| The SMEs are creating great wealth for countries in the world, and have gradually become an important part of a country’s economy. Marshall analyzed from the perspective of economic evolution of the importance of small businesses. Lin yifu (2001), from the view that we are the labor-abundant country, the development of small and medium enterprises is a strategic choice of China’s future. Because of the Long time planned economy in China, the SMEs are not paid enough attention. With the development of China’s market economy, SMEs in China gradually affirmed by the government and civil, and fully aware of the contributions of SMEs to employment status, taxation, and economic.With the SME economic status do not match their position in the finance market. Discrimination of SMEs in financing is already an open secret. By the2008financial crisis, many SMEs have been closed down. SME loans again become the focus of attention. In order to cope with the impact of the global financial crisis, China in2009and2010implement the proactive fiscal policy and moderately loose monetary policy and introduced a series of policies to ensure the financing of SMEs.Based on comprehensive research by before scholars, we put business loans repayment ability, enterprise funds ability, political background as the major consideration in this research. In this paper, we concern the different factors in approving SMEs loans’applications, by the different sizes of Banks during post financial crisis period. The data are selected from the CRSMAR database between2009and2010.By Analyzing the above three factors, we finally take:total corporate assets, net profit margin of the total assets of enterprises, whether secured, whether pledge/mortgage, the proportion of state-owned shares as explanatory variables, whether sign the loan contract as explanatory variables. Divided the samples into two groups according to the lending financial institution’s size, the first group is referred to as the "four major banks", including:Bank of China, China Construction Bank, Industrial and Commercial Bank of China, Agricultural Bank of China; second group referred to as "other Small Banks", including:the other commercial banks, city commercial banks, rural credit cooperatives.Descriptive statistics found that SMEs tend to loan to "other Small Banks" instead of "four major banks". And from the loan application success rate,"other Small Banks" is higher than the "four major banks". Through the Logit model regression estimates, we get the following results:The profitability of the enterprise assets is an important determinant in bank credit approval; There are still "size discrimination " in SMEs Financial;"other Small Banks" pay more attention to the state-owned shares of SMEs ingredients than the "four major banks"; China needs to establish a sound credit guarantee system. |
