The Research On E-commerce SME’s Loan Financing Mode On The Basis Of The Internet Finance

The E-commerce SME’s financing problem has seriously restricted their development. As an example of financing model based on internet, Ali small loan company is becoming the main financing mode for E-commerce SME. With the development of internet technology, the traditional bank lending technology has been affected by many aspects: the way of obtaining credit information, the mechanism and principle of risk management as well as the business process. Facing with this new type of internet loan financing mode, there is lack of its deep theoretical study in China. Compared with other loan model, where is the advantages and disadvantages; what is the difference with its operational mechanism; how to relieve the E-commerce SME’s financing difficulties, all of them are worthy of study.I put forward a conceptual model of internet financing model based on the research of the SME’s financing mode. From the perspective of platform, big data and finance, the conceptual model reveals its three key elements for its success: the network credit system; the risk control system; and the new loan technology. In order to provide a new perspective for the E-commerce SME’s financing problems, I analyzed three typical internet loan modes, such as Ali small loan mode; the joint guarantee and internet mode and the internet revolving loan mode. I summarized the difference of the three loan modes in terms of their functioning ideas through a comparative analysis from the credit system, the risk control system as well as lending technology. By comparing the advantages and disadvantages of these three modes, I summarized the main difference from operational mechanism, key decision variables as well as lending technology. It reveals that how the internet technology affects the operational mechanism and principle of traditional SME financing model. To really ease the E-commerce SME’s financing problem, the key method is to eliminate the asymmetry of information of the credit mutual side. Therefore, how to establish a credit system for SMEs within the scope of the whole society and how to play the role of the network in E-commerce SME’s financing problems have important significance for ease their financing difficulties.The value of this dissertation is that I made a deep study of the E-commerce SME’s financing problems through their financial needs. Through a comparative analysis of SME’s three typical loan mode, summarized the advantages and disadvantages of these three loan mode. The research shows that the E-commerce SMEs should compared with the three loan mode such as Ali small loan, joint guarantee and internet mode and the internet revolving loan mode deeply and analyzed their advantages and disadvantages respectively, then combined with the development cycle, the scale of development, from the angles of the ease of financing, financing costs, and to maximize the efficiency of their use of corporate funds to choose their most appropriate loan mode.