The Effective Factors Of Financing Among Small And Medium Textile Enterprises In ShaoXing

As a traditional pillar industry of China's national economy, the prosperity of textile engineering in the market, increase farmers' income and expand exports, creating jobs and promoting urbanization play an important role. Meanwhile, as an important livelihood industry, the state has been for the textile industry cluster pilot, as of the end of 2015, more than 197 pilot in Chinese textile industry cluster formation. In China, the textile industry has formed part of a larger-scale clusters, particularly in Shaoxing textile industry cluster represented. Shaoxing textile industry cluster in 2002, nominated by the Textile Industry Association, Shaoxing City, Zhejiang Province was listed as the first batch of China's textile industry base characteristics of the city. Currently, the largest production scale, most advanced equipment, the chain's most complete and largest sales market so that the four highest in the country, Shaoxing textile enterprises become the dominant industry. Although development trend point of view, Shaoxing textile SMEs doing well, but the problem of financing small and medium textile enterprises remains an important obstacle hindering their comprehensive development.As SMEs as the representative of the textile industry cluster, cash flow is the main purpose of their financing, while corporate self needed working capital needs, there are several major characteristics: demand more often, time is short, and a small amount of high-risk, etc. and the term of the loan turnover uncertainty makes it difficult to obtain financing small and medium textile enterprises. But from the perspective of textile industry cluster, the cluster companies is approaching, a complete industrial chain and external economic advantages, the high level of credit enterprises in the cluster, and these characteristics make clusters hold together than individual enterprises scattered financing advantage, so that clusters of small textile enterprises with more financing capacity.From basic overview and financial situation of the textile cluster of SMEs to proceed, to conduct research for the Shaoxing city 230 in the cluster of small and medium textile enterprises, a total of 173 valid questionnaires were collected. Data were analyzed using SPSS software, the method comprising: descriptive statistics, factor analysis, cross analysis and multiple linear regression analysis.Investigation results show that: industrial clusters is conducive to maintaining business relationships between the upstream and downstream. Meanwhile Shaoxing textile industry cluster exists in many related enterprises and organizations, which will help reduce costs, increase sales and profits. In addition, the industrial cluster effect allows the cluster to improve corporate credit, local financial institutions and frequent exchanges also make it easier to obtain financing.Thus, for small and medium enterprises in Shaoxing textile industry cluster within the financing problem by empirical analysis, Causes problems and ways to improve. The author from four aspects to improve the policy, the government, enterprises, financial institutions, to avoid the risk of these four aspects, submitted within the cluster to improve the ability of small and medium textile enterprises financing strategies, improve small and medium textile enterprises in Shaoxing financing capacity.