Research On The Influence Factors Of The Financing Availability Of Small And Medium Sized Enterprises In The Supply Chain Finance Environment

Due to its own assets, opaque financial information, low credit rating reasons, it is difficult for SMEs to obtain bank credit financing. The rapid development of supply chain finance has become a new type of credit service model to solve the problem of financing of small and medium enterprises. Through the supply chain finance platform, the bank mainly considers the supply chain core enterprise’s credit, having weakened the qualification limit of the participation in the supply chain of small and medium-sized enterprise. Although supply chain finance provides a new financing way for small and medium enterprises, many small and medium enterprises have not really effective used it. The basic reason lies in the fact that these enterprises have not clarified the environment, influencing factors and ways of enterprise financing in supply chain finance. To this end, this paper puts forward the problem of financing of small and medium enterprises in the supply chain financing environment, focusing on the impact factors of the financing of SMEs under the new environment, revealing the impact of these factors on SMEs financing, as a basis to propose effective SME financing strategies to ease the financing difficulties of smes.Through literature review and research, the existing research results are used to define the connotation of the financing of SMEs, and then extract the factors that may influence the financing of SMEs, including the financial situation of small and medium-sized enterprises, the core enterprise intelligence, supply chain cooperation, financing project assets characteristics, external environment. Then This paper establish an empirical model based on the hypothesis. The empirical data obtained through questionnaire survey. The research found: 1) small and medium-sized enterprise financial status, the core enterprise qualification, the level of cooperation in supply chain, the characteristics of financing projects have significant impact on SME financing, and the external environment factors have no significant impact on the financing of small and medium enterprises; 2) The four factors have different influence on the financing of small and medium-sized enterprises. The core enterprise qualification is the first factor, which has the greatest influence on the financing of small and medium-sized enterprises. The secondary factor is the level of supply chain cooperation. The third-ranking factor is the characteristics of the assets of the financing project. The financial situation of small and medium enterprises is the last factor, which has a few influences on the financing of small and medium-sized enterprises.Based on the empirical results, the paper puts forward measures and suggestions from four aspects: the financial situation of small and medium enterprises, the core enterprise qualification, the level of supply chain cooperation, the characteristics of financing projects, to help SMEs to obtain bank funds to ease the financing difficulties.