Financing Problems And Coping Strategies Of Y Technology-based Small And Medium-sized Enterprise

Under the environment of rapid economic development in China,small and medium-sized enterprises in science and technology have played a role that cannot be ignored.In order to further promote the development of small and medium-sized enterprises in science and technology,the state has issued a number of policies,such as Several Policies and Measures to support small and mediumsized Enterprises in the New Era,and the Measures for the Management of R&D Investment and Financial Subsidy Funds for Science and Technology Enterprises,to standardize the development direction of small and medium-sized technology-based enterprises.But the actual development of small and mediumsized enterprises is still limited by many problems and obstacles,especially financing problems.And due to small and medium-sized technology enterprises’less capital accumulation,high risk characteristics,makes the enterprise in the face of fierce market competition,even in emergency depend on higher cost of private borrowing financing.According to the needs of enterprises,so as to alleviate the shortage of enterprise funds and improve the sustainable development ability of small and medium-sized technology-based enterprises.In view of this,this paper with life cycle theory,relational bank loan theory,capital structure theory,based on the theory of Y enterprise profit,debt financial situation analysis,found that the enterprise financing problems mainly include single,private lending proportion is too high,high external financing cost,unreasonable capital structure,etc.The reasons for these problems include narrow financing channels,insufficient mortgage guarantee ability,and large risk of enterprise operation,difficult to attract external funds,and irregular organizational structure and financial system.Finally,in order to be able to alleviate Y enterprise financing difficulties,put forward the innovative financing mode,improve the financing channels,expand the internal capital accumulation,improve guarantee ability,actively strive for government support,reduce external financing costs,strengthen the construction of the enterprise financial system,in order to Y enterprises and other similar enterprises to solve financing problems provide reference.