Research On Credit Problems Of SMEs Under The Perspective Of Supply Chain Finance

Since more than forty years after Reform and Opening-up,the small and medium-sized enterprises have a vigorous development,making lots of contributions to China’ s national economy and social development.Nevertheless,so many small and medium-sized enterprises are facing the problem of financing difficulties in real life.At the same time,some small and medium-sized enterprises’ credit consciousness deteriorates,leading to the lack of credit.It comes into being troubles to the credit work of banks.Under the traditional financing mode,banks need to gather such useful information to have a completely understanding for the credit condition of small and medium-sized enterprises.However,due to the imperfect accounting management and deficient information disclosure of small and medium-sized enterprises,it is difficult for banks to succeed in what they set out to accumulate sufficient information from the small and medium-sized enterprises,which create a barrier for banks to evaluate credit risk.And so the banks are no intention to lend to small and medium-sized enterprises credit funds.As an innovative financial product of banks,supply chain finance has changed this situation now.Under the mode of supply chain finance,banks not only focus on the situation of the small and medium-sized enterprises,but also keep their attention on the credit situation of core enterprises in supply chain and the overall situation of supply chain.As a result,they can get abundant information that will be considered as a key means to alleviate the information asymmetry between banks and small and medium-sized enterprises.Based on the existing studies,this paper,first of all,describes the ideas of the credit evaluation methods of Small and medium-sized enterprises under the traditional credit model and its shortcomings.The introduction of the concept and model of supply chain finance is introduced.It is concluded that due to the introduction of debt rating instruments in the supply chain finance model,and banks are able to obtain more adequate credit evaluation results.Secondly,by introducing the technical means of supply chain finance,the mechanism of supply chain finance to alleviate the information asymmetry between banks and enterprises is revealed.It is concluded that supply chain finance can solve the credit problems of Small and medium-sized enterprises to a certain extent.Finally,small and medium-sized travel agencies are taken as an example.By analyzing the financing problems of small and medium-sized travel agencies caused by credit problems,the idea of using supply chain finance to solve the financing difficulties of small and medium-sized travel agencies is proposed.And this paper provide banks with implementation suggestions to carry out supply chain finance business for small and medium-sized travel agencies:strengthen due diligence on core enterprises in the supply chain,improve the interaction with small and medium-sized travel agencies,enhance the credibility of information acquisition related to small and medium-sized travel agencies,and intensify the ability of continuous research and development of supply chain finance products for small and medium-sized travel agencies.To some extent,this paper adds the research perspective of small and medium-sized enterprises’credit problems,enriches the research results of alleviating the financing constraints of them,provides a reference for the credit decision-making of commercial banks,and provides policy references and implementation path for government departments to solve the problem of financing difficulties of small and medium-sized enterprises.