Financing Dilemma And Solution Strategy Of JM Technology-based Small And Medium Enterprises

With the rapid development of China's socialist market economy,Technology-based SMEs have a decisive position in the national economy,such as promoting market full competition,easing social employment pressure,and promoting technological innovation.Therefore,the state is very concerned about the development of small and medium-sized enterprises.However,there are still many problems that limit and hinder the development of SMEs.The financing problem is particularly prominent.Solving the financing dilemma of SMEs has become the central difficulty of the company's development strategy.This paper is based on financing theory such as capital structure theory,financing order theory and information asymmetry.Taking JM Technology Co.,Ltd as the research object.Using literature review and case study methods,Combine the financial situation and financing status of JM's profit,debt repayment,operation,etc.It is found that the main problems in the financing of JM technology companies are narrow financing channels,excessive reliance on private lending,unreasonable allocation of financing periods,and lack of long-term stable sources of funds.On the one hand,the reasons for these problems are due to the company's own defects,including small assets,high risk of operation and management,insufficient mortgage guarantee capability,and irregular organizational structure and financial system.On the other hand,it is interfered by external environmental factors,including Lack of a sound legal system,insufficient government support,and imperfect financing systems in financial markets.Finally,in order to alleviate the financing difficulties of JM Technology Co.,Ltd.,it is proposed that enterprises should strengthen their own construction and reputation training,improve the indirect financing system with banks as the mainstay,and strengthen and support the government to cultivate and improve diversified financing strategies.