The Research On The Choice Of Financing Way For SMES Of Our Country

With the development of market economy reformed process, SMEs have become an important driving force for China’s economic development, which relates to the development of SMEs in national employment, social stability, sustainable economic development and enhance international competitiveness. It had play an important role in the current economic landscape. However, based on recent economic development, we can know that China’s SMEs expose many deep-seated problems in the financing process, Such as lack of own funds, financing channels for a single and imperfect, hardly loan from state-owned banks, the new financing for SME owners lack of understanding. At the present stage, the shortage of funds is the main bottleneck restricting the development of SMEs, choosing the appropriate financing channel is the key to solve the financing of SMEs to funding. Solving the problem of financing SMEs is imminent. This requires not only national policy support and guidance, but also internal factors should be considered enterprise.Firstly, by the relevant theoretical analysis, describe the opportunities at this stage of my financing and SME financing faces. Then through a comparative analysis with Britain, the United States, Japan, Germany and other developed countries financing models explore suitable models of SME financing. Proposed that China should establish indirect financing based, rapid development of direct financing, and constantly improve the proportion of direct financing. Meanwhile companies build their accumulation mechanisms to strengthen the enterprise’s internal retained the ability to form a multi-level, multi-channel, multi-format, full coverage of the network-based financing pattern. Financing for SMEs creates a favorable financing environment. Then it discusses that corporate credit, size, nature, and type of internal factors as well as financial institutions, national policy, capital market changes affect the external factors of financing for SMEs.In order to determine the indirect financing of model-based background, focus on the combination of internal financial information, take the cost of financing into account, financing security, and ease to finalize the business to come up with funds through which financing. In addition, the choice of different financing methods also affects the capital structure of the enterprise. Finally, the paper margins with its own funds and own funds ratio of the two SME capital management safety indicators based on the use of funds and financing costs relatively undifferentiated point analysis to determine the optimal hair financing structure, and financing for SMEs optimization of the structure to provide advice.