Study Of Sme Financing Credit Problems

With the increasing growth of the social market economy, small and medium sized companies play a more and more important role in the domestic economy. The difficulty these companies face in financing has become the bottleneck in their further growth. This issue has attracted wide attention from the entire society. So, it is important to analyze the reasons behind the difficulty and to figure out solutions.This thesis uses credit allocation theory, transaction fee theory and game theory as the framework, explores the reasons from the company, finance organizations and social guarantee mechanism to reach the conclusion that lack of credit is what leads to these companies' difficulty in getting financing.To resolve the small and medium sized companies' financing difficulty, this thesis looks at these companies' credit evaluation process and analyzes these companies' financing credit factors. Considering small and medium sized companies' internal factors-credit quality and credit ability and external factors-the overall disadvantageous credit environment, this paper arrives at the following measures that strengthen small and medium sized companies' financing credit: improving the companies' credit quality and credit ability by developing these companies' overall performance (including strengthening credit knowledge, strengthening companies' economic development and credit management, building advanced management system, increasing citizen loan ratio), relying on inter-company mutual credit as credit resources (joining small and medium sized enterprise groups), bettering credit environment with government and society's help (changing government agencies' functions, building credit system and credit sharing mechanism, strengthening credit laws, and improving small and medium sized companies' guarantee system).This thesis brings theory to practice by applying hierarchy-fuzzy comprehensive evaluation model to specific companies when researching small and medium sized companies' financing credit evaluation process.