial management aspect, factoring service is precisely in view of the account receivable financing one effective new way.The fourth part is factoring financing present situation and the existence question. Factoring financing to have very many superiority, but took one new financing way uses initially in our country, has very many insufficiencies. Various main bodies in guarantee in the principle service the present situation all to have some problems.The fifth part is SME factoring financing the risk control. According to the domestic enterprise's actual situation, in the model overseas correlation service aspect experience, proposes microscopic and the macroscopic two aspect risk control.The sixth part is a conclusion. At present factoring service still to be in the development initial period, to developed and consummates our country to factoring service through author's to the correlation data research to put forward some proposals.The article through to factoring financing in SME feasibility analysis, draws the conclusion, namely guarantees principle financing is suits our country SME realistic situation one effective financing way. But the successful of the factoring financing still has many things to do. First, the SME should improve their financial disclosure to let the outside parties to know more about the enterprises internal conditions, especially the financial information. Secondly the bank and other financial organizations should improve their credit system, especially the financial standard for the account receivable. Thirdly the government should improve the law and regulation to support the implement of the factoring financing.